General Mills, Inc. $GIS Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 23.0% in the third quarter, Holdings Channel reports. The fund owned 120,515 shares of the company’s stock after purchasing an additional 22,503 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in General Mills were worth $6,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of General Mills by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock valued at $3,592,828,000 after purchasing an additional 581,045 shares during the period. State Street Corp lifted its position in shares of General Mills by 0.8% in the second quarter. State Street Corp now owns 33,572,271 shares of the company’s stock worth $1,739,379,000 after purchasing an additional 250,113 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in General Mills by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock valued at $1,000,299,000 after purchasing an additional 265,870 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of General Mills by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock valued at $786,954,000 after purchasing an additional 170,587 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of General Mills by 15.9% during the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after acquiring an additional 1,368,041 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GIS shares. Sanford C. Bernstein set a $54.00 price objective on shares of General Mills and gave the stock a “market perform” rating in a report on Thursday, December 18th. TD Cowen restated a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Morgan Stanley set a $47.00 target price on General Mills and gave the stock an “underweight” rating in a research report on Wednesday, December 17th. Wells Fargo & Company lowered their price target on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Finally, Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.33.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

General Mills Trading Up 0.7%

NYSE GIS traded up $0.30 during mid-day trading on Wednesday, reaching $45.01. 529,489 shares of the stock were exchanged, compared to its average volume of 8,247,795. General Mills, Inc. has a one year low of $42.78 and a one year high of $67.35. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. The stock has a 50 day simple moving average of $46.05 and a 200-day simple moving average of $48.06. The stock has a market cap of $24.01 billion, a P/E ratio of 9.68 and a beta of -0.06.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.General Mills’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.4%. General Mills’s dividend payout ratio is 52.47%.

General Mills Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.