General Mills, Inc. $GIS Stock Position Lessened by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its holdings in General Mills, Inc. (NYSE:GIS) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,172 shares of the company’s stock after selling 3,821 shares during the quarter. MetLife Investment Management LLC’s holdings in General Mills were worth $8,560,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Integrated Wealth Concepts LLC lifted its holdings in shares of General Mills by 52.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 22,900 shares of the company’s stock valued at $1,460,000 after buying an additional 7,911 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of General Mills by 21.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 15,133 shares of the company’s stock valued at $965,000 after buying an additional 2,644 shares during the period. Quarry LP acquired a new stake in shares of General Mills in the fourth quarter valued at $58,000. Northern Trust Corp lifted its holdings in shares of General Mills by 18.4% in the fourth quarter. Northern Trust Corp now owns 8,061,793 shares of the company’s stock valued at $514,101,000 after buying an additional 1,253,483 shares during the period. Finally, Lido Advisors LLC lifted its holdings in shares of General Mills by 11.9% in the fourth quarter. Lido Advisors LLC now owns 41,022 shares of the company’s stock valued at $2,616,000 after buying an additional 4,354 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $45.00 price objective (down previously from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Royal Bank Of Canada upgraded General Mills from a “sector perform” rating to an “outperform” rating and cut their price objective for the company from $67.00 to $63.00 in a report on Thursday, June 26th. The Goldman Sachs Group lowered General Mills from a “buy” rating to a “neutral” rating and cut their price objective for the company from $68.00 to $58.00 in a report on Monday, June 9th. Stifel Nicolaus reduced their target price on General Mills from $65.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, June 26th. Finally, UBS Group reduced their target price on General Mills from $52.00 to $49.00 and set a “sell” rating for the company in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.13.

General Mills Stock Down 0.2%

Shares of General Mills stock opened at $49.22 on Wednesday. The stock has a 50-day moving average price of $50.69 and a 200 day moving average price of $55.04. The company has a market cap of $26.70 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.24 and a beta of -0.01. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. General Mills, Inc. has a 1 year low of $48.59 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were paid a $0.61 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 5.0%. This is an increase from General Mills’s previous quarterly dividend of $0.60. General Mills’s dividend payout ratio (DPR) is currently 59.51%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.