SG Americas Securities LLC Has $3.07 Million Holdings in General Mills, Inc. $GIS

SG Americas Securities LLC cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 69.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,950 shares of the company’s stock after selling 138,770 shares during the quarter. SG Americas Securities LLC’s holdings in General Mills were worth $3,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Modern Wealth Management LLC grew its stake in General Mills by 6.9% during the first quarter. Modern Wealth Management LLC now owns 4,075 shares of the company’s stock worth $244,000 after buying an additional 262 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in shares of General Mills in the 2nd quarter valued at approximately $222,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of General Mills by 116.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,381 shares of the company’s stock worth $72,000 after acquiring an additional 743 shares in the last quarter. Wesbanco Bank Inc. boosted its position in shares of General Mills by 6.5% during the 2nd quarter. Wesbanco Bank Inc. now owns 75,061 shares of the company’s stock worth $3,889,000 after acquiring an additional 4,612 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in General Mills by 17.8% in the second quarter. Parallel Advisors LLC now owns 17,263 shares of the company’s stock valued at $894,000 after acquiring an additional 2,609 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills 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 completion of the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GIS. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Evercore ISI restated a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Piper Sandler reiterated an “overweight” rating and set a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. Mizuho cut their price target on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, September 19th. Finally, TD Cowen decreased their target price on shares of General Mills from $48.00 to $45.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, General Mills has an average rating of “Hold” and an average target price of $53.33.

General Mills Price Performance

GIS stock opened at $43.49 on Tuesday. The firm has a 50 day moving average of $46.51 and a 200-day moving average of $48.63. The firm has a market capitalization of $23.20 billion, a P/E ratio of 9.35 and a beta of -0.06. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. General Mills’s revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Friday, January 9th. General Mills’s dividend payout ratio (DPR) 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.