tru Independence LLC Invests $4.60 Million in General Mills, Inc. $GIS

tru Independence LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 91,125 shares of the company’s stock, valued at approximately $4,595,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. purchased a new stake in General Mills in the 2nd quarter valued at about $222,000. North Star Investment Management Corp. lifted its holdings in shares of General Mills by 255.8% during the 3rd quarter. North Star Investment Management Corp. now owns 59,791 shares of the company’s stock worth $3,015,000 after acquiring an additional 42,986 shares during the period. Norges Bank acquired a new stake in shares of General Mills in the second quarter worth approximately $417,508,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in General Mills by 22.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 383,877 shares of the company’s stock valued at $19,889,000 after purchasing an additional 70,800 shares during the period. Finally, Callan Family Office LLC purchased a new stake in General Mills in the second quarter valued at approximately $439,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

GIS stock opened at $43.92 on Friday. The stock has a 50-day simple moving average of $46.61 and a 200-day simple moving average of $48.79. The firm has a market cap of $23.44 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.80 and a beta of -0.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. General Mills, Inc. has a 1 year low of $42.78 and a 1 year high of $67.35.

General Mills (NYSE:GIS) last released its quarterly 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. The firm had revenue of $4.86 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a yield of 5.6%. General Mills’s payout ratio is 52.47%.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIS. Mizuho cut their price target on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, September 19th. Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a report on Wednesday, October 8th. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Sanford C. Bernstein set a $54.00 target price on shares of General Mills and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Finally, Stifel Nicolaus cut their price target on shares of General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills has an average rating of “Hold” and an average price target of $53.33.

General Mills Company 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.