QRG Capital Management Inc. Sells 151,486 Shares of General Mills, Inc. $GIS

QRG Capital Management Inc. decreased its position in General Mills, Inc. (NYSE:GIS) by 45.0% during the third quarter, HoldingsChannel.com reports. The firm owned 185,060 shares of the company’s stock after selling 151,486 shares during the quarter. QRG Capital Management Inc.’s holdings in General Mills were worth $9,331,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. boosted its stake in General Mills by 255.8% in the 3rd quarter. North Star Investment Management Corp. now owns 59,791 shares of the company’s stock worth $3,015,000 after purchasing an additional 42,986 shares during the period. Norges Bank bought a new stake in shares of General Mills during the second quarter valued at approximately $417,508,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of 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 worth $19,889,000 after buying an additional 70,800 shares in the last quarter. Philip James Wealth Mangement LLC boosted its position in shares of General Mills by 55.0% during the third quarter. Philip James Wealth Mangement LLC now owns 208,155 shares of the company’s stock worth $10,495,000 after acquiring an additional 73,877 shares during the last quarter. Finally, Callan Family Office LLC bought a new position in shares of General Mills during the second quarter worth $439,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GIS. Cowen reiterated a “hold” rating on shares of General Mills in a research note 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. Jefferies Financial Group cut their price target on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, UBS Group reissued a “sell” rating on shares of General Mills in a report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus price target of $53.33.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction that occurred 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 directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

General Mills Price Performance

NYSE:GIS opened at $44.51 on Friday. The firm has a market capitalization of $23.75 billion, a price-to-earnings ratio of 9.57 and a beta of -0.06. 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 business has a 50 day simple moving average of $46.40 and a 200-day simple moving average of $48.46. General Mills, Inc. has a 1 year low of $42.78 and a 1 year high of $67.35.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the company earned $1.40 earnings per share. 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. Equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, January 9th. General Mills’s 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.