Grantham Mayo Van Otterloo & Co. LLC Cuts Position in General Mills, Inc. $GIS

Grantham Mayo Van Otterloo & Co. LLC reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 18.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,476 shares of the company’s stock after selling 45,804 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in General Mills were worth $10,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Close Asset Management Ltd purchased a new stake in shares of General Mills during the third quarter valued at about $28,000. Davis Capital Management purchased a new stake in General Mills during the third quarter valued at approximately $29,000. Salomon & Ludwin LLC boosted its stake in General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after acquiring an additional 591 shares in the last quarter. Financial Consulate Inc. purchased a new position in General Mills in the third quarter worth $32,000. Finally, Physician Wealth Advisors Inc. increased its position in shares of General Mills by 343.8% during the third quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Trading Down 1.9%

General Mills stock opened at $43.43 on Tuesday. The stock has a 50-day moving average price of $45.45 and a 200 day moving average price of $47.26. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 9.34 and a beta of -0.05. General Mills, Inc. has a 52 week low of $42.78 and a 52 week high of $67.35. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last posted 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. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. General Mills’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Sell-side analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio is presently 52.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen lowered their price objective on General Mills from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Jefferies Financial Group lowered 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. Bank of America downgraded shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a report on Monday, February 23rd. Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Stifel Nicolaus cut their price target on shares of General Mills from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average target price of $50.42.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction dated 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 transaction, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.

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.