Connor Clark & Lunn Investment Management Ltd. Acquires 76,061 Shares of General Mills, Inc. $GIS

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in General Mills, Inc. (NYSE:GIS) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,473 shares of the company’s stock after purchasing an additional 76,061 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of General Mills worth $28,814,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Franklin Resources Inc. boosted its stake in shares of General Mills by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 660,601 shares of the company’s stock worth $33,308,000 after buying an additional 36,522 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of General Mills by 69.6% in the third quarter. Quadrant Capital Group LLC now owns 42,028 shares of the company’s stock valued at $2,119,000 after acquiring an additional 17,241 shares during the last quarter. Van ECK Associates Corp raised its holdings in General Mills by 4.7% during the third quarter. Van ECK Associates Corp now owns 139,727 shares of the company’s stock worth $7,046,000 after acquiring an additional 6,249 shares in the last quarter. Capital World Investors raised its holdings in General Mills by 0.3% during the third quarter. Capital World Investors now owns 5,585,110 shares of the company’s stock worth $281,601,000 after acquiring an additional 16,028 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in General Mills by 8.5% during the third quarter. Bank of Montreal Can now owns 919,743 shares of the company’s stock valued at $46,373,000 after purchasing an additional 71,939 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS opened at $39.40 on Friday. 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 firm has a market cap of $21.02 billion, a price-to-earnings ratio of 8.47 and a beta of -0.05. The stock’s fifty day moving average price is $45.10 and its two-hundred day moving average price is $47.10. General Mills, Inc. has a one year low of $39.29 and a one year high of $62.61.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. General Mills’s quarterly 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. On average, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.2%. General Mills’s payout ratio is currently 52.47%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GIS. Zacks Research lowered General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Mizuho set a $47.00 target price on shares of General Mills in a research note on Monday, February 23rd. Sanford C. Bernstein lowered their target price on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Finally, Bank of America cut shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $49.58.

Insider Transactions at General Mills

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

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.