Mattson Financial Services LLC Makes New $948,000 Investment in General Mills, Inc. $GIS

Mattson Financial Services LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,809 shares of the company’s stock, valued at approximately $948,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Institute for Wealth Management LLC. increased its holdings in General Mills by 10.5% in the third quarter. Institute for Wealth Management LLC. now owns 5,315 shares of the company’s stock worth $268,000 after purchasing an additional 507 shares in the last quarter. Coastwise Capital Group LLC bought a new position in shares of General Mills in the third quarter valued at approximately $200,000. Sovereign Financial Group Inc. boosted its holdings in General Mills by 6.7% during the 3rd quarter. Sovereign Financial Group Inc. now owns 20,520 shares of the company’s stock worth $1,035,000 after acquiring an additional 1,295 shares during the last quarter. Bard Financial Services Inc. boosted its holdings in General Mills by 1.5% during the third quarter. Bard Financial Services Inc. now owns 108,025 shares of the company’s stock worth $5,447,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of General Mills by 21.9% in the third quarter. Apollon Wealth Management LLC now owns 15,626 shares of the company’s stock valued at $788,000 after acquiring an additional 2,807 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

General Mills Stock Performance

NYSE:GIS opened at $47.08 on Monday. The stock has a market cap of $25.12 billion, a P/E ratio of 10.12, a PEG ratio of 0.88 and a beta of -0.07. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average price is $47.10 and its two-hundred day moving average price is $49.24. General Mills, Inc. has a twelve month low of $45.15 and a twelve month high of $67.35.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the business earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.2%. General Mills’s dividend payout ratio (DPR) is 52.47%.

Analyst Upgrades and Downgrades

GIS has been the topic of a number of research reports. Evercore ISI reaffirmed a “positive” rating on shares of General Mills in a report on Thursday, December 18th. UBS Group restated a “sell” rating on shares of General Mills in a research note on Friday, December 19th. Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Morgan Stanley set a $47.00 price target on General Mills and gave the company an “underweight” rating in a research report on Wednesday, December 17th. Finally, Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.44.

About General Mills

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.