Rakuten Investment Management Inc. Makes New Investment in General Mills, Inc. $GIS

Rakuten Investment Management Inc. bought a new position in shares of General Mills, Inc. (NYSE:GIS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 125,391 shares of the company’s stock, valued at approximately $6,322,000.

A number of other large investors have also recently made changes to their positions in GIS. Davis Capital Management purchased a new position in General Mills in the 3rd quarter worth about $29,000. Salomon & Ludwin LLC grew its stake in General Mills by 1,094.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after acquiring an additional 591 shares in the last quarter. Financial Consulate Inc. purchased a new position in shares of General Mills during the third quarter worth approximately $32,000. Root Financial Partners LLC bought a new stake in shares of General Mills during the third quarter valued at approximately $40,000. Finally, Traub Capital Management LLC purchased a new stake in shares of General Mills in the second quarter valued at approximately $46,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills 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 directly owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

General Mills Trading Up 1.2%

Shares of NYSE GIS opened at $44.49 on Friday. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35. The business has a fifty day moving average price of $46.21 and a 200 day moving average price of $48.25. The stock has a market capitalization of $23.74 billion, a P/E 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.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. General Mills’s dividend payout ratio is presently 52.47%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Evercore ISI reissued a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Weiss Ratings downgraded General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $51.00 price target on shares of General Mills in a research note on Thursday, December 18th. Sanford C. Bernstein set a $54.00 price objective on shares of General Mills and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Finally, Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company 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.