TrueMark Investments LLC Purchases 23,446 Shares of General Mills, Inc. $GIS

TrueMark Investments LLC lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 24.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 121,205 shares of the company’s stock after purchasing an additional 23,446 shares during the quarter. TrueMark Investments LLC’s holdings in General Mills were worth $6,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of GIS. J2 Capital Management Inc raised its stake in shares of General Mills by 3.1% during the second quarter. J2 Capital Management Inc now owns 6,846 shares of the company’s stock worth $355,000 after acquiring an additional 203 shares in the last quarter. Guardian Wealth Advisors LLC grew its holdings in shares of General Mills by 2.7% during the 2nd quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock valued at $409,000 after purchasing an additional 209 shares during the last quarter. Austin Private Wealth LLC grew its holdings in shares of General Mills by 5.0% during the 3rd quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after purchasing an additional 211 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in General Mills by 1.3% in the second quarter. Concurrent Investment Advisors LLC now owns 17,001 shares of the company’s stock worth $881,000 after purchasing an additional 226 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in General Mills by 0.7% during the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Trading Up 0.1%

NYSE:GIS opened at $44.56 on Friday. The company has a 50-day moving average price of $46.16 and a 200-day moving average price of $48.20. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 9.58 and a beta of -0.06. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35.

General Mills (NYSE:GIS) last released 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 the consensus estimate 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 was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently declared 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 is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. General Mills’s payout ratio is currently 52.47%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GIS. Sanford C. Bernstein set a $54.00 price objective on General Mills and gave the stock a “market perform” rating in a report on Thursday, December 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price target on shares of General Mills in a research note on Thursday, December 18th. TD Cowen reissued a “hold” rating on shares of General Mills in a research note on Monday, December 15th. Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 price target on shares of General Mills in a report on Thursday, December 18th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.33.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value 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 represents 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 this link. 0.30% of the stock is currently owned by insiders.

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.