AGF Management Ltd. Buys 10,967 Shares of General Mills, Inc. $GIS

AGF Management Ltd. increased its stake in General Mills, Inc. (NYSE:GIS) by 19.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,895 shares of the company’s stock after buying an additional 10,967 shares during the period. AGF Management Ltd.’s holdings in General Mills were worth $3,373,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Clarius Group LLC increased its position in shares of General Mills by 13.8% during the second quarter. Clarius Group LLC now owns 5,426 shares of the company’s stock worth $281,000 after acquiring an additional 659 shares during the period. Marks Group Wealth Management Inc bought a new position in General Mills in the second quarter worth approximately $596,000. Knights of Columbus Asset Advisors LLC increased its holdings in General Mills by 37.2% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 14,144 shares of the company’s stock worth $733,000 after purchasing an additional 3,832 shares during the period. Belpointe Asset Management LLC raised its position in General Mills by 38.1% during the 2nd quarter. Belpointe Asset Management LLC now owns 24,960 shares of the company’s stock valued at $1,293,000 after purchasing an additional 6,880 shares in the last quarter. Finally, Seamount Financial Group Inc. lifted its holdings in shares of General Mills by 6.5% in the 2nd quarter. Seamount Financial Group Inc. now owns 7,219 shares of the company’s stock worth $374,000 after buying an additional 439 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Performance

GIS stock opened at $46.47 on Wednesday. General Mills, Inc. has a one year low of $42.78 and a one year high of $67.35. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 9.99 and a beta of -0.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The firm has a 50-day simple moving average of $45.83 and a two-hundred day simple moving average of $47.88.

General Mills (NYSE:GIS) last issued its quarterly earnings data 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. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year. 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 fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.3%. General Mills’s dividend payout ratio is presently 52.47%.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s 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 sale, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. UBS Group reiterated a “sell” rating on shares of General Mills in a report on Friday, December 19th. Sanford C. Bernstein set a $54.00 price target on shares of General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. TD Cowen reaffirmed a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Finally, Stifel Nicolaus dropped their price objective on shares of General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.