General Mills, Inc. $GIS Position Lessened by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 7.9% in the third quarter, HoldingsChannel reports. The firm owned 181,309 shares of the company’s stock after selling 15,503 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in General Mills were worth $9,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of General Mills by 0.8% during the second quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock worth $3,592,828,000 after acquiring an additional 581,045 shares during the last quarter. State Street Corp increased its stake in shares of General Mills by 0.8% in the second quarter. State Street Corp now owns 33,572,271 shares of the company’s stock valued at $1,739,379,000 after purchasing an additional 250,113 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of General Mills by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock valued at $1,000,299,000 after purchasing an additional 265,870 shares during the period. Geode Capital Management LLC raised its holdings in shares of General Mills by 1.1% during the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock valued at $786,954,000 after buying an additional 170,587 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of General Mills by 4.8% during the second quarter. Nordea Investment Management AB now owns 8,588,624 shares of the company’s stock worth $443,173,000 after buying an additional 393,135 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction dated 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 $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by insiders.

General Mills Stock Up 2.3%

NYSE GIS opened at $43.92 on Friday. The company has a market capitalization of $23.44 billion, a P/E ratio of 9.45, a PEG ratio of 0.80 and a beta of -0.06. General Mills, Inc. has a 12 month low of $42.78 and a 12 month high of $67.35. 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 company’s 50 day simple moving average is $46.61 and its 200 day simple moving average is $48.79.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating 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 return on equity of 21.41% and a net margin of 13.51%.The firm’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be paid 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 5.6%. General Mills’s dividend payout ratio is currently 52.47%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GIS shares. TD Cowen cut their target price on General Mills from $48.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Sanford C. Bernstein set a $54.00 price target on General Mills and gave the company a “market perform” rating in a report on Thursday, December 18th. Mizuho cut their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday, September 19th. HSBC decreased their target price on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada set a $63.00 target price on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.33.

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.