AlphaQuest LLC Cuts Holdings in General Mills, Inc. $GIS

AlphaQuest LLC cut its holdings in General Mills, Inc. (NYSE:GIS) by 69.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,566 shares of the company’s stock after selling 36,910 shares during the quarter. AlphaQuest LLC’s holdings in General Mills were worth $835,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIS. Davis Capital Management purchased a new stake in shares of General Mills during the 3rd quarter worth $29,000. Salomon & Ludwin LLC boosted its holdings in General Mills by 1,094.4% during the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after buying an additional 591 shares in the last quarter. Financial Consulate Inc. acquired a new position in General Mills during the third quarter worth about $32,000. Root Financial Partners LLC purchased a new position in General Mills in the third quarter valued at about $40,000. Finally, Traub Capital Management LLC acquired a new stake in shares of General Mills during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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 dated 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 in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $51.00 price target on shares of General Mills in a research report on Thursday, December 18th. Wells Fargo & Company decreased their price objective on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. Morgan Stanley set a $47.00 target price on shares of General Mills and gave the company an “underweight” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.33.

General Mills Price Performance

General Mills stock opened at $45.60 on Tuesday. The firm’s 50-day moving average is $45.84 and its two-hundred day moving average is $47.91. 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 stock has a market capitalization of $24.33 billion, a P/E ratio of 9.81 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.

General Mills (NYSE:GIS) last announced its quarterly earnings data 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 business had revenue of $4.86 billion for 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 company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 5.4%. General Mills’s dividend payout ratio is 52.47%.

General Mills 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.