Thrivent Financial for Lutherans Has $1.53 Million Stock Holdings in General Mills, Inc. $GIS

Thrivent Financial for Lutherans reduced its position in General Mills, Inc. (NYSE:GIS) by 26.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,395 shares of the company’s stock after selling 10,898 shares during the period. Thrivent Financial for Lutherans’ holdings in General Mills were worth $1,532,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Davis Capital Management acquired a new position in General Mills during the 3rd quarter valued at about $29,000. Salomon & Ludwin LLC boosted its stake in General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock valued at $32,000 after acquiring an additional 591 shares during the last quarter. Financial Consulate Inc. acquired a new stake in General Mills during the 3rd quarter worth $32,000. Root Financial Partners LLC acquired a new position in shares of General Mills in the 3rd quarter valued at $40,000. Finally, Traub Capital Management LLC acquired a new position in shares of General Mills in the 2nd quarter valued at $46,000. 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 the business’s stock in a transaction that occurred 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 sale, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GIS. Jefferies Financial Group dropped their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, December 11th. UBS Group restated a “sell” rating on shares of General Mills in a research report on Friday, December 19th. Stifel Nicolaus lowered their price target on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Morgan Stanley set a $47.00 price objective on shares of General Mills and gave the stock an “underweight” rating in a research note on Wednesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 target price on shares of General Mills in a research note on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and an average price target of $53.33.

General Mills Stock Performance

Shares of GIS stock opened at $48.54 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. General Mills, Inc. has a 52 week low of $42.78 and a 52 week high of $67.35. The company’s 50 day moving average price is $46.07 and its two-hundred day moving average price is $47.81. The company has a market capitalization of $25.90 billion, a P/E ratio of 10.44 and a beta of -0.06.

General Mills (NYSE:GIS) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the business posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, 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 Friday, May 1st. Investors of record on Friday, April 10th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.0%. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

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.