Connor Clark & Lunn Investment Management Ltd. Buys 76,061 Shares of General Mills, Inc. $GIS

Connor Clark & Lunn Investment Management Ltd. raised its stake in General Mills, Inc. (NYSE:GIS) by 15.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 571,473 shares of the company’s stock after buying an additional 76,061 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in General Mills were worth $28,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of GIS. ProShare Advisors LLC increased its position in shares of General Mills by 7.1% in the second quarter. ProShare Advisors LLC now owns 129,137 shares of the company’s stock worth $6,691,000 after purchasing an additional 8,591 shares during the period. Allworth Financial LP lifted its position in General Mills by 6.0% during the second quarter. Allworth Financial LP now owns 23,246 shares of the company’s stock worth $1,204,000 after purchasing an additional 1,312 shares during the period. Vise Technologies Inc. acquired a new stake in General Mills during the second quarter worth about $910,000. National Pension Service increased its holdings in General Mills by 0.7% in the 2nd quarter. National Pension Service now owns 886,354 shares of the company’s stock valued at $45,922,000 after buying an additional 6,275 shares during the period. Finally, Everett Harris & Co. CA increased its holdings in General Mills by 26.2% in the 2nd quarter. Everett Harris & Co. CA now owns 6,210 shares of the company’s stock valued at $322,000 after buying an additional 1,290 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company downgraded shares of General Mills from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $45.00 to $35.00 in a report on Thursday. Mizuho set a $47.00 price objective on shares of General Mills in a research report on Monday, February 23rd. Morgan Stanley cut their target price on General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 18th. Barclays reduced their target price on General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Finally, Weiss Ratings lowered General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $49.58.

Insider Transactions 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 shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

General Mills Price Performance

General Mills stock opened at $39.40 on Friday. The stock has a 50-day moving average price of $45.10 and a two-hundred day moving average price of $47.10. General Mills, Inc. has a 12 month low of $39.29 and a 12 month high of $62.61. The company has a market capitalization of $21.02 billion, a PE ratio of 8.47 and a beta of -0.05. 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 (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping 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 business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 6.2%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is 52.47%.

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.