North Star Investment Management Corp. Acquires 42,986 Shares of General Mills, Inc. $GIS

Key Points

• North Star Investment Management boosted its stake in General Mills by 255.8%, purchasing an additional 42,986 shares to own 59,791 shares worth about $3.015 million at quarter end.
• General Mills declared a quarterly dividend of $0.61 (annualized $2.44), yielding about 5.5%; shareholders of record on Jan. 9 will be paid on Feb. 2.
• The company beat Q results with $1.10 EPS vs. $1.03 expected and $4.86B revenue, set FY26 guidance of $3.58–$3.79 EPS, but revenue was down 7.2% YoY and the stock trades near its 52‑week low (~$44.35) with a P/E of 9.54.

North Star Investment Management Corp. lifted its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 255.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,791 shares of the company's stock after purchasing an additional 42,986 shares during the period. North Star Investment Management Corp.'s holdings in General Mills were worth $3,015,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GIS. Garde Capital Inc. grew its position in shares of General Mills by 101.5% during the 2nd quarter. Garde Capital Inc. now owns 524 shares of the company's stock worth $27,000 after buying an additional 264 shares during the period. Davis Capital Management acquired a new stake in shares of General Mills in the 3rd quarter valued at approximately $29,000. Armstrong Advisory Group Inc. bought a new position in General Mills during the 2nd quarter worth approximately $32,000. Financial Consulate Inc. acquired a new position in General Mills during the third quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC increased 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 purchasing an additional 591 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

General Mills Trading Down 3.0%

NYSE GIS opened at $44.37 on Tuesday. General Mills, Inc. has a 52 week low of $44.35 and a 52 week high of $67.35. 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 stock's 50 day moving average price is $46.83 and its two-hundred day moving average price is $48.93. The stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.85 and a beta of -0.06.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.07. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business's revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, January 9th. General Mills's payout ratio is presently 52.47%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GIS. Jefferies Financial Group reduced their price target on shares of General Mills from $50.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, December 11th. Mizuho reduced their target price on General Mills from $57.00 to $52.00 and set a "neutral" rating on the stock in a report on Friday, September 19th. Piper Sandler reissued an "overweight" rating and issued a $60.00 target price on shares of General Mills in a research note on Thursday, December 18th. Sanford C. Bernstein set a $54.00 price target on General Mills and gave the stock a "market perform" rating in a research report on Thursday, December 18th. Finally, Wells Fargo & Company decreased their price objective on General Mills from $51.00 to $49.00 and set an "equal weight" rating for the company in a research report on Monday. Five analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, General Mills has an average rating of "Hold" and a consensus target price of $53.33.

Insider Activity at General Mills

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

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.

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