Rep. Dan Newhouse Purchases Shares of General Mills, Inc. (NYSE:GIS)

Key Points

• Representative Dan Newhouse purchased shares of General Mills, Inc. (NYSE:GIS) worth between $1,001 and $15,000 on August 18th, as disclosed in a filing during September.
• General Mills recently reported earnings of $0.86 per share for the quarter, exceeding expectations, despite a 6.8% decline in year-over-year revenue.
• The company also declared a quarterly dividend of $0.61 per share, with an annualized yield of 4.9%, scheduled to be paid on November 3rd.

Representative Dan Newhouse (R-Washington) recently bought shares of General Mills, Inc. NYSE: GIS. In a filing disclosed on September 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in General Mills stock on August 18th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of ONEOK NYSE: OKE on 8/18/2025.
• Sold $1,001 - $15,000 in shares of RTX NYSE: RTX on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Ross Stores NASDAQ: ROST on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Brown & Brown NYSE: BRO on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of AMETEK NYSE: AME on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 8/18/2025.

General Mills Stock Down 0.9%

NYSE:GIS opened at $49.63 on Tuesday. The firm has a market capitalization of $26.47 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.26 and a beta of -0.02. General Mills, Inc. has a 1-year low of $48.29 and a 1-year high of $74.85. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The business's fifty day moving average price is $49.78 and its 200 day moving average price is $53.23.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, September 17th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.52 billion. General Mills had a return on equity of 23.46% and a net margin of 15.24%.General Mills's quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.07 earnings per share. On average, sell-side analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, October 10th. General Mills's payout ratio is presently 46.12%.

Hedge Funds Weigh In On General Mills

Several large investors have recently added to or reduced their stakes in GIS. Perpetual Ltd boosted its position in shares of General Mills by 3.5% in the first quarter. Perpetual Ltd now owns 5,411 shares of the company's stock worth $324,000 after acquiring an additional 184 shares during the last quarter. Conning Inc. boosted its position in shares of General Mills by 4.6% in the first quarter. Conning Inc. now owns 4,212 shares of the company's stock worth $252,000 after acquiring an additional 185 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of General Mills by 0.4% in the first quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company's stock worth $3,127,000 after acquiring an additional 185 shares during the last quarter. Eastern Bank boosted its position in shares of General Mills by 0.8% in the first quarter. Eastern Bank now owns 24,817 shares of the company's stock worth $1,484,000 after acquiring an additional 186 shares during the last quarter. Finally, SPC Financial Inc. boosted its position in shares of General Mills by 1.5% in the first quarter. SPC Financial Inc. now owns 13,452 shares of the company's stock worth $804,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Activity

In related news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the transaction, the insider owned 66,593 shares in the company, valued at approximately $3,332,313.72. This trade represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GIS. HSBC dropped their price target on General Mills from $59.00 to $57.00 and set a "hold" rating on the stock in a research report on Thursday, September 18th. Stifel Nicolaus lowered their target price on General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Wells Fargo & Company set a $53.00 target price on General Mills and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Barclays lowered their target price on General Mills from $54.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Friday, September 19th. Finally, The Goldman Sachs Group downgraded General Mills from a "buy" rating to a "neutral" rating and lowered their target price for the company from $68.00 to $58.00 in a research note on Monday, June 9th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $55.82.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

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