Janus Henderson Group PLC Raises Holdings in General Mills, Inc. $GIS

Janus Henderson Group PLC increased its position in General Mills, Inc. (NYSE:GIS) by 58.4% in the 1st quarter, HoldingsChannel reports. The fund owned 90,129 shares of the company’s stock after purchasing an additional 33,238 shares during the period. Janus Henderson Group PLC’s holdings in General Mills were worth $3,356,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. Norges Bank purchased a new stake in shares of General Mills during the 4th quarter valued at approximately $361,552,000. Wellington Management Group LLP grew its stake in General Mills by 2,970.1% in the 4th quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after buying an additional 7,223,487 shares in the last quarter. AQR Capital Management LLC raised its holdings in General Mills by 366.1% during the 4th quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after acquiring an additional 4,019,319 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in shares of General Mills during the second quarter worth $84,862,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of General Mills by 61.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock worth $192,589,000 after acquiring an additional 1,573,444 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GIS shares. Stifel Nicolaus reduced their price target on General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. BTIG Research initiated coverage on General Mills in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Jefferies Financial Group lifted their target price on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, July 1st. Barclays decreased their price target on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Finally, Morgan Stanley lowered their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $39.16.

General Mills Stock Performance

NYSE:GIS opened at $36.81 on Friday. The business’s 50-day moving average price is $35.56 and its two-hundred day moving average price is $38.18. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33. The stock has a market cap of $19.64 billion, a P/E ratio of -204.47 and a beta of -0.03. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.General Mills’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.6%. General Mills’s dividend payout ratio is presently -1,355.56%.

Insiders Place Their Bets

In related news, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the transaction, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. The trade was a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

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.