Empowered Funds LLC Buys 41,930 Shares of General Mills, Inc. $GIS

Empowered Funds LLC lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 29.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,221 shares of the company’s stock after buying an additional 41,930 shares during the quarter. Empowered Funds LLC’s holdings in General Mills were worth $11,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GIS. Perpetual Ltd grew its holdings in shares of General Mills by 3.5% during the 1st quarter. Perpetual Ltd now owns 5,411 shares of the company’s stock worth $324,000 after acquiring an additional 184 shares during the period. Conning Inc. boosted its position in shares of General Mills by 4.6% during the first quarter. Conning Inc. now owns 4,212 shares of the company’s stock valued at $252,000 after purchasing an additional 185 shares in the last quarter. Benjamin Edwards Inc. grew its stake in 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 purchasing an additional 185 shares during the period. Eastern Bank raised its holdings in 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 purchasing an additional 186 shares in the last quarter. Finally, SPC Financial Inc. raised its holdings in 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 purchasing an additional 193 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GIS. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada raised shares of General Mills from a “sector perform” rating to an “outperform” rating and dropped their price objective for the stock from $67.00 to $63.00 in a research note on Thursday, June 26th. Barclays decreased their target price on shares of General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, June 26th. Wall Street Zen lowered shares of General Mills from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Finally, Stifel Nicolaus cut their price target 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. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, General Mills currently has a consensus rating of “Hold” and a consensus target price of $59.13.

General Mills Stock Up 0.5%

Shares of General Mills stock opened at $50.35 on Wednesday. General Mills, Inc. has a twelve month low of $48.29 and a twelve month high of $75.90. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The company’s 50 day moving average is $50.16 and its 200 day moving average is $54.39. The company has a market cap of $27.31 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.26 and a beta of -0.02.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 4.8%. This is a boost from General Mills’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. General Mills’s dividend payout ratio (DPR) is currently 59.51%.

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.