Garde Capital Inc. Boosts Holdings in General Mills, Inc. $GIS

Garde Capital Inc. lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 101.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 524 shares of the company’s stock after purchasing an additional 264 shares during the period. Garde Capital Inc.’s holdings in General Mills were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of General Mills by 434.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock worth $1,138,473,000 after acquiring an additional 15,480,835 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of General Mills by 8.1% during the 1st quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock worth $589,814,000 after acquiring an additional 741,432 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of General Mills by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,161,951 shares of the company’s stock worth $428,213,000 after acquiring an additional 315,375 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of General Mills by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,986,128 shares of the company’s stock worth $417,674,000 after acquiring an additional 634,393 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of General Mills by 8.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,846,576 shares of the company’s stock worth $436,606,000 after acquiring an additional 561,731 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GIS shares. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus reduced their price target on shares of General Mills from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. JPMorgan Chase & Co. restated an “underweight” rating and set a $45.00 price target (down previously from $53.00) on shares of General Mills in a research report on Wednesday, August 20th. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. Finally, Barclays reduced their price target on shares of General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, June 26th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.13.

General Mills Stock Down 1.4%

GIS stock opened at $49.92 on Friday. The company has a market cap of $27.08 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.28 and a beta of -0.02. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. General Mills, Inc. has a 12 month low of $48.29 and a 12 month high of $75.66. The firm has a 50-day moving average of $49.97 and a two-hundred day moving average of $54.17.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The company 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%. General Mills’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.60. General Mills’s payout ratio 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.