General Mills, Inc. $GIS Shares Acquired by Value Partners Investments Inc.

Value Partners Investments Inc. increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 23.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,000 shares of the company’s stock after buying an additional 14,000 shares during the period. Value Partners Investments Inc.’s holdings in General Mills were worth $3,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Garde Capital Inc. lifted its holdings in General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after purchasing an additional 264 shares in the last quarter. Perkins Coie Trust Co increased its stake in shares of General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Mills during the 1st quarter worth about $34,000. GKV Capital Management Co. Inc. acquired a new position in shares of General Mills during the 1st quarter worth about $34,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in General Mills in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stifel Nicolaus cut their price objective on General Mills from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Morgan Stanley reaffirmed an “underweight” rating and issued a $51.00 price target (down from $53.00) on shares of General Mills in a research note on Tuesday, June 24th. Barclays reduced their price objective on 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. Bank of America decreased their price objective on General Mills from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Thursday, June 26th. Finally, UBS Group reduced their target price on shares of General Mills from $52.00 to $49.00 and set a “sell” rating for the company in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $59.13.

General Mills Trading Down 1.4%

GIS opened at $49.92 on Friday. The business’s 50 day moving average price is $49.97 and its 200 day moving average price is $54.17. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67. The stock has a market capitalization of $27.08 billion, a PE ratio of 12.18, a P/E/G ratio of 1.28 and a beta of -0.02. General Mills, Inc. has a one year low of $48.29 and a one year high of $75.66.

General Mills (NYSE:GIS) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.9%. This is a boost from General Mills’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, July 10th. General Mills’s payout ratio is 59.51%.

General Mills Profile

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.