Quantbot Technologies LP Acquires Shares of 50,678 General Mills, Inc. $GIS

Quantbot Technologies LP acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,678 shares of the company’s stock, valued at approximately $1,764,000.

A number of other institutional investors also recently modified their holdings of GIS. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in General Mills by 1.9% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock valued at $565,000 after purchasing an additional 225 shares in the last quarter. Allegheny Financial Group raised its holdings in General Mills by 4.8% during the fourth quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after buying an additional 226 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its stake in shares of General Mills by 0.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in shares of General Mills by 3.7% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock valued at $320,000 after buying an additional 247 shares in the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of General Mills by 5.7% during the fourth quarter. Montag A & Associates Inc. now owns 4,648 shares of the company’s stock valued at $216,000 after buying an additional 249 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on GIS. JPMorgan Chase & Co. boosted their target price on shares of General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Morgan Stanley dropped their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, June 5th. UBS Group set a $33.00 price target on General Mills in a research note on Monday, July 6th. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, TD Cowen lowered their price objective on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, General Mills presently has an average rating of “Reduce” and an average price target of $39.16.

General Mills Stock Performance

NYSE GIS opened at $40.92 on Tuesday. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of -227.32 and a beta of -0.03. The company has a fifty day moving average price of $36.77 and a 200-day moving average price of $37.67.

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

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.0%. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

About General Mills

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.