14,540 Shares in General Mills, Inc. $GIS Acquired by American Trust Investment Advisors LLC

Key Points

• American Trust Investment Advisors LLC has acquired 14,540 shares of General Mills, Inc. (GIS), valued at approximately $869,000.
• General Mills recently reported earnings of $0.74 per share, exceeding the consensus estimate of $0.72, with a net margin of 11.78% for the quarter.
• The company increased its quarterly dividend from $0.60 to $0.61, representing an annual yield of 4.9% and a payout ratio of 59.51%.

American Trust Investment Advisors LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,540 shares of the company's stock, valued at approximately $869,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Perpetual Ltd raised its holdings in General Mills by 3.5% during the first quarter. Perpetual Ltd now owns 5,411 shares of the company's stock worth $324,000 after purchasing an additional 184 shares in the last quarter. Conning Inc. raised its holdings in General Mills by 4.6% during the first quarter. Conning Inc. now owns 4,212 shares of the company's stock worth $252,000 after purchasing an additional 185 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in General Mills by 0.4% during 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 in the last quarter. Eastern Bank raised its holdings in General Mills by 0.8% during 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% during 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. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Stock Performance

Shares of GIS opened at $49.30 on Wednesday. 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 $26.74 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.24 and a beta of -0.02. The company's fifty day moving average is $50.29 and its two-hundred day moving average is $54.70. General Mills, Inc. has a 1 year low of $48.29 and a 1 year high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $4.56 billion for the quarter, compared to analysts' expectations of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. General Mills's revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIS. Stifel Nicolaus cut their price objective on shares of General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. The Goldman Sachs Group cut shares of General Mills from a "buy" rating to a "neutral" rating and cut their target price for the company from $68.00 to $58.00 in a report on Monday, June 9th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $45.00 target price (down from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Royal Bank Of Canada raised shares of General Mills from a "sector perform" rating to an "outperform" rating and cut their target price for the company from $67.00 to $63.00 in a report on Thursday, June 26th. Finally, Bank of America cut their target price on shares of General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $59.13.

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.

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