Ransom Advisory Ltd Acquires New Holdings in General Mills, Inc. $GIS

Key Points

• Ransom Advisory Ltd recently acquired 8,464 shares of General Mills, Inc. (NYSE:GIS) valued at approximately $506,000, indicating growing interest from institutional investors.
• General Mills reported a quarterly EPS of $0.74, exceeding analysts' expectations, and announced a dividend increase to $0.61, reflecting a positive shift in its financial performance.
• Analysts have adjusted their price targets for General Mills, with a consensus target price now set at $59.13, and ratings varying from "Buy" to "Sell" among different firms.

Ransom Advisory Ltd bought a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,464 shares of the company's stock, valued at approximately $506,000.

Several other hedge funds have also recently added to or reduced their stakes in GIS. Security National Bank of Sioux City Iowa IA raised its position in shares of General Mills by 8.3% during the first quarter. Security National Bank of Sioux City Iowa IA now owns 36,360 shares of the company's stock worth $2,174,000 after purchasing an additional 2,802 shares during the period. Advisory Alpha LLC boosted its stake in shares of General Mills by 7.8% during the 1st quarter. Advisory Alpha LLC now owns 10,913 shares of the company's stock worth $652,000 after acquiring an additional 793 shares during the period. 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 during the period. Empowered Funds LLC boosted its stake in General Mills by 29.3% in the 1st quarter. Empowered Funds LLC now owns 185,221 shares of the company's stock valued at $11,074,000 after purchasing an additional 41,930 shares during the period. Finally, MBB Public Markets I LLC bought a new stake in General Mills in the 1st quarter valued at $327,000. Institutional investors and hedge funds own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley lowered their price target on General Mills from $49.00 to $48.00 and set an "underweight" rating for the company in a report on Monday. UBS Group cut their target price on General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company set a $53.00 price objective on General Mills and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. The Goldman Sachs Group lowered General Mills from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $68.00 to $58.00 in a report on Monday, June 9th. Finally, Royal Bank Of Canada raised General Mills from a "sector perform" rating to an "outperform" rating and cut their price target for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $58.93.

General Mills Trading Down 0.9%

General Mills stock traded down $0.46 during midday trading on Monday, hitting $49.47. 2,175,422 shares of the stock were exchanged, compared to its average volume of 5,554,522. General Mills, Inc. has a fifty-two week low of $48.29 and a fifty-two week high of $75.66. The stock has a market capitalization of $26.83 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.26 and a beta of -0.02. The stock's 50-day simple moving average is $49.97 and its 200 day simple moving average is $54.13. 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 (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

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