Banque Transatlantique SA Makes New $497,000 Investment in General Mills, Inc. $GIS

Key Points

• Banque Transatlantique SA acquired 8,995 shares of General Mills, valued at approximately $497,000, during the first quarter, according to its SEC filing.
• General Mills recently increased its quarterly dividend to $0.61 per share, representing a 4.9% dividend yield.
• The company reported a net margin of 11.78% and a return on equity of 24.88% in its latest quarterly earnings, although revenue decreased by 3.3% year-over-year.

Banque Transatlantique SA purchased a new position in General Mills, Inc. (NYSE:GIS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,995 shares of the company's stock, valued at approximately $497,000.

Other large investors also recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new position in General Mills during the fourth quarter valued at approximately $521,000. Centiva Capital LP boosted its holdings in shares of General Mills by 149.0% during the 4th quarter. Centiva Capital LP now owns 9,184 shares of the company's stock worth $586,000 after buying an additional 5,495 shares during the period. Cetera Investment Advisers grew its stake in General Mills by 4.2% in the 4th quarter. Cetera Investment Advisers now owns 210,649 shares of the company's stock valued at $13,433,000 after buying an additional 8,540 shares during the last quarter. Crestline Management LP raised its holdings in General Mills by 114.1% in the 4th quarter. Crestline Management LP now owns 25,541 shares of the company's stock worth $1,629,000 after acquiring an additional 13,613 shares during the period. Finally, Deerfield Management Company L.P. Series C acquired a new position in General Mills during the 4th quarter worth $220,000. Institutional investors own 75.71% of the company's stock.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of recent analyst reports. Morgan Stanley restated an "underweight" rating and set a $51.00 price target (down from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Zacks Research upgraded General Mills from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. UBS Group dropped their price target 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. Wall Street Zen lowered General Mills from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Finally, Barclays lowered their price objective on shares of General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Thursday, June 26th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, General Mills presently has an average rating of "Hold" and an average target price of $59.13.

General Mills Stock Performance

GIS traded down $0.04 during trading on Tuesday, reaching $50.08. 1,783,321 shares of the company's stock were exchanged, compared to its average volume of 5,577,582. The company has a market capitalization of $27.16 billion, a P/E ratio of 12.22, a PEG ratio of 1.28 and a beta of -0.02. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $50.22 and a 200 day moving average price of $54.42. General Mills, Inc. has a fifty-two week low of $48.29 and a fifty-two week 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 analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $4.56 billion during 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%. The business's revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The firm also recently declared 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 is a positive change from General Mills's previous quarterly dividend of $0.60. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, July 10th. General Mills's dividend payout ratio is 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.