37,333 Shares in General Mills, Inc. $GIS Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC acquired 37,333 shares of General Mills, valued at approximately $2.23 million in their first quarter filing.
• General Mills' recent quarterly earnings showed earnings per share of $0.74, slightly above the consensus estimate, but their revenue fell 3.3% year-over-year.
• The company increased its quarterly dividend from $0.60 to $0.61 per share, yielding 4.9% annually.

Campbell & CO Investment Adviser LLC bought a new position in General Mills, Inc. (NYSE:GIS - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 37,333 shares of the company's stock, valued at approximately $2,232,000.

Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in General Mills by 7.3% in the first quarter. Victory Capital Management Inc. now owns 522,576 shares of the company's stock worth $31,245,000 after buying an additional 35,494 shares during the period. Ameriprise Financial Inc. increased its position in General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after buying an additional 2,341,137 shares during the period. Commonwealth Equity Services LLC increased its position in General Mills by 7.8% in the first quarter. Commonwealth Equity Services LLC now owns 452,844 shares of the company's stock worth $27,076,000 after buying an additional 32,628 shares during the period. Rock Point Advisors LLC acquired a new stake in General Mills in the first quarter worth $3,610,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its position in General Mills by 126.1% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 774,134 shares of the company's stock worth $46,285,000 after buying an additional 431,693 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered General Mills from a "buy" rating to a "neutral" rating and lowered their price target for the company from $68.00 to $58.00 in a report on Monday, June 9th. Morgan Stanley reissued 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. Wall Street Zen raised General Mills from a "sell" rating to a "hold" rating in a report on Sunday, August 3rd. Royal Bank Of Canada raised General Mills from a "sector perform" rating to an "outperform" rating and lowered their price target for the company from $67.00 to $63.00 in a report on Thursday, June 26th. Finally, Stifel Nicolaus lowered their price target on General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $59.13.

General Mills Trading Up 1.7%

Shares of NYSE:GIS traded up $0.85 during midday trading on Friday, reaching $49.29. The company had a trading volume of 3,664,728 shares, compared to its average volume of 5,603,855. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67. General Mills, Inc. has a 1-year low of $48.29 and a 1-year high of $75.90. The firm has a market cap of $26.73 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.24 and a beta of -0.01. The company has a fifty day simple moving average of $50.53 and a two-hundred day simple moving average of $54.93.

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

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a $0.61 dividend. This is a positive change from General Mills's previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.0%. General Mills's dividend payout ratio is 59.51%.

General Mills Company 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.