Chelsea Counsel Co. Sells 13,700 Shares of General Mills, Inc. $GIS

Key Points

• Chelsea Counsel Co. drastically reduced its stake in General Mills, Inc. by 93.8%, leaving them with only 900 shares valued at $54,000.
• General Mills has faced mixed analyst ratings, with a consensus target price of $59.13, while four analysts rated it as a Buy and others issued Hold and Sell ratings.
• The company recently increased its quarterly dividend to $0.61 per share, reflecting a yield of 4.9% and a payout ratio of 59.51%.

Chelsea Counsel Co. trimmed its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 93.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 900 shares of the company's stock after selling 13,700 shares during the period. Chelsea Counsel Co.'s holdings in General Mills were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GIS. Jefferies Financial Group Inc. bought a new position in General Mills during the fourth quarter valued at $3,475,000. Janus Henderson Group PLC grew its holdings in General Mills by 5.9% during the fourth quarter. Janus Henderson Group PLC now owns 90,678 shares of the company's stock valued at $5,781,000 after purchasing an additional 5,090 shares during the period. Interval Partners LP bought a new position in General Mills during the fourth quarter valued at $241,000. Laird Norton Wetherby Wealth Management LLC grew its holdings in General Mills by 17.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,745 shares of the company's stock valued at $1,259,000 after purchasing an additional 2,904 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in General Mills by 411.2% during the fourth quarter. Lazard Asset Management LLC now owns 229,334 shares of the company's stock valued at $14,624,000 after purchasing an additional 184,472 shares during the period. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

NYSE:GIS traded down $0.69 during trading hours on Friday, hitting $49.92. 4,339,821 shares of the company's stock traded hands, compared to its average volume of 5,420,163. The firm has a market cap of $27.08 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.28 and a beta of -0.02. General Mills, Inc. has a 52 week low of $48.29 and a 52 week high of $75.66. The business's fifty day simple moving average is $49.97 and its two-hundred day simple moving average is $54.21. The company has a quick ratio of 0.43, a current ratio of 0.67 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 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 during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The firm's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The company 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 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. The ex-dividend date of this dividend was Thursday, July 10th. General Mills's dividend payout ratio is presently 59.51%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GIS. Morgan Stanley reissued an "underweight" rating and set a $51.00 price objective (down from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Stifel Nicolaus cut their price target on General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Barclays cut their price target on General Mills from $60.00 to $54.00 and set an "equal weight" rating for the company in a report on Thursday, June 26th. Bank of America cut their price target on General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Finally, Wall Street Zen lowered General Mills from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $59.13.

General Mills 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.