Fieldview Capital Management LLC Invests $1.94 Million in General Mills, Inc. $GIS

Key Points

• Fieldview Capital Management initiated a new position in General Mills during Q3, purchasing 38,402 shares worth approximately $1.94 million.
• General Mills beat quarterly EPS expectations with $1.10 (consensus $1.03) on $4.86 billion in revenue (down 7.2% YoY) and set FY2026 guidance of EPS $3.58–3.79.
• The stock yields 5.6% (quarterly dividend $0.61), is ~75.7% institutionally owned, and carries a consensus analyst rating of "Hold" with a $50.42 price target.

Fieldview Capital Management LLC purchased a new position in General Mills, Inc. (NYSE:GIS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,402 shares of the company's stock, valued at approximately $1,936,000.

A number of other hedge funds have also recently made changes to their positions in GIS. Vanguard Group Inc. grew its stake in General Mills by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company's stock worth $3,592,828,000 after acquiring an additional 581,045 shares in the last quarter. State Street Corp increased its position in shares of General Mills by 0.8% during the second quarter. State Street Corp now owns 33,572,271 shares of the company's stock worth $1,739,379,000 after acquiring an additional 250,113 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of General Mills by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company's stock valued at $1,000,299,000 after acquiring an additional 265,870 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of General Mills by 1.1% during the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company's stock valued at $786,954,000 after acquiring an additional 170,587 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of General Mills by 15.9% in the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company's stock valued at $494,548,000 after purchasing an additional 1,368,041 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Down 1.9%

NYSE GIS opened at $43.43 on Tuesday. General Mills, Inc. has a 52 week low of $42.78 and a 52 week high of $67.35. The company has a 50 day moving average price of $45.45 and a 200 day moving average price of $47.26. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The firm has a market cap of $23.17 billion, a PE ratio of 9.34 and a beta of -0.05.

General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm earned $1.40 earnings per share. General Mills's revenue was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.6%. General Mills's dividend payout ratio (DPR) is presently 52.47%.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business's stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GIS. UBS Group set a $46.00 price target on General Mills in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $51.00 price objective on shares of General Mills in a report on Thursday, December 18th. Wells Fargo & Company dropped their target price on shares of General Mills from $49.00 to $45.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 18th. TD Cowen cut their target price on shares of General Mills from $47.00 to $45.00 and set a "hold" rating on the stock in a research report on Wednesday, February 18th. Finally, Stifel Nicolaus reduced their price target on shares of General Mills from $52.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, General Mills has a consensus rating of "Hold" and a consensus target price of $50.42.

General Mills Profile

General Mills, Inc NYSE: GIS is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company's portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

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