CreativeOne Wealth LLC Acquires 20,492 Shares of General Mills, Inc. $GIS

Key Points

• CreativeOne Wealth LLC increased its stake in General Mills by 100.1%, owning 40,966 shares valued at approximately $2.45 million as of the latest reporting period.
• General Mills reported $0.74 earnings per share for the last quarter, exceeding analyst expectations, but its revenue decreased by 3.3% compared to the same period last year.
• The company has recently raised its quarterly dividend to $0.61, yielding 5.0%, reflecting a commitment to returning value to shareholders amid challenging market conditions.

CreativeOne Wealth LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 100.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,966 shares of the company's stock after buying an additional 20,492 shares during the period. CreativeOne Wealth LLC's holdings in General Mills were worth $2,449,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GIS. Redwood Investment Management LLC acquired a new stake in shares of General Mills during the 1st quarter valued at $1,697,000. FORA Capital LLC raised its position in shares of General Mills by 75.8% during the first quarter. FORA Capital LLC now owns 54,052 shares of the company's stock worth $3,232,000 after purchasing an additional 23,304 shares during the period. Widmann Financial Services Inc. lifted its holdings in shares of General Mills by 7.8% during the first quarter. Widmann Financial Services Inc. now owns 17,446 shares of the company's stock valued at $1,043,000 after purchasing an additional 1,263 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of General Mills by 31.7% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 798,485 shares of the company's stock valued at $47,741,000 after purchasing an additional 192,122 shares during the period. Finally, Apexium Financial LP acquired a new position in shares of General Mills in the 1st quarter valued at $868,000. Institutional investors own 75.71% of the company's stock.

General Mills Stock Up 1.7%

Shares of GIS stock traded up $0.85 during trading on Monday, hitting $49.29. 4,877,599 shares of the company were exchanged, compared to its average volume of 5,567,126. The business's 50-day simple moving average is $50.46 and its 200 day simple moving average is $54.80. General Mills, Inc. has a twelve month low of $48.29 and a twelve month high of $75.90. The firm has a market capitalization of $26.73 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.24 and a beta of -0.02. 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 (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The company's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were given a dividend of $0.61 per share. 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. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. General Mills's payout ratio is 59.51%.

Analyst Ratings Changes

Several analysts have issued reports on GIS shares. Royal Bank Of Canada upgraded General Mills from a "sector perform" rating to an "outperform" rating and cut their price objective for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. The Goldman Sachs Group lowered shares of General Mills from a "buy" rating to a "neutral" rating and cut their price target for the company from $68.00 to $58.00 in a report on Monday, June 9th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $45.00 price target (down previously from $53.00) on shares of General Mills in a research report on Wednesday, August 20th. Morgan Stanley reiterated an "underweight" rating and set a $51.00 price objective (down from $53.00) on shares of General Mills in a research report on Tuesday, June 24th. Finally, Stifel Nicolaus cut their target price on shares of General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.