Quantbot Technologies LP Boosts Holdings in General Mills, Inc. $GIS

Key Points

• Quantbot Technologies LP significantly increased its position in General Mills by 978.0% during the first quarter, now owning 134,914 shares valued at approximately $8.07 million.
• General Mills reported a net margin of 11.78% for the quarter with earnings per share at $0.74, exceeding estimates of $0.72.
• The company also announced a dividend increase to $0.61 per share, reflecting a yield of 4.9% and a dividend payout ratio of 59.51%.

Quantbot Technologies LP boosted its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 978.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,914 shares of the company's stock after purchasing an additional 122,399 shares during the quarter. Quantbot Technologies LP's holdings in General Mills were worth $8,067,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GIS. Perpetual Ltd boosted its stake in General Mills by 3.5% during the 1st quarter. Perpetual Ltd now owns 5,411 shares of the company's stock worth $324,000 after purchasing an additional 184 shares during the period. Conning Inc. boosted its stake in General Mills by 4.6% during the 1st quarter. Conning Inc. now owns 4,212 shares of the company's stock worth $252,000 after purchasing an additional 185 shares during the period. Benjamin Edwards Inc. boosted its stake in General Mills by 0.4% during the 1st quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company's stock worth $3,127,000 after purchasing an additional 185 shares during the period. Eastern Bank boosted its stake in General Mills by 0.8% during the 1st quarter. Eastern Bank now owns 24,817 shares of the company's stock worth $1,484,000 after purchasing an additional 186 shares during the period. Finally, SPC Financial Inc. boosted its stake in General Mills by 1.5% during the 1st quarter. SPC Financial Inc. now owns 13,452 shares of the company's stock worth $804,000 after purchasing an additional 193 shares during the period. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Price Performance

Shares of GIS traded up $0.3260 during trading hours on Friday, reaching $50.1360. The company had a trading volume of 3,869,399 shares, compared to its average volume of 5,583,764. The firm has a 50 day simple moving average of $50.92 and a 200-day simple moving average of $55.26. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.25 and a beta of -0.01. General Mills, Inc. has a 12-month low of $48.59 and a 12-month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results 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 business 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 business's revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts expect 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. Stockholders of record on Thursday, July 10th were issued a $0.61 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from General Mills's previous quarterly dividend of $0.60. General Mills's payout ratio is 59.51%.

Analyst Ratings Changes

A number of brokerages recently weighed in on GIS. Stifel Nicolaus decreased their price target on shares of General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Morgan Stanley reiterated an "underweight" rating and set a $51.00 price target (down previously from $53.00) on shares of General Mills in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of General Mills from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. restated an "underweight" rating and issued a $45.00 target price (down previously from $53.00) on shares of General Mills in a research note on Wednesday. Finally, Bank of America reduced their target price on shares of General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $59.13.

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.