Venture Visionary Partners LLC Reduces Stake in General Mills, Inc. $GIS

Key Points

• Venture Visionary Partners LLC sold 54.8% of its shares in General Mills, reducing its holdings to 6,546 shares valued at $391,000, according to the latest 13F filing.
• General Mills has recently announced a quarterly dividend increase to $0.61 per share, which translates to an annualized yield of 4.9% and a payout ratio of 59.51%.
• Despite a decline in quarterly revenue by 3.3%, General Mills reported an earnings per share (EPS) of $0.74, exceeding analysts' expectations of $0.72.

Venture Visionary Partners LLC lessened its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 54.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,546 shares of the company's stock after selling 7,922 shares during the period. Venture Visionary Partners LLC's holdings in General Mills were worth $391,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GIS. OneDigital Investment Advisors LLC lifted its holdings in shares of General Mills by 29.6% during the fourth quarter. OneDigital Investment Advisors LLC now owns 13,198 shares of the company's stock worth $842,000 after purchasing an additional 3,012 shares during the period. Dark Forest Capital Management LP lifted its holdings in General Mills by 95.6% in the fourth quarter. Dark Forest Capital Management LP now owns 9,329 shares of the company's stock valued at $595,000 after buying an additional 4,559 shares during the period. MGO One Seven LLC lifted its holdings in General Mills by 3.9% in the fourth quarter. MGO One Seven LLC now owns 33,342 shares of the company's stock valued at $2,126,000 after buying an additional 1,247 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in General Mills by 52.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 22,900 shares of the company's stock valued at $1,460,000 after buying an additional 7,911 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in General Mills by 1.1% in the fourth quarter. Voya Investment Management LLC now owns 306,181 shares of the company's stock valued at $19,525,000 after buying an additional 3,440 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Stock Up 0.7%

GIS stock traded up $0.3260 during trading on Friday, reaching $50.1360. The stock had a trading volume of 3,871,453 shares, compared to its average volume of 5,435,833. General Mills, Inc. has a one year low of $48.59 and a one year high of $75.90. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The company's 50 day moving average is $50.85 and its two-hundred day moving average is $55.17. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.27 and a beta of -0.01.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data 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. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the prior year, the firm posted $1.01 EPS. The firm's quarterly revenue was down 3.3% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. 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. General Mills's payout ratio is currently 59.51%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GIS. UBS Group dropped their target price on shares of General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a report on Thursday, June 26th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $45.00 price target (down from $53.00) on shares of General Mills in a research note on Wednesday. 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. The Goldman Sachs Group downgraded shares of General Mills from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Finally, Wells Fargo & Company set a $53.00 target price on shares of General Mills and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, General Mills presently has an average rating of "Hold" and an average 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.