General Mills, Inc. $GIS Stock Sold by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group cut its General Mills position by 75% in the third quarter, selling 86,239 shares and retaining 28,702 shares worth approximately $914,000. Institutional investors still own 75.71% of the stock.
• General Mills reported quarterly EPS of $0.75, exceeding analysts’ $0.72 estimate, while revenue reached $4.39 billion. However, revenue declined 2.8% year over year, highlighting ongoing growth concerns.
• The company declared a quarterly dividend of $0.61, equivalent to an annualized $2.44 payout and a 7.1% yield. Analyst sentiment remains cautious, with an average “Reduce” rating and a $36.59 target price.

Quadrant Capital Group LLC trimmed its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 75.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,702 shares of the company's stock after selling 86,239 shares during the period. Quadrant Capital Group LLC's holdings in General Mills were worth $914,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GIS. MCF Advisors LLC raised its position in General Mills by 7.8% in the 2nd quarter. MCF Advisors LLC now owns 3,812 shares of the company's stock worth $133,000 after purchasing an additional 277 shares during the period. Triumph Capital Management boosted its position in shares of General Mills by 45.0% during the second quarter. Triumph Capital Management now owns 915 shares of the company's stock valued at $32,000 after buying an additional 284 shares during the period. HB Wealth Management LLC boosted its position in shares of General Mills by 0.6% during the first quarter. HB Wealth Management LLC now owns 48,145 shares of the company's stock valued at $1,792,000 after buying an additional 309 shares during the period. Union Savings Bank grew its stake in shares of General Mills by 23.7% during the third quarter. Union Savings Bank now owns 1,701 shares of the company's stock valued at $55,000 after buying an additional 326 shares during the last quarter. Finally, Clearstead Trust LLC grew its stake in shares of General Mills by 73.8% during the first quarter. Clearstead Trust LLC now owns 810 shares of the company's stock valued at $30,000 after buying an additional 344 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Performance

General Mills stock opened at $34.39 on Friday. The company has a 50 day moving average price of $35.93 and a 200-day moving average price of $35.55. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.39 and a current ratio of 0.70. General Mills, Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $49.59. The company has a market capitalization of $18.39 billion, a PE ratio of -20.71, a P/E/G ratio of 1.86 and a beta of 0.03.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.03. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. General Mills's quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities analysts forecast that General Mills, Inc. will post 3.08 earnings per share for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, October 13th. General Mills's dividend payout ratio is currently -146.99%.

Key Stories Impacting General Mills

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: Expansion into high-protein snacking: General Mills has launched EPIC Sticks, a four-flavor meat-snack line made with grass-fed beef or free-range chicken. Its gluten-free, dairy-free and Paleo-friendly positioning gives the company exposure to growing demand for convenient, protein-rich snacks and could broaden EPIC’s shelf presence. How EPIC Sticks Launch At General Mills Has Changed Its Investment Story
• Positive Sentiment: Recent earnings modestly exceeded expectations: General Mills previously reported adjusted earnings of $0.75 per share versus the $0.72 consensus estimate, while revenue of $4.39 billion also topped forecasts. The stock was reported to be about 1% higher since that earnings release, although analysts are watching whether estimates support continued momentum. General Mills Up 1% Since Last Earnings Report: Can It Continue?
• Neutral Sentiment: Valuation debate: Commentary suggests the stock’s roughly 38% three-year decline may have reset expectations, but investors still need evidence that General Mills can stabilize its sales base and restore growth. General Mills Stock Seems About Right On Its 38% Slide
• Negative Sentiment: Fundamental and competitive concerns remain: General Mills faces established food giants and agile snack competitors, including Chomps and PepsiCo’s Good Warrior. Revenue in the latest reported quarter declined 2.8% year over year, and commentary questioning the company’s fundamentals could limit investor enthusiasm despite new product launches. 3 Mid-Cap Stocks With Questionable Fundamentals

Analyst Ratings Changes

Several brokerages have recently weighed in on GIS. Royal Bank Of Canada reiterated an "outperform" rating and issued a $45.00 price target on shares of General Mills in a report on Monday, September 21st. Jefferies Financial Group set a $35.00 price objective on General Mills in a report on Thursday, September 10th. Evercore set a $38.00 price objective on General Mills in a research report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $34.00 target price (up from $33.00) on shares of General Mills in a research note on Thursday, September 24th. Finally, Wells Fargo & Company lifted their target price on General Mills from $30.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $36.59.

General Mills Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its portfolio includes cereal, snack foods, refrigerated and baking products, yogurt, soup, meals, and pet food. The company's brands include Cheerios, Cinnamon Toast Crunch, Nature Valley, Betty Crocker, Pillsbury, Yoplait, Old El Paso, Progresso, Annie's, Totino's, Häagen-Dazs, and Blue Buffalo.

General Mills sells products through grocery stores, mass merchandisers, convenience stores, e-commerce channels, restaurants, and other foodservice outlets.

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