Russell Investments Group Ltd. Purchases 22,053 Shares of General Mills, Inc. $GIS

Key Points

• Russell Investments Group Ltd. increased its stake in General Mills, Inc. by 5.7% during the first quarter, now holding approximately 0.07% of the company, valued at $24.58 million.
• Institutional ownership accounts for 75.71% of General Mills' stock, with notable increases from firms like Charles Schwab Investment Management, which raised its stake by 434.8%.
• General Mills announced a dividend increase to $0.61 per share, reflecting a yield of 4.9%, indicating a commitment to returning value to shareholders.

Russell Investments Group Ltd. lifted its holdings in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 411,842 shares of the company's stock after buying an additional 22,053 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of General Mills worth $24,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIS. Regal Investment Advisors LLC raised its holdings in General Mills by 9.6% during the fourth quarter. Regal Investment Advisors LLC now owns 5,580 shares of the company's stock worth $356,000 after purchasing an additional 487 shares in the last quarter. NewEdge Advisors LLC raised its holdings in General Mills by 8.2% during the fourth quarter. NewEdge Advisors LLC now owns 39,429 shares of the company's stock worth $2,514,000 after purchasing an additional 2,983 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in General Mills by 1,096.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 598 shares of the company's stock worth $39,000 after purchasing an additional 548 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in General Mills by 17.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 714,093 shares of the company's stock worth $45,502,000 after purchasing an additional 104,366 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in General Mills by 15.6% during the fourth quarter. GeoWealth Management LLC now owns 8,006 shares of the company's stock worth $511,000 after purchasing an additional 1,080 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GIS shares. Barclays dropped their target price on General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a report on Thursday, June 26th. Royal Bank Of Canada raised General Mills from a "sector perform" rating to an "outperform" rating and dropped their price target for the company from $67.00 to $63.00 in a report on Thursday, June 26th. UBS Group dropped their price target on General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a report on Thursday, June 26th. Bank of America dropped their price target on General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $51.00 price target (down previously from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, General Mills has a consensus rating of "Hold" and an average target price of $59.13.

General Mills Stock Down 0.3%

GIS stock traded down $0.1250 during mid-day trading on Wednesday, hitting $49.7850. The stock had a trading volume of 3,262,526 shares, compared to its average volume of 5,586,253. The stock has a market capitalization of $27.00 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.24 and a beta of -0.01. General Mills, Inc. has a 1-year low of $48.59 and a 1-year high of $75.90. The company has a fifty day moving average of $51.11 and a 200 day moving average of $55.37. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38.

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. The firm had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. General Mills's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.01 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a $0.61 dividend. This is a boost from General Mills's previous quarterly dividend of $0.60. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, July 10th. General Mills's dividend payout ratio is currently 59.51%.

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.