Landscape Capital Management L.L.C. Makes New Investment in General Mills, Inc. $GIS

Key Points

• Landscape Capital Management purchased 187,877 General Mills shares during the second quarter, valued at approximately $6.54 million. Institutional investors collectively own 75.71% of the company.
• General Mills reported quarterly earnings of $0.95 per share, beating estimates of $0.80, while revenue rose 1.2% year over year to $4.61 billion.
• The company pays a quarterly dividend of $0.61 per share, or $2.44 annually, representing a 6.1% yield. Analysts remain cautious, with an average “Reduce” rating and a $39.16 price target.

Landscape Capital Management L.L.C. purchased a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 187,877 shares of the company's stock, valued at approximately $6,538,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Reflection Asset Management bought a new position in General Mills during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills in the 4th quarter valued at about $26,000. Brown Shipley& Co Ltd bought a new stake in shares of General Mills in the 1st quarter valued at about $26,000. Silvant Capital Management LLC purchased a new stake in shares of General Mills in the 2nd quarter worth approximately $26,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company's stock worth $27,000 after purchasing an additional 337 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Stock Up 1.0%

Shares of General Mills stock opened at $39.99 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The company has a market cap of $21.38 billion, a P/E ratio of -222.15 and a beta of -0.03. The firm's 50 day moving average price is $36.64 and its 200-day moving average price is $37.77. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.15. The company had revenue of $4.61 billion during the quarter, compared to analysts' expectations of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. General Mills's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, July 10th. General Mills's dividend payout ratio is currently -1,355.56%.

Analyst Ratings Changes

Several brokerages recently issued reports on GIS. Bank of America lifted their price objective on shares of General Mills from $36.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. BNP Paribas Exane upped their target price on General Mills from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. UBS Group set a $33.00 target price on General Mills in a research report on Monday, July 6th. Weiss Ratings upgraded General Mills from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. boosted their price target on General Mills from $31.00 to $35.00 and gave the stock an "underweight" rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, General Mills presently has an average rating of "Reduce" and an average price target of $39.16.

About General Mills

General Mills, Inc NYSE: GIS is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company's portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source