Landscape Capital Management L.L.C. Sells 14,463 Shares of General Mills, Inc. $GIS

Key Points

• Landscape Capital Management L.L.C. reduced its holdings in General Mills, selling 14,463 shares and decreasing its position by 49.4%, leaving it with 14,806 shares valued at $885,000.
• Several institutional investors significantly increased their stakes in General Mills, with Charles Schwab Investment Management boosting its position by 434.8%, owning over 19 million shares worth approximately $1.1 billion.
• General Mills announced a quarterly dividend increase to $0.61 per share, representing a yield of 5.0% and a payout ratio of 59.51%.

Landscape Capital Management L.L.C. reduced its position in General Mills, Inc. (NYSE:GIS - Free Report) by 49.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,806 shares of the company's stock after selling 14,463 shares during the period. Landscape Capital Management L.L.C.'s holdings in General Mills were worth $885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in General Mills by 434.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company's stock valued at $1,138,473,000 after acquiring an additional 15,480,835 shares during the period. Ameriprise Financial Inc. increased its position in shares of General Mills by 8.1% during the first quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company's stock valued at $589,814,000 after buying an additional 741,432 shares during the period. Dimensional Fund Advisors LP increased its position in shares of General Mills by 10.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,986,128 shares of the company's stock valued at $417,674,000 after buying an additional 634,393 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of General Mills by 8.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,846,576 shares of the company's stock valued at $436,606,000 after buying an additional 561,731 shares during the period. Finally, Invesco Ltd. increased its position in shares of General Mills by 6.9% during the first quarter. Invesco Ltd. now owns 6,403,879 shares of the company's stock valued at $382,888,000 after buying an additional 414,768 shares during the period. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Up 0.0%

Shares of NYSE:GIS traded up $0.00 during trading on Thursday, reaching $49.75. 2,587,456 shares of the company traded hands, compared to its average volume of 5,596,933. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.24 and a beta of -0.02. General Mills, Inc. has a 52-week low of $48.29 and a 52-week high of $75.90. 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 business's fifty day moving average is $50.27 and its 200-day moving average is $54.66.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts forecast that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Thursday, July 10th were issued a dividend of $0.61 per share. 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 dividend yield of 4.9%. The ex-dividend date was Thursday, July 10th. General Mills's dividend payout ratio is currently 59.51%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GIS. UBS Group decreased their price target on General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a research report on Thursday, June 26th. Bank of America decreased their price target on General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. The Goldman Sachs Group cut shares of General Mills from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Barclays decreased their price objective on shares of General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada upgraded shares of General Mills from a "sector perform" rating to an "outperform" rating and decreased their price objective for the stock from $67.00 to $63.00 in a research report on Thursday, June 26th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.