QRG Capital Management Inc. Lowers Position in General Mills, Inc. $GIS

Key Points

• QRG Capital Management cut its General Mills stake by 65.6% in the second quarter, selling 130,498 shares and retaining 68,531 shares worth approximately $2.4 million. Institutional investors collectively own 75.71% of the company.
• General Mills exceeded quarterly expectations with earnings of $0.75 per share and revenue of $4.39 billion, although revenue fell 2.8% year over year. The company faces weaker volumes, consumer-demand pressure, and margin headwinds.
• Shares opened at $33.66, near the lower end of their 12-month range, while the company maintained a quarterly dividend of $0.61 per share, representing a 7.3% annualized yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $36.59.

QRG Capital Management Inc. lowered its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 65.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,531 shares of the company's stock after selling 130,498 shares during the quarter. QRG Capital Management Inc.'s holdings in General Mills were worth $2,385,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Reflection Asset Management bought a new stake in General Mills during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills during the 4th quarter valued at $26,000. Brown Shipley& Co Ltd purchased a new stake in shares of General Mills in the 1st quarter worth $26,000. Silvant Capital Management LLC purchased a new stake in shares of General Mills in the 2nd quarter worth $26,000. Finally, Bruce G. Allen Investments LLC raised its holdings in 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. Institutional investors own 75.71% of the company's stock.

General Mills Stock Down 3.4%

Shares of GIS opened at $33.66 on Friday. The business's 50 day moving average is $37.66 and its 200 day moving average is $36.31. The company has a current ratio of 0.70, a quick ratio of 0.40 and a debt-to-equity ratio of 1.66. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $51.26. The company has a market capitalization of $17.99 billion, a PE ratio of -20.27, a price-to-earnings-growth ratio of 1.82 and a beta of -0.01.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, September 23rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.35 billion. General Mills had a negative net margin of 4.89% and a positive return on equity of 21.86%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Research analysts expect that General Mills, Inc. will post 3.09 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 7.3%. General Mills's dividend payout ratio (DPR) is presently -146.99%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GIS. Royal Bank Of Canada reiterated an "outperform" rating and set a $45.00 target price on shares of General Mills in a research report on Monday, September 21st. Wells Fargo & Company upped their price target on General Mills from $30.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, July 2nd. Jefferies Financial Group set a $35.00 price objective on General Mills in a research note on Thursday, September 10th. Piper Sandler reaffirmed an "overweight" rating on shares of General Mills in a research report on Thursday. Finally, Weiss Ratings upgraded General Mills from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, General Mills currently has a consensus rating of "Reduce" and an average target price of $36.59.

Trending Headlines about General Mills

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

• Positive Sentiment: General Mills reported adjusted earnings of $0.75 per share and revenue of $4.39 billion, exceeding analyst expectations of $0.72 and $4.35 billion, respectively. Management reaffirmed its full-year guidance, while international operating profit increased 14%. General Mills Reaffirms Full-Year Guidance
• Positive Sentiment: The company is emphasizing product innovation—including higher-protein and clean-label offerings—following recent price cuts. Management also targets approximately $750 million in cost savings this fiscal year, which could support earnings if execution improves. General Mills Prioritizes Innovation
• Neutral Sentiment: Some analysts see potential for improved performance as North American retail trends stabilize. General Mills’ high dividend yield and reported institutional buying may also attract income-oriented investors, although these factors have not yet overcome operating concerns. General Mills Could See Improved Performance
• Negative Sentiment: Revenue declined 2.8% year over year, with weaker volumes and continued pressure on consumer demand. Input-cost inflation is expected to approach 6% by the fourth quarter, while pet food weakness and margin pressure remain headwinds. General Mills Q1 Earnings Call Highlights
• Negative Sentiment: The earnings beat was viewed as insufficient because organic sales continued to fall and management maintained a cautious full-year outlook. Bernstein lowered its price target to $30, and other analysts characterized the company as having “more work to be done.” These concerns help explain why General Mills stock has decreased despite exceeding quarterly estimates. General Mills Price Target Lowered

About General Mills

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company's brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.

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.