Quantbot Technologies LP Takes Position in General Mills, Inc. $GIS

Key Points

• Quantbot Technologies LP acquired 50,678 General Mills shares during the second quarter, valued at approximately $1.76 million. Several other institutions also initiated positions, while institutional investors collectively own 75.71% of the company.
• General Mills reported quarterly earnings of $0.95 per share, exceeding estimates of $0.80, while revenue reached $4.61 billion and rose 1.2% year over year.
• The company pays a quarterly dividend of $0.61 per share, representing a 6.0% annualized yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $39.16.

Quantbot Technologies LP purchased a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,678 shares of the company's stock, valued at approximately $1,764,000.

Several other institutional investors also recently modified their holdings of GIS. Evolve Private Wealth LLC acquired a new position in General Mills during the 2nd quarter worth about $1,079,000. Farringdon Capital Ltd. acquired a new stake in shares of General Mills in the second quarter valued at about $328,000. Varma Mutual Pension Insurance Co acquired a new stake in shares of General Mills in the second quarter valued at about $10,836,000. Westpac Banking Corp bought a new position in shares of General Mills during the second quarter worth about $1,272,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of General Mills during the second quarter worth about $6,538,000. Institutional investors own 75.71% of the company's stock.

General Mills Price Performance

Shares of GIS opened at $40.92 on Tuesday. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. The business's 50 day moving average price is $36.77 and its two-hundred day moving average price is $37.67. The firm has a market cap of $21.88 billion, a PE ratio of -227.32 and a beta of -0.03.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.0%. General Mills's dividend payout ratio is currently -1,355.56%.

Analysts Set New Price Targets

A number of research firms recently commented on GIS. Weiss Ratings raised General Mills from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 2nd. Bank of America raised their price target on shares of General Mills from $36.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, July 2nd. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 price target on shares of General Mills in a research report on Tuesday, June 2nd. Sanford C. Bernstein lowered shares of General Mills from a "market perform" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company increased their price objective on shares of General Mills from $30.00 to $33.00 and gave the stock an "underweight" rating in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $39.16.

General Mills Company Profile

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.

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