Van Hulzen Asset Management LLC Acquires 2,772 Shares of General Mills, Inc. $GIS

Van Hulzen Asset Management LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 175.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,352 shares of the company’s stock after acquiring an additional 2,772 shares during the period. Van Hulzen Asset Management LLC’s holdings in General Mills were worth $260,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Perkins Coie Trust Co lifted its stake in shares of General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock worth $31,000 after buying an additional 211 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in shares of General Mills in the first quarter worth approximately $34,000. GKV Capital Management Co. Inc. bought a new position in shares of General Mills in the first quarter worth approximately $34,000. Heck Capital Advisors LLC bought a new position in shares of General Mills in the fourth quarter worth approximately $38,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of General Mills in the first quarter worth approximately $37,000. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 0.7%

Shares of GIS stock opened at $50.1360 on Friday. General Mills, Inc. has a 12 month low of $48.59 and a 12 month high of $75.90. The stock has a market cap of $27.20 billion, a P/E ratio of 12.23, a P/E/G ratio of 1.26 and a beta of -0.01. 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 company has a 50 day simple moving average of $50.85 and a two-hundred day simple moving average of $55.20.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.61 per share. This is an increase 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 of this dividend was Thursday, July 10th. General Mills’s dividend payout ratio is currently 59.51%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GIS shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 target price (down previously from $53.00) on shares of General Mills in a research note on Wednesday. Wall Street Zen upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Sunday, August 3rd. Royal Bank Of Canada upgraded shares of General Mills from a “sector perform” rating to an “outperform” rating and dropped their target price for the stock from $67.00 to $63.00 in a research note on Thursday, June 26th. Barclays dropped their target price on shares of General Mills from $60.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 26th. Finally, Stifel Nicolaus lowered their price objective on shares of General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.13.

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.