QRG Capital Management Inc. lifted its stake in General Mills, Inc. (NYSE:GIS – Free Report) by 7.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,029 shares of the company’s stock after buying an additional 13,999 shares during the period. QRG Capital Management Inc.’s holdings in General Mills were worth $7,408,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in General Mills in the third quarter valued at $25,000. Reflection Asset Management bought a new position in shares of General Mills during the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of General Mills in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its stake 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 valued at $27,000 after purchasing an additional 337 shares in the last quarter. Finally, Zions Bancorporation National Association UT grew its holdings in shares of General Mills by 248.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after purchasing an additional 449 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.
Insider Buying and Selling at General Mills
In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by company insiders.
General Mills Trading Down 0.2%
General Mills (NYSE:GIS – Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same period in the prior year, the business earned $0.53 earnings per share. General Mills’s quarterly revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities analysts anticipate that General Mills, Inc. will post 3.06 earnings per share for the current fiscal year.
General Mills Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, July 10th. General Mills’s dividend payout ratio (DPR) is presently -1,355.56%.
Analysts Set New Price Targets
GIS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday. Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. TD Cowen cut their target price on shares of General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 target price on shares of General Mills in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company increased 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. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $39.00.
View Our Latest Research Report on General Mills
Key Stories Impacting General Mills
Here are the key news stories impacting General Mills this week:
- Positive Sentiment: General Mills reported Q4 EPS of $0.95 on revenue of $4.61 billion, both ahead of estimates, which helped lift sentiment toward the stock. General Mills (GIS) Stock Trades Up, Here Is Why
- Positive Sentiment: Management said it is targeting up to $3 billion in cost savings by fiscal 2030 and shifting toward innovation, which investors may view as a margin and earnings tailwind. General Mills Inc (GIS) Q4 2026 Earnings Call Highlights
- Positive Sentiment: The company also introduced product initiatives such as Reese’s Puffs and Honey Nut Cheerios Protein, reinforcing its effort to refresh the portfolio and support sales growth. General Mills (GIS) Launches Reese’s Puffs GloRilla Tie Up And Honey Nut Cheerios Protein
- Neutral Sentiment: Several brokers raised price targets after the earnings release, but ratings were still mostly neutral or negative, signaling that Wall Street sees limited upside until growth improves. These Analysts Increase Their Forecasts On General Mills After Upbeat Q4 Results
- Neutral Sentiment: Wells Fargo reiterated a Sell rating, while other firms such as JPMorgan, Deutsche Bank, Barclays, and Bank of America maintained cautious stances, highlighting ongoing concerns about weak sales growth and execution. Wells Fargo Remains a Sell on General Mills (GIS)
- Negative Sentiment: Analysts continue to flag “less bad” guidance and structural concerns, indicating the market still doubts a durable demand rebound for General Mills. General Mills Beats, But ‘Less Bad’ Outlook Leaves Analyst Unimpressed
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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