General Mills, Inc. $GIS Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in General Mills, Inc. (NYSE:GIS) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,390 shares of the company’s stock after purchasing an additional 1,469 shares during the period. Wellington Management Group LLP’s holdings in General Mills were worth $2,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC lifted its position in shares of General Mills by 6.4% during the 1st quarter. Aptus Capital Advisors LLC now owns 30,969 shares of the company’s stock valued at $1,852,000 after acquiring an additional 1,873 shares during the period. Freestone Capital Holdings LLC lifted its position in shares of General Mills by 6.8% during the 1st quarter. Freestone Capital Holdings LLC now owns 58,492 shares of the company’s stock valued at $3,497,000 after acquiring an additional 3,704 shares during the period. Affinity Investment Advisors LLC acquired a new stake in shares of General Mills during the 1st quarter valued at approximately $203,000. Northwest & Ethical Investments L.P. lifted its position in shares of General Mills by 45.3% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 132,577 shares of the company’s stock valued at $7,927,000 after acquiring an additional 41,312 shares during the period. Finally, Tyler Stone Wealth Management lifted its position in shares of General Mills by 17.1% during the 1st quarter. Tyler Stone Wealth Management now owns 18,223 shares of the company’s stock valued at $1,090,000 after acquiring an additional 2,655 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GIS. Barclays cut their price objective on General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, June 26th. The Goldman Sachs Group downgraded General Mills from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Royal Bank Of Canada upgraded General Mills from a “sector perform” rating to an “outperform” rating and cut their price objective for the stock from $67.00 to $63.00 in a research report on Thursday, June 26th. UBS Group cut their price objective on General Mills from $52.00 to $49.00 and set a “sell” rating for the company in a research report on Thursday, June 26th. Finally, Morgan Stanley restated an “underweight” rating and set a $51.00 price objective (down from $53.00) on shares of General Mills in a research report on Tuesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $59.13.

General Mills Stock Up 1.7%

Shares of General Mills stock opened at $49.29 on Friday. The business has a 50-day moving average of $50.46 and a 200-day moving average of $54.84. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43. The company has a market capitalization of $26.73 billion, a PE ratio of 12.02, a P/E/G ratio of 1.24 and a beta of -0.01. General Mills, Inc. has a 1-year low of $48.29 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last issued 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. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%.General Mills’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous 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, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The company 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. The ex-dividend date of this dividend was Thursday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.60. This represents a $2.44 annualized dividend and a yield of 5.0%. General Mills’s dividend payout ratio is presently 59.51%.

General Mills Company 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.