Hudson Bay Capital Management LP Makes New Investment in General Mills, Inc. $GIS

Hudson Bay Capital Management LP acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,959 shares of the company’s stock, valued at approximately $1,863,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of General Mills by 4.9% in the third quarter. Allworth Financial LP now owns 24,383 shares of the company’s stock valued at $1,229,000 after buying an additional 1,137 shares during the last quarter. IFP Advisors Inc raised its stake in General Mills by 20.1% in the 3rd quarter. IFP Advisors Inc now owns 8,079 shares of the company’s stock valued at $407,000 after acquiring an additional 1,354 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in General Mills by 6.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 216,249 shares of the company’s stock valued at $10,903,000 after purchasing an additional 12,967 shares during the last quarter. Groupama Asset Managment bought a new position in General Mills during the third quarter worth $411,000. Finally, Cambria Investment Management L.P. bought a new position in General Mills during the third quarter worth $331,000. 75.71% of the stock is owned by institutional investors.

More General Mills News

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

• Positive Sentiment: Piper Sandler reaffirmed its buy/overweight stance on GIS (despite trimming its target earlier), signaling continued broker support for the turnaround thesis. Piper Sandler Reaffirms Their Buy Rating on General Mills (GIS)
• Positive Sentiment: RBC Capital reaffirmed its buy/outperform view on GIS, providing another vote of confidence from a large broker. RBC Capital Keeps Their Buy Rating on General Mills (GIS)
• Positive Sentiment: Diamond Hill Capital’s Mid-Cap strategy disclosed a new position in General Mills in Q4, indicating some institutional accumulation at these levels. Diamond Hill Mid Cap Strategy Initiated a Position in General Mills (GIS) in Q4
• Neutral Sentiment: Jefferies reaffirmed a hold rating, reflecting a wait-and-see view: management’s recovery plan is being acknowledged but not yet rewarded by all analysts. Jefferies Reaffirms Their Hold Rating on General Mills (GIS)
• Neutral Sentiment: Management highlighted product innovation (more protein/fiber SKUs like Cheerios Protein) and portfolio reshaping (Brazil unit sale) as recovery levers; these are strategic positives but will take time to materially reverse top-line/margin trends. General Mills Bets on Protein and Fiber to Win Back Consumers
• Negative Sentiment: Q3 results missed on EPS and showed an 8.4% YoY revenue decline; analysts flagged a tough consumer environment and lowered near-term forecasts. General Mills’ FQ3 miss highlights tough consumer environment — analysts
• Negative Sentiment: Several brokers slashed price targets and/or lowered ratings after the print: UBS cut its target to $35 and kept a Sell; JPMorgan, UBS, Goldman, TD Cowen and others trimmed targets or moved to underweight/neutral — putting fresh downside risk and pressuring sentiment. General Mills price target lowered to $35 from $40 at UBS
• Negative Sentiment: Investor commentary (including Jim Cramer) and post-earnings notes highlight that management’s messaging and near-term guidance weren’t convincing, amplifying the sell-side cuts and heavy trading. Jim Cramer on General Mills: “Management Tried to Turn Minuses Into Pluses, But the Crowd Wasn’t Buying It”

General Mills Price Performance

General Mills stock opened at $37.04 on Monday. The firm has a market cap of $19.76 billion, a PE ratio of 9.06 and a beta of -0.05. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The stock’s fifty day moving average price is $44.38 and its two-hundred day moving average price is $46.61. General Mills, Inc. has a one year low of $37.01 and a one year high of $62.61.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share. As a group, research analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is presently 59.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GIS shares. Morgan Stanley dropped their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. Sanford C. Bernstein decreased their price target on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. Evercore set a $45.00 price target on shares of General Mills in a report on Wednesday, February 18th. Finally, Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $44.61.

General Mills 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.