Landscape Capital Management L.L.C. Invests $6.54 Million in General Mills, Inc. $GIS

Landscape Capital Management L.L.C. acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 187,877 shares of the company’s stock, valued at approximately $6,538,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in shares of General Mills by 13.1% during the fourth quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock valued at $57,985,000 after buying an additional 144,631 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in General Mills by 10.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 711,120 shares of the company’s stock worth $33,186,000 after acquiring an additional 65,817 shares during the last quarter. KBC Group NV raised its stake in General Mills by 40.5% in the 1st quarter. KBC Group NV now owns 771,730 shares of the company’s stock worth $28,724,000 after acquiring an additional 222,602 shares during the last quarter. Fifth Third Bancorp lifted its position in General Mills by 140.2% during the 4th quarter. Fifth Third Bancorp now owns 87,060 shares of the company’s stock worth $4,048,000 after acquiring an additional 50,822 shares during the period. Finally, Delta Global Management LP acquired a new stake in General Mills during the 1st quarter worth about $1,849,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIS has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Bank of America raised their price objective on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price on General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Finally, TD Cowen cut their price target on shares of General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, General Mills presently has an average rating of “Reduce” and a consensus price target of $39.16.

General Mills Price Performance

NYSE:GIS opened at $39.99 on Friday. General Mills, Inc. has a one year low of $31.75 and a one year 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 firm has a market cap of $21.38 billion, a price-to-earnings ratio of -222.15 and a beta of -0.03. The firm’s fifty day moving average is $36.64 and its two-hundred day moving average is $37.77.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts expect 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 issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is -1,355.56%.

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.