Landscape Capital Management L.L.C. Has $4.89 Million Stake in General Mills, Inc. $GIS

Landscape Capital Management L.L.C. increased its position in shares of General Mills, Inc. (NYSE:GIS) by 66.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 97,050 shares of the company’s stock after purchasing an additional 38,635 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in General Mills were worth $4,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its position in General Mills by 7.1% during the second quarter. ProShare Advisors LLC now owns 129,137 shares of the company’s stock worth $6,691,000 after acquiring an additional 8,591 shares during the period. Allworth Financial LP boosted its holdings in General Mills by 6.0% in the 2nd quarter. Allworth Financial LP now owns 23,246 shares of the company’s stock valued at $1,204,000 after purchasing an additional 1,312 shares during the period. Vise Technologies Inc. acquired a new position in shares of General Mills during the 2nd quarter worth approximately $910,000. National Pension Service grew its position in shares of General Mills by 0.7% during the 2nd quarter. National Pension Service now owns 886,354 shares of the company’s stock worth $45,922,000 after purchasing an additional 6,275 shares in the last quarter. Finally, Everett Harris & Co. CA increased its holdings in shares of General Mills by 26.2% during the second quarter. Everett Harris & Co. CA now owns 6,210 shares of the company’s stock worth $322,000 after purchasing an additional 1,290 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the sale, the insider directly owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

General Mills Price Performance

Shares of GIS traded up $0.81 during midday trading on Friday, hitting $40.21. The company’s stock had a trading volume of 979,365 shares, compared to its average volume of 8,167,591. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a one year low of $39.29 and a one year high of $62.61. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 8.64 and a beta of -0.05. The company’s fifty day simple moving average is $45.10 and its two-hundred day simple moving average is $47.10.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company earned $1.40 EPS. General Mills’s revenue for the quarter was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Analyst Upgrades and Downgrades

GIS has been the subject of a number of analyst reports. Piper Sandler dropped their price target on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Sanford C. Bernstein cut their target price on General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research report on Wednesday, February 18th. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Barclays cut their price objective on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, TD Cowen reduced their price objective on shares of General Mills from $47.00 to $45.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and an average price target of $49.58.

About General Mills

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.