Arrowstreet Capital Limited Partnership Has $156.34 Million Holdings in General Mills, Inc. $GIS

Arrowstreet Capital Limited Partnership increased its holdings in General Mills, Inc. (NYSE:GIS) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,200,299 shares of the company’s stock after purchasing an additional 58,608 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in General Mills were worth $156,335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LBP AM SA bought a new stake in shares of General Mills during the fourth quarter valued at approximately $2,639,000. Oak Thistle LLC acquired a new position in General Mills during the fourth quarter worth $1,320,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of General Mills by 1,824.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after buying an additional 848,712 shares during the last quarter. HF Advisory Group LLC raised its holdings in shares of General Mills by 550.2% in the 4th quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock worth $3,681,000 after acquiring an additional 66,981 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in General Mills by 13.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock worth $57,985,000 after purchasing an additional 144,631 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 1.7%

Shares of GIS stock opened at $36.16 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The firm has a market cap of $19.30 billion, a P/E ratio of -200.86 and a beta of -0.03. The company has a 50 day moving average of $34.97 and a 200-day moving average of $38.72. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $51.33.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Sell-side analysts anticipate that General Mills, Inc. will post 3.07 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Friday, July 10th. General Mills’s payout ratio is currently -1,355.56%.

Insiders Place Their Bets

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the insider directly owned 86,002 shares in the company, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of the 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 in the company, valued at $2,148,763.50. This trade represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Morgan Stanley lowered their price objective on General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, June 5th. Bank of America upped their price target on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Barclays dropped their price objective on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Sanford C. Bernstein downgraded shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Wednesday, June 3rd. Finally, UBS Group set a $33.00 target price on shares of General Mills in a research note on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and a consensus price target of $39.16.

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.