Landscape Capital Management L.L.C. Acquires 38,635 Shares of General Mills, Inc. $GIS

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

A number of other large investors have also bought and sold shares of the business. Austin Private Wealth LLC lifted its stake in General Mills by 5.0% in the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after buying an additional 211 shares in the last quarter. Retirement Planning Co of New England Inc. increased its position in shares of General Mills by 4.2% during the third quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock worth $273,000 after acquiring an additional 219 shares in the last quarter. Smith Moore & CO. raised its holdings in shares of General Mills by 2.6% during the third quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock worth $443,000 after acquiring an additional 225 shares during the period. Stonebridge Capital Advisors LLC raised its holdings in shares of General Mills by 0.7% during the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after acquiring an additional 226 shares during the period. Finally, AlphaCore Capital LLC lifted its position in General Mills by 10.9% in the 2nd quarter. AlphaCore Capital LLC now owns 2,343 shares of the company’s stock valued at $121,000 after acquiring an additional 231 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GIS shares. Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Barclays decreased their price objective on General Mills from $52.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Royal Bank Of Canada set a $63.00 target price on General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 price target on shares of General Mills in a research note on Thursday, December 18th. Finally, Stifel Nicolaus cut their price objective on shares of General Mills from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Reduce” and an average target price of $49.58.

General Mills Stock Performance

Shares of General Mills stock traded up $0.81 during trading on Friday, hitting $40.21. 979,365 shares of the stock were exchanged, compared to its average volume of 8,167,591. General Mills, Inc. has a 1-year low of $39.29 and a 1-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 has a fifty day moving average price of $45.10 and a 200-day moving average price of $47.10. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30.

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

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, April 10th. General Mills’s payout ratio is currently 52.47%.

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the sale, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

General Mills Company 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.