Quantinno Capital Management LP Cuts Holdings in General Mills, Inc. $GIS

Quantinno Capital Management LP trimmed its position in General Mills, Inc. (NYSE:GIS) by 52.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 214,772 shares of the company’s stock after selling 241,318 shares during the period. Quantinno Capital Management LP’s holdings in General Mills were worth $7,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. LBP AM SA bought a new stake in General Mills during the fourth quarter worth $2,639,000. Oak Thistle LLC bought a new position in General Mills in the 4th quarter valued at $1,320,000. Robeco Institutional Asset Management B.V. increased its position in shares of General Mills by 1,824.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after purchasing an additional 848,712 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of General Mills by 13.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock valued at $57,985,000 after purchasing an additional 144,631 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of General Mills by 10.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 711,120 shares of the company’s stock worth $33,186,000 after purchasing an additional 65,817 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

NYSE:GIS opened at $36.23 on Wednesday. The business’s fifty day moving average is $35.41 and its 200 day moving average is $38.32. The firm has a market cap of $19.34 billion, a price-to-earnings ratio of -201.26 and a beta of -0.03. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33.

General Mills (NYSE:GIS) last posted its earnings results 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. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts predict that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Dividend Announcement

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

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the sale, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GIS shares. UBS Group set a $33.00 price target on shares of General Mills in a research report on Monday, July 6th. Barclays lowered their price objective on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. BTIG Research assumed coverage on shares of General Mills in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Finally, Jefferies Financial Group raised their price target on shares of General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently 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.