Campbell & CO Investment Adviser LLC Buys New Shares in General Mills, Inc. $GIS

Campbell & CO Investment Adviser LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,333 shares of the company’s stock, valued at approximately $2,232,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GIS. Charles Schwab Investment Management Inc. increased its stake in General Mills by 434.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock worth $1,138,473,000 after acquiring an additional 15,480,835 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in General Mills during the first quarter worth about $279,570,000. Pacer Advisors Inc. increased its stake in General Mills by 4,775.2% during the first quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company’s stock worth $205,916,000 after acquiring an additional 3,373,338 shares during the last quarter. Ameriprise Financial Inc. increased its stake in General Mills by 34.5% during the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock worth $581,903,000 after acquiring an additional 2,341,137 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in General Mills during the first quarter worth about $92,717,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Price Performance

Shares of NYSE GIS opened at $50.1360 on Monday. General Mills, Inc. has a fifty-two week low of $48.59 and a fifty-two week high of $75.90. The business has a 50 day moving average price of $50.85 and a two-hundred day moving average price of $55.14. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The firm has a market cap of $27.20 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.27 and a beta of -0.01.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm earned $1.01 EPS. General Mills’s quarterly revenue was down 3.3% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Sell-side analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.61 per share. This is a boost from General Mills’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. General Mills’s payout ratio is 59.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GIS shares. Morgan Stanley restated an “underweight” rating and set a $51.00 price target (down from $53.00) on shares of General Mills in a research note on Tuesday, June 24th. Wells Fargo & Company set a $53.00 target price on General Mills and gave the company an “equal weight” rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 target price (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Bank of America lowered their target price on General Mills from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Finally, The Goldman Sachs Group lowered General Mills from a “buy” rating to a “neutral” rating and lowered their target price for the company from $68.00 to $58.00 in a research note on Monday, June 9th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and a consensus price target of $59.13.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.