94,472 Shares in General Mills, Inc. $GIS Acquired by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 94,472 shares of the company’s stock, valued at approximately $3,516,000.

A number of other institutional investors have also recently added to or reduced their stakes in GIS. LBP AM SA bought a new stake in shares of General Mills during the 4th quarter worth about $2,639,000. Oak Thistle LLC bought a new position in shares of General Mills in the 4th quarter valued at approximately $1,320,000. Robeco Institutional Asset Management B.V. raised its stake in shares of General Mills by 1,824.7% in 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 acquiring an additional 848,712 shares in the last quarter. Korea Investment CORP lifted its holdings in General Mills by 161.9% in the 3rd quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock worth $16,800,000 after purchasing an additional 205,981 shares during the last quarter. Finally, HF Advisory Group LLC lifted its holdings in 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 purchasing an additional 66,981 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills News Roundup

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills beat quarterly earnings and revenue estimates, which helped drive the stock higher. Reuters: General Mills beats quarterly estimates on steady staples demand, higher prices
• Positive Sentiment: Management announced a $3 billion cost-savings initiative, which could support future profits and margins. General Mills Fiscal Fourth-Quarter Results Top Views; Targets $3 Billion in Cost Savings
• Positive Sentiment: Several analysts raised price targets after the earnings report, including BNP Paribas Exane, Bank of America, Deutsche Bank, and JPMorgan, signaling renewed interest in the stock despite mixed ratings. Benzinga: Analysts increase forecasts on General Mills after upbeat Q4 results
• Positive Sentiment: General Mills launched new products and brand tie-ins, including Reese’s Puffs/GloRilla and Honey Nut Cheerios Protein, which may help growth momentum. Yahoo Finance: General Mills launches Reese’s Puffs GloRilla tie up and Honey Nut Cheerios Protein

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GIS shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of General Mills in a research report on Tuesday, June 2nd. Jefferies Financial Group boosted their price objective on shares of General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday. Stifel Nicolaus reduced their price objective on shares of General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Royal Bank Of Canada decreased their price objective on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Finally, Morgan Stanley lowered their target price on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $39.00.

General Mills Price Performance

Shares of NYSE:GIS opened at $37.50 on Friday. The company has a market cap of $20.01 billion, a price-to-earnings ratio of -208.31 and a beta of -0.03. The business has a 50 day moving average price of $34.23 and a 200 day moving average price of $39.82. The company has a quick ratio of 0.36, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $54.01.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the previous year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts predict that General Mills, Inc. will post 3.08 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.5%. General Mills’s dividend payout ratio (DPR) is presently 59.66%.

Insider Buying and Selling at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 86,002 shares in the company, valued at $2,947,288.54. This represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.

General Mills 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.