Amundi Raises Stock Holdings in General Mills, Inc. $GIS

Amundi lifted its holdings in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 12.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,260,287 shares of the company’s stock after acquiring an additional 370,563 shares during the period. Amundi owned 0.61% of General Mills worth $113,458,000 at the end of the most recent reporting period.

• General Mills Is a 5-Star Turnaround Play for Buy and Hold Investors

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in General Mills by 13.1% during the fourth quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock worth $57,985,000 after acquiring an additional 144,631 shares during the period. Bank of Nova Scotia acquired a new stake in General Mills in the second quarter valued at $5,195,000. KBC Group NV lifted its holdings in General Mills by 40.5% in the first quarter. KBC Group NV now owns 771,730 shares of the company’s stock valued at $28,724,000 after acquiring an additional 222,602 shares during the period. Delta Global Management LP purchased a new stake in shares of General Mills during the 1st quarter worth $1,849,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of General Mills during the 2nd quarter worth $21,342,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE:GIS opened at $37.08 on Thursday. The business’s fifty day moving average price is $37.93 and its two-hundred day moving average price is $37.00. The stock has a market cap of $19.83 billion, a PE ratio of -206.01, a price-to-earnings-growth ratio of 2.05 and a beta of -0.01. 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 one year low of $31.75 and a one year high of $51.33.

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General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share 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 during the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter last year, the business posted $0.53 earnings per share. General Mills’s 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. On average, analysts forecast that General Mills, Inc. will post 3.06 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.6%. General Mills’s payout ratio is -1,355.56%.

Wall Street Analyst Weigh In

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A number of equities analysts have recently issued reports on the stock. Piper Sandler cut their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Wells Fargo & Company increased their target price on shares of General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $39.37.

View Our Latest Analysis on General Mills

More General Mills News

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

• Positive Sentiment: Income investors are highlighting General Mills as a well-known, high-yield stock trading near its 52-week low. That attention could provide some valuation and dividend-supportive buying, particularly for investors seeking defensive consumer-staples exposure. Passive Income Investors Are Buying 5 Well-Known High-Yield Stocks Near 52-Week Lows
• Positive Sentiment: General Mills’ Blue Buffalo brand launched limited-edition football-season dog treats. The product release is a modest positive for brand engagement and seasonal sales, though it is unlikely to materially change near-term company earnings. Blue Buffalo Launches New Limited-Edition Game Day Treats
• Neutral Sentiment: At the Barclays Global Consumer Staples Conference, General Mills reaffirmed fiscal 2027 adjusted EPS guidance of $3.00–$3.20, versus analyst consensus of approximately $3.07. The confirmation reduces the risk of an outlook cut but offers little new upside relative to expectations. General Mills Reaffirms Annual Guidance and Provides Business Update
• Neutral Sentiment: General Mills and Mars sued sugar producers, alleging price fixing. A successful case could potentially recover damages or reduce concerns about input costs, but litigation brings uncertainty and does not provide an immediate earnings benefit. General Mills, Mars Sue Sugar Producers in Price-Fixing Lawsuit
• Negative Sentiment: The reaffirmed outlook suggests management is not raising expectations despite the stock’s depressed valuation. Investors may therefore remain focused on whether sales growth, margins and free cash flow improve enough to support the dividend and reverse the recent weakness.

General Mills Company Profile

(Free Report)

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company’s brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.

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