Fruth Investment Management Sells 200 Shares of General Mills, Inc. $GIS

Fruth Investment Management decreased its holdings in shares of General Mills, Inc. (NYSE:GIS) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,880 shares of the company’s stock after selling 200 shares during the quarter. Fruth Investment Management’s holdings in General Mills were worth $1,547,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GIS. Perkins Coie Trust Co boosted its stake in General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company’s stock valued at $31,000 after purchasing an additional 211 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in General Mills during the 1st quarter valued at approximately $34,000. GKV Capital Management Co. Inc. bought a new stake in General Mills during the 1st quarter valued at approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in General Mills during the 1st quarter valued at approximately $37,000. Finally, Pingora Partners LLC boosted its stake in General Mills by 416.7% during the 1st quarter. Pingora Partners LLC now owns 620 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on General Mills from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. The Goldman Sachs Group cut General Mills from a “buy” rating to a “neutral” rating and cut their price target for the company from $68.00 to $58.00 in a report on Monday, June 9th. Wall Street Zen cut General Mills from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Royal Bank Of Canada raised General Mills from a “sector perform” rating to an “outperform” rating and cut their price target for the company from $67.00 to $63.00 in a report on Thursday, June 26th. Finally, Barclays cut their price target on General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.13.

General Mills Trading Up 1.2%

Shares of GIS opened at $50.61 on Friday. General Mills, Inc. has a 1 year low of $48.29 and a 1 year high of $75.66. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The stock has a 50 day simple moving average of $50.04 and a 200-day simple moving average of $54.29. The stock has a market cap of $27.45 billion, a PE ratio of 12.34, a PEG ratio of 1.26 and a beta of -0.02.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the prior year, the firm posted $1.01 EPS. General Mills’s quarterly revenue was down 3.3% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, July 10th. This is a boost from General Mills’s previous quarterly dividend of $0.60. General Mills’s payout ratio is currently 59.51%.

General Mills 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.