Empowered Funds LLC,
Wealthspire Advisors LLC and others have increased their positions in
General Mills, Inc. (NYSE:GIS), signifying their confidence in the company's stock. Despite some cut in holdings from entities, including
Nelson Capital Management LLC and
FDx Advisors Inc, General Mills continues to dominate with
80% institutional ownership. Such strong institutional backing is often perceived as positive for the stock's future price performance. The company, known for its diverse food brands, recently expanded into the pet food sector with the acquisition of
Edgard & Cooper. As far as financial performance goes, the company's Q4 2024 earnings topped estimates despite adverse pricing, revealing a
6.5% CAGR over the last five years. In addition, it paid a larger dividend than the previous year. The company's
returns on capital are heading higher with total returns of 63% over the past five years. The company's stock performance has also been strong in the recent past, showing a 10% increase in the last 3 months. Despite various positives, there are concerns over demand faltering as Q4 sales saw a 6% YoY drop.
General Mills GIS News Analytics from Tue, 19 Dec 2023 08:00:00 GMT to Sun, 14 Jul 2024 16:04:33 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor -4
