General Mills, Inc. $GIS Shares Purchased by Stephens Inc. AR

Stephens Inc. AR boosted its stake in General Mills, Inc. (NYSE:GIS) by 28.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,808 shares of the company’s stock after purchasing an additional 19,001 shares during the period. Stephens Inc. AR’s holdings in General Mills were worth $3,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GIS. QRG Capital Management Inc. raised its holdings in shares of General Mills by 7.6% during the 1st quarter. QRG Capital Management Inc. now owns 199,029 shares of the company’s stock valued at $7,408,000 after buying an additional 13,999 shares during the period. Hendershot Investments Inc. acquired a new stake in General Mills in the first quarter valued at approximately $574,000. HB Wealth Management LLC grew its position in General Mills by 0.6% in the first quarter. HB Wealth Management LLC now owns 48,145 shares of the company’s stock valued at $1,792,000 after acquiring an additional 309 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of General Mills by 9.1% during the first quarter. Moran Wealth Management LLC now owns 258,987 shares of the company’s stock valued at $9,639,000 after purchasing an additional 21,701 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV lifted its position in shares of General Mills by 16.8% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 8,367 shares of the company’s stock worth $311,000 after purchasing an additional 1,203 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 1.9%

Shares of NYSE GIS opened at $36.38 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The stock’s 50 day moving average price is $34.37 and its two-hundred day moving average price is $39.51. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $52.07. The stock has a market capitalization of $19.42 billion, a P/E ratio of -202.09 and a beta of -0.03.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, analysts anticipate that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.7%. General Mills’s payout ratio is -1,355.56%.

Analysts Set New Price Targets

A number of brokerages have commented on GIS. BNP Paribas Exane boosted their price objective on shares of General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Stifel Nicolaus dropped their target price on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Bank of America boosted their price target on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Royal Bank Of Canada reduced their price target on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Finally, UBS Group set a $33.00 price objective on General Mills in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and a consensus price target of $39.16.

Insider Transactions at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the insider owned 86,002 shares in the company, valued at approximately $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 at this link. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by company insiders.

General Mills Company 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.