Greenleaf Trust Boosts Position in General Mills, Inc. $GIS

Greenleaf Trust raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 252.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,384 shares of the company’s stock after buying an additional 28,928 shares during the period. Greenleaf Trust’s holdings in General Mills were worth $1,405,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Reflection Asset Management acquired a new stake in shares of General Mills in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of General Mills during the 4th quarter valued at $26,000. Brown Shipley& Co Ltd acquired a new position in shares of General Mills during the 1st quarter valued at $26,000. Bruce G. Allen Investments LLC boosted its position in General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares during the period. Finally, Main Street Group LTD purchased a new stake in General Mills during the 1st quarter worth $27,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective on shares of General Mills in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their target price on General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Barclays lowered their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. UBS Group set a $33.00 price target on General Mills in a research report on Monday, July 6th. Finally, BNP Paribas Exane upped their price target on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, General Mills has a consensus rating of “Reduce” and a consensus price target of $39.16.

General Mills Stock Performance

Shares of GIS stock opened at $38.87 on Friday. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The firm has a market capitalization of $20.75 billion, a P/E ratio of -215.94 and a beta of -0.03. The company’s fifty day moving average price is $35.98 and its two-hundred day moving average price is $37.96.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating 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 period last year, the firm earned $0.53 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, research analysts anticipate that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio is presently -1,355.56%.

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.