CMH Wealth Management LLC Has $502,000 Stock Position in General Mills, Inc. $GIS

CMH Wealth Management LLC lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 60.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,435 shares of the company’s stock after selling 22,475 shares during the period. CMH Wealth Management LLC’s holdings in General Mills were worth $502,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GIS. Reflection Asset Management bought a new position in shares of General Mills during the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills during the 4th quarter valued at $26,000. Brown Shipley& Co Ltd bought a new position in General Mills during the first quarter worth $26,000. Silvant Capital Management LLC acquired a new position in shares of General Mills in the second quarter valued at $26,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

GIS has been the subject of several research analyst reports. UBS Group set a $33.00 target price on shares of General Mills in a report on Monday, July 6th. Jefferies Financial Group upped their target price on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company lifted their price target on General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. Finally, BNP Paribas Exane boosted their target price on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $39.16.

General Mills Trading Down 0.7%

Shares of GIS stock opened at $41.25 on Tuesday. General Mills, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $51.33. The stock’s fifty day moving average price is $37.47 and its two-hundred day moving average price is $37.40. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. The company has a market cap of $22.05 billion, a PE ratio of -229.15 and a beta of -0.03.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.General Mills’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts predict that General Mills, Inc. will post 3.06 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is presently -1,355.56%.

General Mills 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.