Stephens Inc. AR Has $3.24 Million Stock Position in General Mills, Inc. $GIS

Stephens Inc. AR lifted its position in General Mills, Inc. (NYSE:GIS) by 28.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,808 shares of the company’s stock after acquiring an additional 19,001 shares during the quarter. Stephens Inc. AR’s holdings in General Mills were worth $3,240,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GIS. Vermillion & White Wealth Management Group LLC acquired a new stake in General Mills during the third quarter valued at $25,000. Reflection Asset Management acquired a new stake in shares of General Mills during the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills in the 4th quarter valued at approximately $26,000. Bruce G. Allen Investments LLC increased its holdings in General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after buying an additional 337 shares during the last quarter. Finally, Zions Bancorporation National Association UT raised its position in General Mills by 248.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In related news, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the sale, the insider directly owned 86,002 shares in the company, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of 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. BNP Paribas Exane upped 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. Royal Bank Of Canada lowered their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. TD Cowen reduced their price target on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, General Mills currently has an average rating of “Reduce” and an average target price of $39.16.

General Mills Trading Down 1.9%

General Mills stock opened at $36.38 on Thursday. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $52.07. 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 firm has a market capitalization of $19.42 billion, a PE ratio of -202.09 and a beta of -0.03. The business’s 50-day simple moving average is $34.37 and its 200-day simple moving average is $39.51.

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. The firm 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 firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities research analysts forecast that General Mills, Inc. will post 3.07 earnings per share for the current year.

General Mills Dividend Announcement

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