Everett Harris & Co. CA Purchases Shares of 14,412 General Mills, Inc. $GIS

Everett Harris & Co. CA acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,412 shares of the company’s stock, valued at approximately $502,000.

Other large investors have also added to or reduced their stakes in the company. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in General Mills by 1.9% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock valued at $565,000 after purchasing an additional 225 shares in the last quarter. Allegheny Financial Group grew its stake in shares of General Mills by 4.8% in the fourth quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock valued at $228,000 after buying an additional 226 shares in the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of General Mills by 0.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in General Mills by 3.7% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock worth $320,000 after buying an additional 247 shares during the last quarter. Finally, Montag A & Associates Inc. increased its holdings in General Mills by 5.7% during the fourth quarter. Montag A & Associates Inc. now owns 4,648 shares of the company’s stock worth $216,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Up 0.8%

General Mills stock opened at $39.23 on Friday. The stock has a market cap of $20.93 billion, a P/E ratio of -217.90 and a beta of -0.03. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33. The company’s 50-day moving average price is $36.10 and its two-hundred day moving average price is $37.97.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm 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 business posted $0.53 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, analysts expect that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a $0.61 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.2%. General Mills’s payout ratio is -1,355.56%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday. BNP Paribas Exane raised their target price on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. 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 report on Thursday, July 2nd. Jefferies Financial Group upped their price objective on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of General Mills in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and a consensus price target of $39.16.

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.