General Mills, Inc. $GIS Shares Bought by Syon Capital LLC

Syon Capital LLC grew its holdings in General Mills, Inc. (NYSE:GIS) by 248.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,954 shares of the company’s stock after buying an additional 17,070 shares during the quarter. Syon Capital LLC’s holdings in General Mills were worth $834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Reflection Asset Management acquired a new stake in General Mills in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new position in General Mills during the fourth quarter worth $26,000. Brown Shipley& Co Ltd acquired a new position in General Mills during the first quarter worth $26,000. Silvant Capital Management LLC purchased a new position in General Mills during the second quarter valued at $26,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in General Mills by 139.8% during 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 in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Price Performance

General Mills stock opened at $38.36 on Monday. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33. The firm has a market capitalization of $20.51 billion, a price-to-earnings ratio of -213.10, a PEG ratio of 2.08 and a beta of -0.01. The company has a fifty day simple moving average of $37.85 and a 200-day simple moving average of $37.16. 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 (NYSE:GIS) last issued its earnings results on Wednesday, July 1st. The company reported $0.95 EPS 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 analysts’ expectations of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 3.06 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is -1,355.56%.

Analysts Set New Price Targets

GIS has been the subject of a number of research reports. UBS Group set a $33.00 target price on shares of General Mills in a research note on Monday, July 6th. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Jefferies Financial Group lifted their price objective on General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, July 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective on shares of General Mills in a research note on Tuesday, June 2nd. Finally, BNP Paribas Exane increased their target price on General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $39.37.

About General Mills

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.