50,715 Shares in General Mills, Inc. $GIS Purchased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management bought 50,715 General Mills shares during the second quarter, worth approximately $1.765 million. Several other institutional investors also initiated positions, and institutions collectively own 75.71% of the stock.
• Analyst sentiment remains cautious: General Mills has an average “Reduce” rating and a consensus price target of $39.16, with ratings spanning four Buys, 12 Holds, and six Sells.
• General Mills reported quarterly earnings of $0.95 per share, beating estimates of $0.80, while revenue reached $4.61 billion. The company also paid a quarterly dividend of $0.61 per share, representing an annualized yield of about 6.0%.

Northwestern Mutual Wealth Management Co. bought a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,715 shares of the company's stock, valued at approximately $1,765,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of General Mills during the 2nd quarter valued at approximately $1,764,000. Evolve Private Wealth LLC acquired a new stake in shares of General Mills in the 2nd quarter worth approximately $1,079,000. Farringdon Capital Ltd. acquired a new stake in shares of General Mills in the 2nd quarter worth approximately $328,000. Varma Mutual Pension Insurance Co purchased a new position in General Mills in the 2nd quarter valued at approximately $10,836,000. Finally, Westpac Banking Corp acquired a new position in General Mills during the second quarter worth $1,272,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIS has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their target price on General Mills from $33.00 to $36.00 and gave the stock a "hold" rating in a research report on Wednesday, July 1st. TD Cowen cut their price objective 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. Wells Fargo & Company upped their target price on General Mills from $30.00 to $33.00 and gave the company an "underweight" rating in a research note on Thursday, July 2nd. Barclays lowered their target price on General Mills from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 11th. Finally, Bank of America raised 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. Four research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $39.16.

General Mills Trading Up 2.4%

NYSE GIS opened at $40.92 on Tuesday. 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 $21.88 billion, a price-to-earnings ratio of -227.32 and a beta of -0.03. The company's 50 day moving average price is $36.77 and its 200 day moving average price is $37.67. General Mills, Inc. has a one year low of $31.75 and a one year high of $51.33.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.15. The company 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 company's revenue was up 1.2% compared to the same quarter last year. During the same quarter 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, sell-side analysts predict that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

The company also recently disclosed 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 yield of 6.0%. The ex-dividend date of this dividend was Friday, July 10th. General Mills's dividend payout ratio is presently -1,355.56%.

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.

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