Apexium Financial LP Acquires Shares of 14,513 General Mills, Inc. $GIS

Key Points

• Apexium Financial LP purchased 14,513 shares of General Mills, valued at approximately $868,000, marking a new investment during the first quarter.
• General Mills recently declared an increased quarterly dividend of $0.61 per share, reflecting a 4.9% dividend yield for shareholders.
• The company reported $0.74 EPS for the last quarter, surpassing analyst expectations, but saw a 3.3% decline in year-over-year revenue.

Apexium Financial LP purchased a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,513 shares of the company's stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Perkins Coie Trust Co lifted its stake in General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after acquiring an additional 211 shares during the period. Smallwood Wealth Investment Management LLC bought a new stake in shares of General Mills in the 1st quarter valued at about $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of General Mills in the 1st quarter worth approximately $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of General Mills during the first quarter valued at approximately $37,000. Finally, Heck Capital Advisors LLC bought a new position in shares of General Mills during the fourth quarter valued at approximately $38,000. Institutional investors own 75.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GIS. Morgan Stanley restated an "underweight" rating and set a $51.00 target price (down previously from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Barclays dropped their price objective on General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 26th. Bank of America reduced their target price on shares of General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Stifel Nicolaus decreased their price target on shares of General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Finally, Wall Street Zen raised shares of General Mills from a "sell" rating to a "hold" rating in a research report on Sunday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, General Mills currently has an average rating of "Hold" and a consensus target price of $59.13.

General Mills Stock Performance

Shares of NYSE GIS traded up $0.85 during mid-day trading on Friday, hitting $49.29. The stock had a trading volume of 4,862,953 shares, compared to its average volume of 5,605,655. The company has a 50 day moving average of $50.53 and a two-hundred day moving average of $54.93. General Mills, Inc. has a twelve month low of $48.29 and a twelve month high of $75.90. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67. The firm has a market cap of $26.73 billion, a PE ratio of 12.02, a PEG ratio of 1.24 and a beta of -0.01.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the business earned $1.01 EPS. The company's quarterly revenue was down 3.3% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. This is a boost from General Mills's previous quarterly dividend of $0.60. General Mills's payout ratio is 59.51%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.