Corient Private Wealth LP Acquires 185,903 Shares of General Mills, Inc. $GIS

Corient Private Wealth LP increased its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 176.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 291,270 shares of the company's stock after buying an additional 185,903 shares during the quarter. Corient Private Wealth LP owned 0.05% of General Mills worth $10,136,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Reflection Asset Management purchased a new position in General Mills in the fourth quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of General Mills during the 4th quarter worth approximately $26,000. Brown Shipley& Co Ltd bought a new stake in shares of General Mills in the 1st quarter worth approximately $26,000. Silvant Capital Management LLC bought a new stake in shares of General Mills in the 2nd quarter worth approximately $26,000. Finally, Bruce G. Allen Investments LLC lifted its stake in General Mills by 139.8% in 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 during the last quarter. Institutional investors own 75.71% of the company's stock.

General Mills Stock Up 2.7%

GIS opened at $41.55 on Friday. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. The company has a market cap of $22.21 billion, a PE ratio of -230.82 and a beta of -0.03. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. The company has a 50 day moving average of $37.32 and a 200 day moving average of $37.53.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.15. The business had revenue of $4.61 billion for 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 business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, sell-side analysts expect that General Mills, Inc. will post 3.06 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Friday, July 10th. General Mills's payout ratio is presently -1,355.56%.

Analyst Ratings Changes

Several brokerages have weighed in on GIS. Sanford C. Bernstein lowered General Mills from a "market perform" rating to an "underperform" rating and set a $31.00 price objective for the company. in a report on Wednesday, June 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 target price on shares of General Mills in a research note on Tuesday, June 2nd. BNP Paribas Exane increased their price target on General Mills from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. 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. Finally, Zacks Research upgraded General Mills from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. 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's stock. According to data from MarketBeat.com, General Mills currently has a consensus rating of "Reduce" and an average price target of $39.16.

General Mills 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.

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