Corient Private Wealth LP Acquires Shares of 291,270 General Mills, Inc. $GIS

Corient Private Wealth LP acquired a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 291,270 shares of the company's stock, valued at approximately $7,703,000. Corient Private Wealth LP owned approximately 0.05% of General Mills at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in General Mills in the second quarter valued at about $9,188,000. Bank of Nova Scotia lifted its holdings in General Mills by 4.1% during the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company's stock worth $3,374,000 after buying an additional 2,552 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company's stock worth $465,000 after buying an additional 4,752 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of General Mills by 4.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company's stock worth $4,250,000 after acquiring an additional 3,814 shares in the last quarter. Finally, Nebula Research & Development LLC grew its position in shares of General Mills by 334.2% in the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company's stock worth $1,012,000 after acquiring an additional 15,041 shares in the last quarter. Institutional investors own 75.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GIS. Sanford C. Bernstein lowered General Mills from a "market perform" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price objective on General Mills from $31.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, July 2nd. Zacks Research raised shares of General Mills from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 12th. UBS Group set a $33.00 target price on shares of General Mills in a research note on Monday, July 6th. Finally, Piper Sandler dropped their target price on shares of General Mills from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, May 13th. 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 MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $39.16.

General Mills Price Performance

NYSE:GIS opened at $41.55 on Monday. 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 stock has a 50 day moving average of $37.32 and a 200-day moving average of $37.45. The firm has a market capitalization of $22.21 billion, a PE ratio of -230.82 and a beta of -0.03. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $51.33.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results 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 positive return on equity of 21.37% and a negative net margin of 0.48%.The business had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter last year, the business posted $0.53 EPS. The business's revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts predict that General Mills, Inc. will post 3.06 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 5.9%. General Mills's dividend payout ratio (DPR) is currently -1,355.56%.

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.

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