Focus Partners Wealth Sells 44,227 Shares of General Mills, Inc. $GIS

Key Points

• Focus Partners Wealth reduced its stake in General Mills, Inc. by 6.4%, selling 44,227 shares and now owns approximately 0.12% of the company, valued at about $38.93 million.
• General Mills reported a quarterly EPS of $0.74, beating analysts' estimates, but its revenue fell by 3.3% year-over-year.
• The company recently increased its quarterly dividend to $0.61 per share, representing an annual yield of 4.9%.

Focus Partners Wealth reduced its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 6.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 651,050 shares of the company's stock after selling 44,227 shares during the quarter. Focus Partners Wealth owned approximately 0.12% of General Mills worth $38,926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GIS. Perkins Coie Trust Co raised its holdings in General Mills by 69.2% in the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in General Mills in the 1st quarter worth $34,000. GKV Capital Management Co. Inc. bought a new position in General Mills in the 1st quarter worth $34,000. MJT & Associates Financial Advisory Group Inc. bought a new position in General Mills in the 1st quarter worth $37,000. Finally, Pingora Partners LLC raised its holdings in General Mills by 416.7% in the 1st quarter. Pingora Partners LLC now owns 620 shares of the company's stock worth $37,000 after purchasing an additional 500 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on GIS. UBS Group decreased their price objective on shares of General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a report on Thursday, June 26th. Morgan Stanley restated an "underweight" rating and issued a $51.00 price objective (down from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Bank of America decreased their price target on shares of General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. Wells Fargo & Company set a $53.00 price target on shares of General Mills and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $45.00 price target (down from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, General Mills has an average rating of "Hold" and an average price target of $59.13.

General Mills Stock Down 0.7%

NYSE:GIS opened at $50.01 on Thursday. The firm has a market cap of $27.13 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.27 and a beta of -0.02. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67. General Mills, Inc. has a fifty-two week low of $48.29 and a fifty-two week high of $75.66. The firm has a 50-day simple moving average of $50.09 and a two-hundred day simple moving average of $54.36.

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

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a dividend of $0.61 per share. The ex-dividend date was Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 4.9%. This is an increase from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio (DPR) is 59.51%.

About General Mills

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.

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