General Mills, Inc. $GIS Shares Purchased by Arkfeld Wealth Strategies L.L.C.

Key Points

• Arkfeld Wealth Strategies increased its General Mills stake by 234.4% in the second quarter, holding 39,441 shares valued at approximately $1.43 million. Institutional investors and hedge funds collectively own 75.71% of the company.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $39.16; recent analysts mostly lowered targets or maintained Hold and Sell ratings.
• General Mills exceeded quarterly earnings expectations, reporting $0.95 in adjusted earnings per share and $4.61 billion in revenue. The company also maintains a quarterly dividend of $0.61 per share, equivalent to a 6.4% annualized yield.

Arkfeld Wealth Strategies L.L.C. boosted its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 234.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,441 shares of the company's stock after buying an additional 27,648 shares during the quarter. Arkfeld Wealth Strategies L.L.C.'s holdings in General Mills were worth $1,425,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of General Mills in the fourth quarter worth $361,552,000. Wellington Management Group LLP boosted its stake in shares of General Mills by 2,970.1% during the fourth quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company's stock valued at $347,201,000 after acquiring an additional 7,223,487 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of General Mills by 366.1% during the fourth quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company's stock valued at $237,954,000 after acquiring an additional 4,019,319 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in General Mills during the 2nd quarter worth about $84,862,000. Finally, Arrowstreet Capital Limited Partnership increased its position in General Mills by 61.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company's stock worth $192,589,000 after purchasing an additional 1,573,444 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen cut their target price on shares of General Mills from $32.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, July 2nd. Morgan Stanley decreased their price target on shares of General Mills from $37.00 to $32.00 and set an "underweight" rating on the stock in a research note on Friday, June 5th. Stifel Nicolaus lowered their price target on shares of General Mills from $44.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, April 21st. Wells Fargo & Company boosted their price objective on shares of General Mills from $30.00 to $33.00 and gave the company an "underweight" rating in a research report on Thursday, July 2nd. Finally, UBS Group set a $33.00 price objective on shares of General Mills in a research note on Monday, July 6th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $39.16.

General Mills Price Performance

Shares of NYSE:GIS opened at $37.93 on Wednesday. The company has a market cap of $20.24 billion, a P/E ratio of -210.70 and a beta of -0.03. The business has a fifty day simple moving average of $35.72 and a 200-day simple moving average of $38.04. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $51.33. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68.

General Mills (NYSE:GIS - Get Free Report) last released 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. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities research analysts forecast that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.4%. General Mills's dividend payout ratio is currently -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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