Integrated Wealth Concepts LLC Has $1.67 Million Stake in General Mills, Inc. $GIS

Key Points

• Integrated Wealth Concepts LLC increased its holdings in General Mills, Inc. by 22.2%, owning 27,995 shares valued at $1,674,000 as of the latest SEC filing.
• General Mills plans to pay a quarterly dividend of $0.61 per share, up from its previous $0.60, with an annualized yield of 4.8%.
• Recent analyst ratings for General Mills show mixed opinions, with four "Buy" ratings, nine "Hold", and three "Sell", while the consensus price target is set at $59.13.

Integrated Wealth Concepts LLC raised its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 22.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,995 shares of the company's stock after purchasing an additional 5,095 shares during the quarter. Integrated Wealth Concepts LLC's holdings in General Mills were worth $1,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perkins Coie Trust Co boosted its stake in General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of General Mills during the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. acquired a new stake in shares of General Mills during the 1st quarter valued at $34,000. Heck Capital Advisors LLC acquired a new stake in shares of General Mills during the 4th quarter valued at $38,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of General Mills during the 1st quarter valued at $37,000. 75.71% of the stock is owned by institutional investors.

General Mills Stock Down 1.4%

NYSE GIS traded down $0.69 on Friday, reaching $49.92. The stock had a trading volume of 4,339,821 shares, compared to its average volume of 5,420,163. The business has a 50 day moving average price of $50.04 and a 200 day moving average price of $54.29. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. General Mills, Inc. has a 1 year low of $48.29 and a 1 year high of $75.66. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.28 and a beta of -0.02.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The firm 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 company posted $1.01 earnings per share. The business'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. On average, analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were paid a $0.61 dividend. 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. The ex-dividend date was Thursday, July 10th. General Mills's dividend payout ratio is presently 59.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America cut their price objective on General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Wall Street Zen downgraded General Mills from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Stifel Nicolaus cut their price objective on General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Royal Bank Of Canada upgraded General Mills from a "sector perform" rating to an "outperform" rating and cut their price objective for the company from $67.00 to $63.00 in a research report on Thursday, June 26th. Finally, UBS Group cut their price objective on General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a research report on Thursday, June 26th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.13.

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.