Global Retirement Partners LLC Invests $1.03 Million in General Mills, Inc. $GIS

Key Points

• Global Retirement Partners purchased 29,506 General Mills shares worth approximately $1.03 million, while institutional investors collectively own 75.71% of the company.
• General Mills exceeded quarterly earnings expectations, reporting EPS of $0.95 versus the $0.80 consensus estimate and revenue of $4.61 billion, up 1.2% year over year.
• The company paid a quarterly dividend of $0.61 per share, equivalent to an annualized $2.44 and a 6.4% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $39.16 price target.

Global Retirement Partners LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 29,506 shares of the company's stock, valued at approximately $1,027,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GIS. Reflection Asset Management purchased a new stake in General Mills during the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of General Mills in the fourth quarter worth $26,000. Brown Shipley& Co Ltd purchased a new position in shares of General Mills in the first quarter worth $26,000. Bruce G. Allen Investments LLC raised its stake in shares of General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company's stock worth $27,000 after purchasing an additional 337 shares during the last quarter. Finally, Main Street Group LTD bought a new position in shares of General Mills during the first quarter valued at $27,000. Institutional investors own 75.71% of the company's stock.

General Mills Stock Performance

GIS stock opened at $38.17 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The company has a market cap of $20.37 billion, a P/E ratio of -212.07 and a beta of -0.03. The stock's fifty day moving average price is $36.29 and its 200-day moving average price is $37.83.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $4.61 billion during the quarter, compared to analysts' expectations of $4.59 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. General Mills'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. On average, equities analysts forecast that General Mills, Inc. will post 3.07 earnings per share for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders 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 6.4%. The ex-dividend date was Friday, July 10th. General Mills's payout ratio is currently -1,355.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GIS shares. Weiss Ratings raised General Mills from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 2nd. UBS Group set a $33.00 target price on General Mills in a research report on Monday, July 6th. Zacks Research upgraded shares of General Mills from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. Morgan Stanley dropped their price target on shares of General Mills from $37.00 to $32.00 and set an "underweight" rating on the stock in a report on Friday, June 5th. Finally, TD Cowen reduced their price target 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. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $39.16.

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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