Integrity Alliance LLC. Invests $1.37 Million in General Mills, Inc. $GIS

Key Points

• Integrity Alliance LLC has acquired 22,829 shares of General Mills, Inc. for approximately $1,365,000, marking a significant new stake in the company during the first quarter.
• General Mills recently increased its quarterly dividend to $0.61 per share, reflecting a higher yield of 4.9% compared to the previous rate.
• Analysts have diverse ratings on General Mills, with the consensus being a "Hold" and an average target price of $59.13, while recent price targets have seen adjustments from various financial institutions.

Integrity Alliance LLC. purchased a new stake in General Mills, Inc. (NYSE:GIS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,829 shares of the company's stock, valued at approximately $1,365,000.

A number of other large investors have also added to or reduced their stakes in the business. Perpetual Ltd increased its stake in shares of General Mills by 3.5% in the 1st quarter. Perpetual Ltd now owns 5,411 shares of the company's stock valued at $324,000 after acquiring an additional 184 shares in the last quarter. Conning Inc. lifted its holdings in General Mills by 4.6% during the first quarter. Conning Inc. now owns 4,212 shares of the company's stock valued at $252,000 after purchasing an additional 185 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of General Mills by 0.4% during the first quarter. Benjamin Edwards Inc. now owns 52,298 shares of the company's stock valued at $3,127,000 after buying an additional 185 shares during the period. Eastern Bank increased its position in shares of General Mills by 0.8% in the first quarter. Eastern Bank now owns 24,817 shares of the company's stock worth $1,484,000 after purchasing an additional 186 shares during the last quarter. Finally, SPC Financial Inc. increased its position in shares of General Mills by 1.5% in the first quarter. SPC Financial Inc. now owns 13,452 shares of the company's stock worth $804,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 75.71% of the company's stock.

Analysts Set New Price Targets

GIS has been the subject of several research reports. The Goldman Sachs Group lowered General Mills from a "buy" rating to a "neutral" rating and cut their target price for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Wall Street Zen upgraded General Mills from a "sell" rating to a "hold" rating in a report on Saturday. Morgan Stanley reiterated an "underweight" rating and issued a $51.00 price objective (down previously from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Zacks Research upgraded General Mills from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, UBS Group reduced their price target on General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a report on Thursday, June 26th. Four 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 MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $59.13.

General Mills Stock Performance

Shares of GIS stock traded down $0.69 during trading hours on Friday, reaching $49.92. 4,339,821 shares of the company traded hands, compared to its average volume of 5,420,163. General Mills, Inc. has a 12-month low of $48.29 and a 12-month high of $75.66. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43. The company has a market cap of $27.08 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.28 and a beta of -0.02. The firm has a 50-day moving average price of $49.97 and a 200 day moving average price of $54.21.

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

General Mills Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a $0.61 dividend. This is a boost from General Mills's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 4.9%. General Mills's dividend payout ratio is currently 59.51%.

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.