Private Advisory Group LLC Purchases New Shares in General Mills, Inc. $GIS

Key Points

• Private Advisory Group LLC acquired 318,192 General Mills shares worth approximately $11.1 million, joining other institutions that increased their positions. Hedge funds and institutional investors own 75.71% of the company.
• General Mills reported quarterly EPS of $0.95, exceeding estimates of $0.80, while revenue rose 1.2% year over year to $4.61 billion. The company maintained fiscal 2027 EPS guidance of $3.00–$3.20.
• The company paid a quarterly dividend of $0.61 per share, equivalent to an annualized $2.44 and a 6.2% yield. Analysts remain cautious, with an average “Reduce” rating and a $39.16 price target.

Private Advisory Group LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 318,192 shares of the company's stock, valued at approximately $11,073,000. Private Advisory Group LLC owned approximately 0.06% of General Mills at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in General Mills during the second quarter worth about $9,188,000. Bank of Nova Scotia increased its stake in General Mills by 4.1% in the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company's stock valued at $3,374,000 after buying an additional 2,552 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company's stock worth $465,000 after buying an additional 4,752 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of General Mills by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company's stock worth $4,250,000 after buying an additional 3,814 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its stake in shares of General Mills by 334.2% in the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company's stock worth $1,012,000 after buying an additional 15,041 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Stock Up 0.8%

General Mills stock opened at $39.23 on Friday. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33. The firm has a 50 day moving average price of $36.10 and a 200-day moving average price of $37.97. The company has a market capitalization of $20.93 billion, a P/E ratio of -217.90 and a beta of -0.03. 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 issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter last year, the business posted $0.53 EPS. General Mills's quarterly revenue 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. As a group, equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, July 10th. General Mills's dividend payout ratio (DPR) is currently -1,355.56%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on GIS shares. Weiss Ratings raised General Mills from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 2nd. TD Cowen dropped their price target on General Mills from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, July 2nd. Zacks Research raised General Mills from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on General Mills from $33.00 to $36.00 and gave the stock a "hold" rating in a research report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on General Mills from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $39.16.

General Mills 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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