Sigma Planning Corp Raises Position in General Mills, Inc. $GIS

Key Points

• Sigma Planning Corp increased its General Mills stake by 71.2% in the second quarter, adding 42,241 shares to own 101,528 shares valued at approximately $3.53 million. Institutional investors collectively own 75.71% of GIS shares.
• General Mills exceeded quarterly earnings expectations, reporting $0.95 earnings per share versus the $0.80 consensus and $4.61 billion in revenue. The company also reaffirmed fiscal 2027 EPS guidance of $3.00–$3.20.
• General Mills announced a quarterly dividend of $0.61 per share, equivalent to an annualized $2.44 dividend and a 5.9% yield. Wall Street sentiment remains cautious, with an average “Reduce” rating and a $39.16 price target.

Sigma Planning Corp lifted its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 71.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,528 shares of the company's stock after purchasing an additional 42,241 shares during the quarter. Sigma Planning Corp's holdings in General Mills were worth $3,533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. Reflection Asset Management purchased a new stake in General Mills in the fourth quarter valued at about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of General Mills during the fourth quarter worth about $26,000. Brown Shipley& Co Ltd acquired a new position in shares of General Mills during the first quarter valued at about $26,000. Silvant Capital Management LLC acquired a new position in shares of General Mills during the second quarter valued at about $26,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company's stock valued at $27,000 after purchasing an additional 337 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Price Performance

GIS stock opened at $41.55 on Monday. The firm's fifty day simple moving average is $37.32 and its 200-day simple moving average is $37.45. The company has a market capitalization of $22.21 billion, a P/E ratio of -230.82 and a beta of -0.03. 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 12 month low of $31.75 and a 12 month high of $51.33.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities research analysts forecast that General Mills, Inc. will post 3.06 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.9%. General Mills's dividend payout ratio (DPR) is presently -1,355.56%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GIS. Zacks Research upgraded shares of General Mills from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. BNP Paribas Exane upped their price target on shares of General Mills from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Thursday, July 2nd. Wells Fargo & Company raised their price target on shares of General Mills from $30.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, July 2nd. TD Cowen lowered their price objective 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. Finally, Barclays dropped their price objective on shares of General Mills from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, May 11th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, General Mills has an average rating of "Reduce" and an average 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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