Surience Private Wealth LLC Acquires Shares of 89,824 General Mills, Inc. $GIS

Key Points

• Surience Private Wealth LLC acquired 89,824 General Mills shares worth approximately $3.1 million, making GIS 2.7% of its portfolio and its 11th-largest holding. Institutional investors collectively own 75.71% of the company.
• Analyst sentiment remains cautious: General Mills has a consensus rating of “Reduce” from MarketBeat, with 4 Buy, 12 Hold and 6 Sell ratings and an average price target of $39.16.
• General Mills beat quarterly earnings expectations with $0.95 in EPS versus $0.80 forecast and $4.61 billion in revenue, while maintaining a quarterly dividend of $0.61 per share, equivalent to a 6.2% annualized yield.

Surience Private Wealth LLC bought a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 89,824 shares of the company's stock, valued at approximately $3,126,000. General Mills makes up 2.7% of Surience Private Wealth LLC's investment portfolio, making the stock its 11th largest holding.

Several other hedge funds also recently made changes to their positions in GIS. LBP AM SA bought a new stake in shares of General Mills during the 4th quarter worth approximately $2,639,000. BNP Paribas Financial Markets raised its position in General Mills by 13.1% during the fourth quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company's stock valued at $57,985,000 after purchasing an additional 144,631 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in General Mills by 10.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 711,120 shares of the company's stock worth $33,186,000 after purchasing an additional 65,817 shares during the last quarter. KBC Group NV boosted its holdings in shares of General Mills by 40.5% in the 1st quarter. KBC Group NV now owns 771,730 shares of the company's stock valued at $28,724,000 after purchasing an additional 222,602 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of General Mills by 140.2% in the 4th quarter. Fifth Third Bancorp now owns 87,060 shares of the company's stock valued at $4,048,000 after purchasing an additional 50,822 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley lowered their price target on General Mills from $37.00 to $32.00 and set an "underweight" rating for the company in a report on Friday, June 5th. UBS Group set a $33.00 target price on General Mills in a research note on Monday, July 6th. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 target price on shares of General Mills in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of General Mills from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, July 2nd. Finally, Zacks Research raised shares of General Mills from a "strong sell" rating to a "hold" rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $39.16.

General Mills Stock Up 0.8%

Shares of GIS opened at $39.23 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $51.33. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of -217.90 and a beta of -0.03. The stock has a fifty day moving average of $36.10 and a 200-day moving average of $37.97.

General Mills (NYSE:GIS - Get Free Report) last issued 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. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the previous year, the company 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, sell-side analysts anticipate that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Friday, July 10th. General Mills's payout ratio is -1,355.56%.

About General Mills

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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