15,445 Shares in General Mills, Inc. $GIS Purchased by Capstone Wealth Management LLC

Capstone Wealth Management LLC acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,445 shares of the company’s stock, valued at approximately $537,000.

A number of other large investors also recently added to or reduced their stakes in GIS. Reflection Asset Management acquired a new stake in shares of General Mills during the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills during the fourth quarter worth approximately $26,000. Brown Shipley& Co Ltd acquired a new position in General Mills in the first quarter valued at approximately $26,000. Bruce G. Allen Investments LLC boosted its stake in General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after acquiring an additional 337 shares during the last quarter. Finally, Main Street Group LTD acquired a new stake in General Mills during the 1st quarter worth $27,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Trading Up 1.8%

NYSE:GIS opened at $38.87 on Friday. General Mills, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The stock has a market capitalization of $20.75 billion, a PE ratio of -215.94 and a beta of -0.03. The business’s 50-day simple moving average is $35.98 and its 200-day simple moving average is $37.96.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.General Mills’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Sell-side analysts expect that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Friday, July 10th. General Mills’s dividend payout ratio is -1,355.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GIS shares. Deutsche Bank Aktiengesellschaft increased their price target on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Piper Sandler decreased their target price on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. TD Cowen lowered their price target on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Sanford C. Bernstein lowered shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Wednesday, June 3rd. Finally, Barclays lowered their target price on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, General Mills has an average rating of “Reduce” and a consensus 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.