Evolve Private Wealth LLC Makes New $1.08 Million Investment in General Mills, Inc. $GIS

Evolve Private Wealth LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 31,003 shares of the company’s stock, valued at approximately $1,079,000.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. UBS Group set a $33.00 price objective on shares of General Mills in a research note on Monday, July 6th. Piper Sandler cut their target price on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Sanford C. Bernstein downgraded General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $39.16.

General Mills Trading Up 0.1%

GIS opened at $39.99 on Monday. 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 firm has a market capitalization of $21.38 billion, a price-to-earnings ratio of -222.15 and a beta of -0.03. The company’s 50 day moving average price is $36.64 and its two-hundred day moving average price is $37.71.

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

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

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.