General Mills, Inc. $GIS Stake Boosted by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 31.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,570 shares of the company’s stock after purchasing an additional 17,715 shares during the quarter. United Capital Financial Advisors LLC’s holdings in General Mills were worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in General Mills in the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of General Mills during the fourth quarter valued at $26,000. Bruce G. Allen Investments LLC grew its position in shares of 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 during the last quarter. Zions Bancorporation National Association UT increased its holdings in shares of General Mills by 248.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after acquiring an additional 449 shares during the period. Finally, Binnacle Investments Inc lifted its position in General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on GIS. Jefferies Financial Group upped their target price on shares of General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, July 1st. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft increased their price objective on General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. UBS Group set a $33.00 target price on General Mills in a research note on Monday, July 6th. Finally, Bank of America boosted their price target on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $39.16.

General Mills Price Performance

NYSE GIS opened at $41.55 on Friday. General Mills, Inc. has a 12 month low of $31.75 and a 12 month 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 $22.21 billion, a PE ratio of -230.82 and a beta of -0.03. The company’s 50 day simple moving average is $37.32 and its 200 day simple moving average is $37.53.

General Mills (NYSE:GIS) last released its earnings results 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 firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

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. 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 payout ratio is currently -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.