21,647 Shares in General Mills, Inc. $GIS Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,647 shares of the company’s stock, valued at approximately $753,000.

A number of other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings 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 during the period. KBC Group NV lifted its position in shares of General Mills by 40.5% during the 1st quarter. KBC Group NV now owns 771,730 shares of the company’s stock valued at $28,724,000 after buying an additional 222,602 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of General Mills by 140.2% during the 4th quarter. Fifth Third Bancorp now owns 87,060 shares of the company’s stock valued at $4,048,000 after buying an additional 50,822 shares in the last quarter. Delta Global Management LP bought a new position in shares of General Mills during the 1st quarter valued at approximately $1,849,000. Finally, Wealthfront Advisers LLC bought a new position in shares of General Mills during the 2nd quarter valued at approximately $21,342,000. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GIS shares. JPMorgan Chase & Co. increased their target price on shares of General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. Morgan Stanley dropped their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, June 5th. Wells Fargo & Company increased their price objective on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Bank of America raised their price objective on shares of General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, UBS Group set a $33.00 target price on shares of General Mills in a research note on Monday, July 6th. Four investment 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 MarketBeat.com, General Mills presently has an average rating of “Reduce” and an average price target of $39.16.

General Mills Trading Up 0.1%

GIS stock opened at $39.99 on Monday. General Mills, Inc. has a 1-year low of $31.75 and a 1-year 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 company has a market capitalization of $21.38 billion, a price-to-earnings ratio of -222.15 and a beta of -0.03. The business has a 50 day simple moving average of $36.64 and a two-hundred day simple moving average of $37.71.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The business had revenue of $4.61 billion during 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 company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts anticipate that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid 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 presently -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.