18,671 Shares in General Mills, Inc. $GIS Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in General Mills, Inc. (NYSE:GIS) during the second quarter, HoldingsChannel reports. The fund bought 18,671 shares of the company’s stock, valued at approximately $650,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Reflection Asset Management acquired a new stake in General Mills during the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of General Mills in the fourth quarter worth $26,000. Brown Shipley& Co Ltd acquired a new stake in shares of General Mills in the first quarter worth $26,000. Silvant Capital Management LLC purchased a new position in shares of General Mills during the second quarter worth $26,000. Finally, Bruce G. Allen Investments LLC raised its holdings 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 purchasing an additional 337 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. BNP Paribas Exane upped their price target on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Wells Fargo & Company lifted their price objective on General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Jefferies Financial Group boosted their price objective on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, July 1st. Bank of America upped their target price on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Finally, Piper Sandler dropped their target price on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Four equities 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. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $39.16.

General Mills Stock Performance

Shares of NYSE:GIS opened at $40.92 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The firm has a market capitalization of $21.88 billion, a PE ratio of -227.32 and a beta of -0.03. The business’s 50 day moving average price is $36.77 and its 200-day moving average price is $37.67.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, July 1st. The company reported $0.95 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 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities research analysts expect that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.61 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.0%. General Mills’s dividend payout ratio is presently -1,355.56%.

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.