Toth Financial Advisory Corp Sells 14,624 Shares of General Mills, Inc. $GIS

Toth Financial Advisory Corp cut its position in General Mills, Inc. (NYSE:GIS) by 61.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,007 shares of the company’s stock after selling 14,624 shares during the period. Toth Financial Advisory Corp’s holdings in General Mills were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GIS. Reflection Asset Management bought a new stake in shares of General Mills during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of General Mills in the 4th quarter worth $26,000. Bruce G. Allen Investments LLC grew its position in General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the period. Zions Bancorporation National Association UT grew its position in General Mills by 248.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares during the period. Finally, Binnacle Investments Inc increased its stake in General Mills by 312.5% during 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 in the last quarter. 75.71% of the stock is owned by institutional investors.

General Mills Stock Performance

Shares of GIS opened at $41.55 on Friday. The stock has a 50 day moving average of $37.32 and a 200 day moving average of $37.53. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of -230.82 and a beta of -0.03. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68.

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. 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 quarter in the prior year, the company earned $0.53 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, sell-side analysts forecast that General Mills, Inc. will post 3.07 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 5.9%. General Mills’s payout ratio is currently -1,355.56%.

Analysts Set New Price Targets

GIS has been the topic of a number of recent research reports. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. TD Cowen decreased their target price on shares of General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price on shares of General Mills in a research report on Tuesday, June 2nd. Morgan Stanley lowered their target price on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $39.16.

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.