Empowered Funds LLC Purchases 41,587 Shares of General Mills, Inc. $GIS

Empowered Funds LLC boosted its position in General Mills, Inc. (NYSE:GIS) by 19.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,038 shares of the company’s stock after buying an additional 41,587 shares during the period. Empowered Funds LLC’s holdings in General Mills were worth $8,736,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GIS. Reflection Asset Management bought a new position in shares of General Mills in the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills during the 4th quarter valued at about $26,000. Brown Shipley& Co Ltd bought a new stake in shares of General Mills during the 1st quarter valued at about $26,000. Silvant Capital Management LLC acquired a new stake in General Mills during the second quarter worth approximately $26,000. Finally, Bruce G. Allen Investments LLC grew 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 purchasing an additional 337 shares during the period. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 2.7%

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

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.80 by $0.15. The business had revenue of $4.61 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities analysts expect that General Mills, Inc. will post 3.06 earnings per share for the current year.

General Mills Announces Dividend

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

Wall Street Analyst Weigh In

GIS has been the topic of several recent analyst reports. Piper Sandler dropped their price target on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. BNP Paribas Exane raised their price target on shares of General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Jefferies Financial Group raised their target price on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target on shares of General Mills in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, General Mills 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.