General Mills, Inc. (GIS) To Go Ex-Dividend on July 10th

General Mills, Inc. (NYSE:GIS) declared a quarterly dividend on Wednesday, July 1st. Shareholders of record on Friday, July 10th will be paid a dividend of 0.61 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, July 10th.

General Mills has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. General Mills has a dividend payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect General Mills to earn $3.36 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 72.6%.

General Mills Trading Down 0.7%

Shares of General Mills stock opened at $37.50 on Friday. The firm has a market cap of $20.01 billion, a PE ratio of -208.31 and a beta of -0.03. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.36. General Mills has a 1 year low of $31.75 and a 1 year high of $54.01. The company has a 50 day simple moving average of $34.23 and a two-hundred day simple moving average of $39.82.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. The firm 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 for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts expect that General Mills will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the transaction, the insider owned 86,002 shares in the company, valued at $2,947,288.54. The trade was a 10.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new stake in General Mills in the third quarter worth $25,000. Reflection Asset Management purchased a new position in shares of General Mills in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of General Mills during the 4th quarter worth approximately $26,000. Brown Shipley& Co Ltd purchased a new stake in General Mills in the first quarter valued at about $26,000. Finally, Bruce G. Allen Investments LLC lifted its stake 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 buying an additional 337 shares during the period. Institutional investors own 75.71% of the company’s stock.

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.