Sanctuary Advisors LLC Buys 50,258 Shares of General Mills, Inc. $GIS

Sanctuary Advisors LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 163.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 81,014 shares of the company’s stock after buying an additional 50,258 shares during the quarter. Sanctuary Advisors LLC’s holdings in General Mills were worth $3,015,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in General Mills during the fourth quarter worth $361,552,000. Wellington Management Group LLP raised its stake in shares of General Mills by 2,970.1% in the fourth quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after acquiring an additional 7,223,487 shares during the period. AQR Capital Management LLC raised its stake in shares of General Mills by 366.1% in the fourth quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after acquiring an additional 4,019,319 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in shares of General Mills in the second quarter valued at $84,862,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of General Mills by 61.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock worth $192,589,000 after acquiring an additional 1,573,444 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at General Mills

In other news, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by corporate insiders.

General Mills Stock Performance

Shares of NYSE:GIS opened at $37.64 on Tuesday. The firm has a market cap of $20.09 billion, a PE ratio of -209.11 and a beta of -0.03. The firm’s 50 day simple moving average is $34.73 and its 200-day simple moving average is $38.94. General Mills, Inc. has a one year low of $31.75 and a one year high of $51.68. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.15. The firm had revenue of $4.61 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, July 10th. General Mills’s dividend payout ratio is currently -1,355.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GIS shares. Bank of America lifted their price target on shares of General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Weiss Ratings raised General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Morgan Stanley reduced their price target on General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 5th. TD Cowen decreased their price target on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $39.16.

General Mills Company 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.