20,774 Shares in General Mills, Inc. $GIS Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in General Mills, Inc. (NYSE:GIS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,774 shares of the company’s stock, valued at approximately $723,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Reflection Asset Management acquired a new position in shares of General Mills in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of General Mills during the 4th quarter worth $26,000. Brown Shipley& Co Ltd acquired a new stake in shares of General Mills during the 1st quarter worth $26,000. Bruce G. Allen Investments LLC raised its position in shares of General Mills by 139.8% in the 4th 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. Finally, Main Street Group LTD purchased a new position in shares of General Mills in the 1st quarter worth $27,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Bank of America lifted their price objective on General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Sanford C. Bernstein cut General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price for the company. in a report on Wednesday, June 3rd. Finally, Morgan Stanley dropped their target price on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $39.16.

General Mills Price Performance

GIS stock opened at $40.01 on Thursday. The stock’s 50 day moving average is $36.41 and its two-hundred day moving average is $37.80. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33. The company has a market capitalization of $21.39 billion, a PE ratio of -222.25 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 earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts predict that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, July 10th. General Mills’s dividend payout ratio is -1,355.56%.

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.