General Mills, Inc. $GIS Stake Boosted by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC grew its position in General Mills, Inc. (NYSE:GIS) by 31.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,570 shares of the company’s stock after purchasing an additional 17,715 shares during the period. United Capital Financial Advisors LLC’s holdings in General Mills were worth $2,560,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in General Mills by 13.1% in the fourth quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock valued at $57,985,000 after purchasing an additional 144,631 shares during the period. KBC Group NV grew its position in General Mills by 40.5% in the 1st quarter. KBC Group NV now owns 771,730 shares of the company’s stock valued at $28,724,000 after purchasing an additional 222,602 shares during the period. Bank of Nova Scotia bought a new stake in General Mills during the 2nd quarter worth approximately $5,195,000. Fifth Third Bancorp grew its position in General Mills by 140.2% in the 4th quarter. Fifth Third Bancorp now owns 87,060 shares of the company’s stock worth $4,048,000 after purchasing an additional 50,822 shares in the last quarter. Finally, Delta Global Management LP purchased a new stake in shares of General Mills during the 1st quarter valued at $1,849,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Price Performance

GIS stock opened at $41.55 on Friday. The company has a market cap of $22.21 billion, a P/E ratio of -230.82 and a beta of -0.03. The firm has a 50-day moving average of $37.32 and a 200 day moving average of $37.53. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40.

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, topping 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 business 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 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, sell-side analysts forecast that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GIS shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target on shares of General Mills in a research report on Tuesday, June 2nd. UBS Group set a $33.00 price objective on General Mills in a research note on Monday, July 6th. Wells Fargo & Company boosted their price target on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Finally, Sanford C. Bernstein cut shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research report on Wednesday, June 3rd. 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 data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus 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.