CMH Wealth Management LLC Sells 22,475 Shares of General Mills, Inc. $GIS

CMH Wealth Management LLC decreased its position in General Mills, Inc. (NYSE:GIS) by 60.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,435 shares of the company’s stock after selling 22,475 shares during the period. CMH Wealth Management LLC’s holdings in General Mills were worth $502,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in GIS. Sigma Planning Corp lifted its holdings in General Mills by 71.2% during the second quarter. Sigma Planning Corp now owns 101,528 shares of the company’s stock worth $3,533,000 after acquiring an additional 42,241 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of General Mills by 11.2% in the second quarter. Benjamin Edwards Inc. now owns 69,301 shares of the company’s stock worth $2,412,000 after acquiring an additional 6,963 shares in the last quarter. Flputnam Investment Management Co. raised its position in shares of General Mills by 4.7% during the second quarter. Flputnam Investment Management Co. now owns 33,903 shares of the company’s stock worth $1,180,000 after purchasing an additional 1,535 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of General Mills by 1.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,715 shares of the company’s stock worth $1,765,000 after purchasing an additional 518 shares during the period. Finally, Hollencrest Capital Management lifted its holdings in shares of General Mills by 43.5% during the 2nd quarter. Hollencrest Capital Management now owns 3,300 shares of the company’s stock valued at $115,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $41.25 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The business has a 50-day moving average of $37.47 and a 200-day moving average of $37.40. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of -229.15 and a beta of -0.03. General Mills, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $51.33.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. General Mills’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. As a group, sell-side analysts predict that General Mills, Inc. will post 3.06 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. Stockholders of record on Friday, July 10th were paid a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.9%. General Mills’s dividend payout ratio is currently -1,355.56%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GIS shares. Deutsche Bank Aktiengesellschaft boosted their price objective on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Sanford C. Bernstein lowered shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Wednesday, June 3rd. Wells Fargo & Company increased their price objective on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Barclays dropped their price objective on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Finally, Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target 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.