Ascentis Independent Advisors Purchases New Position in General Mills, Inc. $GIS

Ascentis Independent Advisors acquired a new stake in shares of General Mills, Inc. (NYSE:GIS) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,638 shares of the company’s stock, valued at approximately $694,000.

Other institutional investors have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of General Mills during the 3rd quarter worth about $25,000. Reflection Asset Management purchased a new stake in General Mills in the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in General Mills in the fourth quarter worth about $26,000. Bruce G. Allen Investments LLC lifted its stake in General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after purchasing an additional 337 shares during the last quarter. Finally, Zions Bancorporation National Association UT boosted its position in shares of General Mills by 248.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after buying an additional 449 shares during the period. 75.71% of the stock is owned by institutional investors.

Insider Activity at General Mills

In related news, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the transaction, the insider owned 62,283 shares in the company, valued at $2,148,763.50. The trade was a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was 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 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. Insiders own 0.30% of the company’s stock.

General Mills Trading Down 1.9%

Shares of NYSE:GIS opened at $36.38 on Thursday. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $52.07. The business’s fifty day simple moving average is $34.37 and its 200-day simple moving average is $39.51. The company has a market capitalization of $19.42 billion, a PE ratio of -202.09 and a beta of -0.03. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.61 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.7%. General Mills’s payout ratio is presently -1,355.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings raised General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. UBS Group set a $33.00 price target on shares of General Mills in a research note on Monday. Mizuho decreased their price objective on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. BNP Paribas Exane boosted their price objective on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target 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.