Focus Partners Advisor Solutions LLC Makes New Investment in General Mills, Inc. $GIS

Focus Partners Advisor Solutions LLC bought a new stake in shares of General Mills, Inc. (NYSE:GIS) in the second quarter, Holdings Channel reports. The fund bought 71,557 shares of the company’s stock, valued at approximately $2,490,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Reflection Asset Management purchased a new position in General Mills during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in General Mills in the 4th quarter worth approximately $26,000. Brown Shipley& Co Ltd purchased a new stake in General Mills in the 1st quarter worth approximately $26,000. Bruce G. Allen Investments LLC boosted its holdings in General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the period. Finally, Main Street Group LTD bought a new position in General Mills in the 1st quarter valued at $27,000. 75.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group set a $33.00 price target on shares of General Mills in a report on Monday, July 6th. 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 report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft raised their price target on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Wells Fargo & Company lifted 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. Finally, Piper Sandler cut their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $39.16.

General Mills Stock Performance

Shares of GIS stock opened at $39.23 on Friday. The company has a market capitalization of $20.93 billion, a P/E ratio of -217.90 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. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. The stock has a 50 day moving average price of $36.10 and a two-hundred day moving average price of $37.97.

General Mills (NYSE:GIS) last issued 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 negative net margin of 0.48% and a positive return on equity of 21.37%. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter last year, the business earned $0.53 earnings per share. 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 expect that General Mills, Inc. will post 3.07 earnings per share for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is -1,355.56%.

General Mills 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.