Tejara Capital Ltd Takes $633,000 Position in General Mills, Inc. $GIS

Tejara Capital Ltd acquired a new position in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, Holdings Channel reports. The fund acquired 18,200 shares of the company’s stock, valued at approximately $633,000.

Several other large investors also recently made changes to their positions in GIS. Reflection Asset Management acquired a new position in shares of General Mills during the fourth quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in General Mills in the 4th quarter worth about $26,000. Brown Shipley& Co Ltd purchased a new stake in shares of General Mills during the first quarter valued at approximately $26,000. Bruce G. Allen Investments LLC raised its position 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 acquiring an additional 337 shares during the period. Finally, Main Street Group LTD purchased a new position in General Mills in the first quarter valued at approximately $27,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Performance

General Mills stock opened at $39.70 on Friday. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The stock’s 50 day moving average is $36.53 and its 200 day moving average is $37.75. The company has a market capitalization of $21.22 billion, a P/E ratio of -220.54 and a beta of -0.03.

General Mills (NYSE:GIS) last posted its quarterly 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 firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. General Mills’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, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given 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 yield of 6.1%. General Mills’s dividend payout ratio is -1,355.56%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BNP Paribas Exane increased their target price on shares of General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. raised their price target on General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Wells Fargo & Company upped their target price on General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Finally, Barclays reduced their price objective on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, General Mills has a consensus rating of “Reduce” and an average target price 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.