225,809 Shares in General Mills, Inc. $GIS Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 225,809 shares of the company’s stock, valued at approximately $7,858,000.

Several other large investors have also recently modified their holdings of the business. Marshall Wace LLP bought a new stake in General Mills during the 2nd quarter valued at $9,188,000. Bank of Nova Scotia lifted its position in shares of General Mills by 4.1% during the second quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock worth $3,374,000 after acquiring an additional 2,552 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of General Mills by 112.6% in the second quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock worth $465,000 after acquiring an additional 4,752 shares during the period. Daiwa Securities Group Inc. grew its position in shares of General Mills by 4.9% in the second quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after purchasing an additional 3,814 shares in the last quarter. Finally, Nebula Research & Development LLC lifted its holdings in General Mills by 334.2% during the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock worth $1,012,000 after purchasing an additional 15,041 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GIS. Sanford C. Bernstein lowered General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price for the company. in a report on Wednesday, June 3rd. Zacks Research raised shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Jefferies Financial Group raised their price objective on shares of General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, UBS Group set a $33.00 target price on shares of General Mills in a research note on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, General Mills has a consensus rating of “Reduce” and an average price target of $39.16.

General Mills Stock Performance

NYSE:GIS opened at $40.06 on Thursday. The business’s 50-day moving average price is $37.01 and its two-hundred day moving average price is $37.55. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33. The stock has a market cap of $21.42 billion, a P/E ratio of -222.54 and a beta of -0.03. The company has a quick ratio of 0.40, a current ratio of 0.68 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 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.General Mills’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

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 $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.1%. General Mills’s dividend payout ratio is presently -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.