General Mills, Inc. $GIS Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its holdings in General Mills, Inc. (NYSE:GIS) by 221.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 91,726 shares of the company’s stock after buying an additional 63,181 shares during the period. Concurrent Investment Advisors LLC’s holdings in General Mills were worth $3,192,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Reflection Asset Management acquired a new position in General Mills in the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills during the 4th quarter worth approximately $26,000. Brown Shipley& Co Ltd acquired a new stake in General Mills during the 1st quarter worth approximately $26,000. Silvant Capital Management LLC purchased a new position in shares of General Mills in the 2nd quarter valued at approximately $26,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of General Mills by 139.8% in the fourth 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. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GIS shares. Barclays cut their price target on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Jefferies Financial Group lifted 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. TD Cowen dropped their price objective on shares of General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upped their price objective 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. Finally, Morgan Stanley reduced their target price on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $39.37.

General Mills Trading Up 0.2%

Shares of GIS stock opened at $38.36 on Tuesday. The business’s fifty day moving average price is $37.89 and its 200 day moving average price is $37.11. General Mills, Inc. has a 1-year low of $31.75 and a 1-year high of $51.33. The firm has a market capitalization of $20.51 billion, a PE ratio of -213.10, a P/E/G ratio of 2.08 and a beta of -0.01. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter last year, the company earned $0.53 earnings per share. 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. As a group, sell-side analysts forecast that General Mills, Inc. will post 3.06 EPS for the current fiscal year.

General Mills Announces Dividend

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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

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.