Callan Family Office LLC Makes New $634,000 Investment in General Mills, Inc. $GIS

Callan Family Office LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,214 shares of the company’s stock, valued at approximately $634,000.

Several other large investors have also recently modified their holdings of GIS. BNP Paribas Financial Markets increased its stake in shares of General Mills by 13.1% in the fourth quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock worth $57,985,000 after buying an additional 144,631 shares during the period. KBC Group NV boosted its position in General Mills by 40.5% during the 1st quarter. KBC Group NV now owns 771,730 shares of the company’s stock valued at $28,724,000 after buying an additional 222,602 shares during the period. Fifth Third Bancorp boosted its position in General Mills by 140.2% during the 4th quarter. Fifth Third Bancorp now owns 87,060 shares of the company’s stock valued at $4,048,000 after buying an additional 50,822 shares during the period. Delta Global Management LP bought a new stake in General Mills in the 1st quarter worth $1,849,000. Finally, Wealthfront Advisers LLC bought a new stake in General Mills in the 2nd quarter worth $21,342,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of GIS opened at $39.80 on Wednesday. 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 has a market cap of $21.28 billion, a P/E ratio of -221.10 and a beta of -0.03. The business’s 50 day moving average price is $36.88 and its 200-day moving average price is $37.61. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $51.33.

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

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.1%. General Mills’s dividend payout ratio is -1,355.56%.

Analysts Set New Price Targets

GIS has been the subject of several recent analyst reports. Piper Sandler lowered their price objective on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Morgan Stanley lowered their price target on General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, June 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price on shares of General Mills in a research note on Tuesday, June 2nd. TD Cowen decreased their target price on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Finally, BNP Paribas Exane raised their price target on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. 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. Based on data from MarketBeat.com, General Mills currently has an average rating of “Reduce” and an average target price 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.