HF Advisory Group LLC Grows Stock Position in General Mills, Inc. $GIS

HF Advisory Group LLC boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 41.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,336 shares of the company’s stock after buying an additional 24,281 shares during the period. HF Advisory Group LLC’s holdings in General Mills were worth $2,900,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of General Mills in the 2nd quarter worth about $9,188,000. Bank of Nova Scotia grew its holdings in General Mills by 4.1% during the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock valued at $3,374,000 after purchasing an additional 2,552 shares during the last quarter. WINTON GROUP Ltd grew its holdings in General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock valued at $465,000 after purchasing an additional 4,752 shares during the last quarter. Daiwa Securities Group Inc. raised its position in General Mills by 4.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock worth $4,250,000 after purchasing an additional 3,814 shares during the period. Finally, Nebula Research & Development LLC raised its position in General Mills by 334.2% in 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 during the period. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on GIS. Bank of America boosted their target price on General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. UBS Group set a $33.00 target price on General Mills in a research note on Monday, July 6th. BTIG Research assumed coverage on General Mills in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Barclays decreased 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. Finally, BNP Paribas Exane boosted their price objective on General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $39.16.

General Mills Trading Up 2.0%

GIS stock opened at $36.81 on Friday. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. The firm’s 50-day moving average is $35.56 and its 200 day moving average is $38.18. The company has a market capitalization of $19.64 billion, a PE ratio of -204.47 and a beta of -0.03. 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 quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, research analysts anticipate that General Mills, Inc. will post 3.07 EPS for the current 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 paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s payout ratio is currently -1,355.56%.

Insider Buying and Selling

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. The trade was a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by insiders.

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.