Focus Partners Advisor Solutions LLC Makes New Investment in General Mills, Inc. $GIS

Focus Partners Advisor Solutions LLC bought a new position in General Mills, Inc. (NYSE:GIS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 71,557 shares of the company’s stock, valued at approximately $2,490,000.

Several other institutional investors also recently modified their holdings of GIS. State Street Corp increased its position in shares of General Mills by 0.4% during the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock valued at $1,700,060,000 after purchasing an additional 145,701 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in General Mills by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock valued at $915,953,000 after buying an additional 488,617 shares during the period. Geode Capital Management LLC increased its holdings in General Mills by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after buying an additional 172,200 shares during the last quarter. Morgan Stanley increased its holdings in General Mills by 2.1% during the fourth quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock worth $457,443,000 after buying an additional 200,043 shares during the last quarter. Finally, Invesco Ltd. raised its position in General Mills by 14.6% in the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock worth $408,291,000 after acquiring an additional 1,115,465 shares during the period. 75.71% of the stock is owned by institutional investors.

General Mills Price Performance

Shares of NYSE:GIS opened at $39.23 on Friday. The firm has a market capitalization of $20.93 billion, a PE ratio of -217.90 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. The company has a 50-day moving average price of $36.10 and a two-hundred day moving average price of $37.97. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33.

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, beating the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts forecast that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.2%. General Mills’s payout ratio is presently -1,355.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on GIS shares. Morgan Stanley dropped their target price on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, June 5th. Sanford C. Bernstein lowered shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Weiss Ratings upgraded General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Finally, UBS Group set a $33.00 price objective on General Mills in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, General Mills currently has a consensus rating of “Reduce” and a consensus price target of $39.16.

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.