Everest Financial Group LLC Buys Shares of 19,615 General Mills, Inc. $GIS

Everest Financial Group LLC bought a new position in General Mills, Inc. (NYSE:GIS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,615 shares of the company’s stock, valued at approximately $730,000.

Other large investors have also made changes to their positions in the company. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of General Mills by 1.9% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock worth $565,000 after purchasing an additional 225 shares during the period. Allegheny Financial Group raised its position in General Mills by 4.8% in the fourth quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after acquiring an additional 226 shares during the period. Stonebridge Capital Advisors LLC boosted its stake in shares of General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after acquiring an additional 226 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of General Mills by 3.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock valued at $320,000 after acquiring an additional 247 shares during the period. Finally, Montag A & Associates Inc. raised its holdings in General Mills by 5.7% in the 4th quarter. Montag A & Associates Inc. now owns 4,648 shares of the company’s stock worth $216,000 after purchasing an additional 249 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s 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 owned 86,002 shares in the company, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GIS has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company increased their target price on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. TD Cowen lowered their price target on shares of General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. BNP Paribas Exane upped their price target on shares of General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, UBS Group set a $33.00 price objective on shares of General Mills in a research note on Monday, July 6th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $39.16.

General Mills Stock Performance

NYSE GIS opened at $36.16 on Friday. 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, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33. The business has a 50-day moving average price of $34.97 and a 200-day moving average price of $38.72. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of -200.86 and a beta of -0.03.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the previous year, the firm earned $0.53 EPS. The firm’s 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, equities research analysts predict that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.7%. General Mills’s dividend payout ratio 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.