Surience Private Wealth LLC Purchases Shares of 89,824 General Mills, Inc. $GIS

Surience Private Wealth LLC purchased a new stake in shares of General Mills, Inc. (NYSE:GIS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 89,824 shares of the company’s stock, valued at approximately $3,126,000. General Mills comprises about 2.7% of Surience Private Wealth LLC’s portfolio, making the stock its 11th largest position.

A number of other hedge funds also recently modified their holdings of GIS. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in shares of General Mills by 1.9% in the fourth 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 last quarter. Allegheny Financial Group raised its position in General Mills by 4.8% during the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after purchasing an additional 226 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in 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 buying an additional 226 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in General Mills by 3.7% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock worth $320,000 after buying an additional 247 shares during the period. Finally, Montag A & Associates Inc. grew its position in shares of General Mills by 5.7% in the 4th quarter. Montag A & Associates Inc. now owns 4,648 shares of the company’s stock valued at $216,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

GIS has been the subject of a number of analyst reports. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Bank of America upped their target price on General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Piper Sandler decreased their target price on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft boosted their price target 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 price objective 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. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and an average target price of $39.16.

General Mills Stock Up 0.8%

Shares of General Mills stock opened at $39.23 on Friday. General Mills, Inc. has a one year low of $31.75 and a one year high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The stock’s 50-day moving average is $36.10 and its 200 day moving average is $37.97. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of -217.90 and a beta of -0.03.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The business 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 firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $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 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.2%. General Mills’s dividend payout ratio (DPR) is -1,355.56%.

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.