MADDEN SECURITIES Corp Has $1.43 Million Holdings in General Mills, Inc. $GIS

MADDEN SECURITIES Corp raised its stake in General Mills, Inc. (NYSE:GIS) by 137.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,070 shares of the company’s stock after purchasing an additional 23,780 shares during the period. MADDEN SECURITIES Corp’s holdings in General Mills were worth $1,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GIS. Reflection Asset Management bought a new position in shares of General Mills during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills in the fourth quarter valued at about $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after buying an additional 337 shares during the period. Zions Bancorporation National Association UT grew its position in General Mills by 248.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after buying an additional 449 shares in the last quarter. Finally, Binnacle Investments Inc grew its position in General Mills by 312.5% during the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after buying an additional 500 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Up 0.8%

Shares of GIS opened at $39.23 on Friday. The stock has a market cap of $20.93 billion, a price-to-earnings 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. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. 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 (NYSE:GIS) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating 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 the consensus estimate of $4.59 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Announces Dividend

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

Analysts Set New Price Targets

GIS has been the subject of several recent research reports. Bank of America upped their price target on General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Weiss Ratings raised General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price objective on General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. Wells Fargo & Company upped their target price on General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Finally, Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Four 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, the company currently has an average rating of “Reduce” and a consensus target price 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.