Csenge Advisory Group Buys Shares of 12,616 General Mills, Inc. $GIS

Csenge Advisory Group bought a new stake in General Mills, Inc. (NYSE:GIS) during the 2nd quarter, HoldingsChannel reports. The fund bought 12,616 shares of the company’s stock, valued at approximately $439,000.

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

Analyst Upgrades and Downgrades

GIS has been the topic of a number of research analyst reports. UBS Group set a $33.00 target price on General Mills in a report on Monday, July 6th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price objective on shares of General Mills in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $39.16.

General Mills Stock Down 0.7%

Shares of NYSE:GIS opened at $39.70 on Friday. The company has a fifty day moving average of $36.53 and a 200-day moving average of $37.75. The company has a market capitalization of $21.22 billion, a PE ratio of -220.54 and a beta of -0.03. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 21.37% and a negative net margin of 0.48%.General Mills’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio (DPR) is presently -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.