Sanctuary Advisors LLC Purchases New Holdings in General Mills, Inc. $GIS

Sanctuary Advisors LLC purchased a new stake in General Mills, Inc. (NYSE:GIS) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 40,149 shares of the company’s stock, valued at approximately $1,397,000.

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

General Mills Price Performance

NYSE:GIS opened at $40.06 on Thursday. The firm has a market cap of $21.42 billion, a PE ratio of -222.54 and a beta of -0.03. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. 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’s 50-day moving average price is $37.01 and its two-hundred day moving average price is $37.55.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.15. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.1%. General Mills’s dividend payout ratio is -1,355.56%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GIS. Bank of America increased their price target on shares of General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Morgan Stanley lowered their price objective on General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, June 5th. UBS Group set a $33.00 target price on General Mills in a report on Monday, July 6th. Barclays cut their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Finally, Jefferies Financial Group boosted their price target on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average 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.