Callan Family Office LLC Buys Shares of 18,214 General Mills, Inc. $GIS

Callan Family Office LLC purchased a new position in General Mills, Inc. (NYSE:GIS) in the second quarter, Holdings Channel.com reports. The firm purchased 18,214 shares of the company’s stock, valued at approximately $634,000.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in General Mills during the second quarter valued at approximately $2,181,608,000. State Street Corp raised its stake in General Mills by 0.4% during the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock valued at $1,700,060,000 after buying an additional 145,701 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of General Mills by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock valued at $915,953,000 after buying an additional 488,617 shares during the period. Geode Capital Management LLC lifted its holdings in shares of General Mills by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock valued at $704,170,000 after buying an additional 172,200 shares during the period. Finally, Morgan Stanley boosted its stake in shares of General Mills by 2.1% in the 4th quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock worth $457,443,000 after buying an additional 200,043 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group set a $33.00 price objective on General Mills in a research report on Monday, July 6th. Barclays dropped their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price target on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $39.16.

General Mills Price Performance

Shares of General Mills stock opened at $39.80 on Wednesday. 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 52 week low of $31.75 and a 52 week high of $51.33. The stock’s 50-day simple moving average is $36.88 and its 200-day simple moving average is $37.61. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of -221.10 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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter 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, analysts expect that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced 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 dividend yield of 6.1%. 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.