B. Metzler seel. Sohn & Co. AG Makes New $1.57 Million Investment in General Mills, Inc. $GIS

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,059 shares of the company's stock, valued at approximately $1,568,000.

A number of other large investors also recently bought and sold shares of GIS. Reflection Asset Management bought a new stake in General Mills during the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills during the fourth quarter worth about $26,000. Brown Shipley& Co Ltd bought a new position in General Mills in the first quarter worth about $26,000. Silvant Capital Management LLC acquired a new position in General Mills in the second quarter valued at approximately $26,000. Finally, Bruce G. Allen Investments LLC boosted its stake in 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 acquiring an additional 337 shares during the period. Institutional investors own 75.71% of the company's stock.

General Mills Trading Up 0.1%

Shares of NYSE GIS opened at $39.99 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. General Mills, Inc. has a one year low of $31.75 and a one year high of $51.33. The business has a 50-day moving average price of $36.64 and a two-hundred day moving average price of $37.71. The firm has a market capitalization of $21.38 billion, a PE ratio of -222.15 and a beta of -0.03.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm 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 firm posted $0.53 earnings per share. The firm's 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. As a group, analysts predict that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business 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 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, July 10th. General Mills's dividend payout ratio is -1,355.56%.

Analysts Set New Price Targets

GIS has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on General Mills from $30.00 to $33.00 and gave the stock an "underweight" rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price target on shares of General Mills from $31.00 to $35.00 and gave the company an "underweight" rating in a report on Thursday, July 2nd. Piper Sandler lowered their price target 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. TD Cowen dropped their price objective on shares of General Mills from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, July 2nd. Finally, Bank of America lifted their price objective on shares of General Mills from $36.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, General Mills currently has an average 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.

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