Commerzbank Aktiengesellschaft FI Takes Position in General Mills, Inc. $GIS

Key Points

• Commerzbank Aktiengesellschaft FI acquired 35,913 General Mills shares worth approximately $1.25 million during the second quarter. Institutional investors and hedge funds collectively own 75.71% of the company.
• Analyst sentiment remains cautious: four analysts rate General Mills a Buy, twelve Hold, and six Sell, producing an average “Reduce” rating and a consensus price target of $39.16.
• General Mills recently exceeded quarterly earnings expectations, reporting $0.95 per share versus the $0.80 consensus and $4.61 billion in revenue. The company also pays a quarterly dividend of $0.61 per share, representing a 6.4% annualized yield.

Commerzbank Aktiengesellschaft FI bought a new position in shares of General Mills, Inc. (NYSE:GIS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,913 shares of the company's stock, valued at approximately $1,250,000.

Other institutional investors have also modified their holdings of the company. Reflection Asset Management purchased a new position in General Mills during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of General Mills in the fourth quarter valued at about $26,000. Brown Shipley& Co Ltd purchased a new stake in shares of General Mills in the first quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its holdings 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 last quarter. Finally, Main Street Group LTD acquired a new stake in shares of General Mills during the first quarter worth about $27,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GIS shares. Stifel Nicolaus dropped their price target on General Mills from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday, April 21st. UBS Group set a $33.00 price objective on General Mills in a research note on Monday, July 6th. TD Cowen decreased their price objective on General Mills from $32.00 to $31.00 and set a "hold" rating for the company in a research report on Thursday, July 2nd. Wells Fargo & Company lifted 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 upgraded General Mills from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $39.16.

General Mills Stock Up 0.5%

GIS opened at $38.17 on Wednesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. The stock has a market capitalization of $20.37 billion, a P/E ratio of -212.07 and a beta of -0.03. The business has a 50 day simple moving average of $36.29 and a 200-day simple moving average of $37.83.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping 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 firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. General Mills'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. On average, equities analysts anticipate that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.4%. General Mills's payout ratio is currently -1,355.56%.

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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