General Mills, Inc. $GIS Shares Purchased by MASTERINVEST Kapitalanlage GmbH

Key Points

• MASTERINVEST Kapitalanlage GmbH more than doubled its General Mills stake in the second quarter, increasing holdings by 124.7% to 87,684 shares worth approximately $3.05 million. Institutional investors and hedge funds collectively own 75.71% of the company.
• General Mills reported quarterly earnings of $0.95 per share, beating analyst expectations of $0.80, while revenue rose 1.2% year over year to $4.61 billion. The company also pays a quarterly dividend of $0.61 per share, representing a 6.0% annualized yield.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and an average price target of $39.16, below its reported opening price of $40.42.

MASTERINVEST Kapitalanlage GmbH grew its holdings in General Mills, Inc. (NYSE:GIS - Free Report) by 124.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 87,684 shares of the company's stock after buying an additional 48,662 shares during the period. MASTERINVEST Kapitalanlage GmbH's holdings in General Mills were worth $3,051,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Reflection Asset Management purchased a new stake in General Mills during the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of General Mills in the fourth quarter valued at approximately $26,000. Brown Shipley& Co Ltd acquired a new position in shares of General Mills in the first quarter valued at approximately $26,000. Silvant Capital Management LLC purchased a new stake in shares of General Mills during the second quarter worth approximately $26,000. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of General Mills by 139.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company's stock worth $27,000 after purchasing an additional 337 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Price Performance

General Mills stock opened at $40.42 on Friday. General Mills, Inc. has a one year low of $31.75 and a one year high of $51.33. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. The business has a fifty day moving average of $37.15 and a two-hundred day moving average of $37.50. The company has a market cap of $21.61 billion, a P/E ratio of -224.55 and a beta of -0.03.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results 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. The business 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 business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. 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 announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.0%. The ex-dividend date was Friday, July 10th. General Mills's dividend payout ratio is presently -1,355.56%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GIS. Sanford C. Bernstein cut shares of General Mills from a "market perform" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a research note on Wednesday, June 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 target price on shares of General Mills in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of General Mills from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. 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 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 report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $39.16.

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.

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