Nykredit A S Takes $6.27 Million Position in General Mills, Inc. $GIS

Key Points

• Nykredit A/S acquired 180,093 General Mills shares in the second quarter, worth approximately $6.27 million. Institutional investors and hedge funds collectively own 75.71% of the company.
• General Mills shares opened at $35.54, down 2.1%, and remain well below their 52-week high of $51.33. Analysts hold a consensus “Reduce” rating with an average price target of $36.41.
• The company pays a quarterly dividend of $0.61, or $2.44 annually, representing an approximately 6.9% yield; upcoming first-quarter results are a key near-term catalyst amid concerns over inflation, shipment timing and weaker expected revenue and earnings.

Nykredit A S bought a new position in General Mills, Inc. (NYSE:GIS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 180,093 shares of the company's stock, valued at approximately $6,267,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its stake in General Mills by 18.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 10,169 shares of the company's stock worth $354,000 after buying an additional 1,555 shares in the last quarter. Range Advisory LLC purchased a new position in General Mills in the second quarter valued at $231,000. Brown Lisle Cummings Inc. lifted its position in General Mills by 85.3% in the second quarter. Brown Lisle Cummings Inc. now owns 2,965 shares of the company's stock valued at $103,000 after acquiring an additional 1,365 shares during the last quarter. Corient Private Wealth LP increased its stake in General Mills by 63.8% in the second quarter. Corient Private Wealth LP now owns 172,618 shares of the company's stock valued at $6,007,000 after purchasing an additional 67,251 shares during the period. Finally, Amundi lifted its position in General Mills by 12.8% in the second quarter. Amundi now owns 3,260,287 shares of the company's stock valued at $113,458,000 after purchasing an additional 370,563 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

More General Mills News

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and set a $45 price target, implying substantial upside from recent trading levels. Benzinga General Mills dividend and earnings article
• Positive Sentiment: General Mills’ product innovation, premium offerings and expanded distribution may support brand engagement and help the company deliver a first-quarter performance better than feared. Zacks General Mills earnings preview
• Neutral Sentiment: General Mills is scheduled to report fiscal first-quarter results this week, making the earnings release, management commentary and updated guidance the key near-term catalysts. TipRanks General Mills Q1 earnings article
• Neutral Sentiment: Bank of America Securities maintained a Hold rating, indicating limited conviction ahead of the results. Bank of America General Mills rating
• Negative Sentiment: RBC warned that General Mills is likely to miss fiscal first-quarter earnings estimates because of persistent inflation and shipment-timing issues. This is the clearest immediate catalyst weighing on the stock. Yahoo Finance General Mills earnings miss article
• Negative Sentiment: Pre-earnings commentary points to expected declines in first-quarter revenue and EPS, reinforcing concerns about consumer demand, costs and the sustainability of General Mills’ dividend-heavy investment case. Benzinga General Mills earnings expectations

Analyst Ratings Changes

GIS has been the subject of a number of analyst reports. Weiss Ratings raised General Mills from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, July 2nd. Evercore set a $38.00 price target on shares of General Mills in a report on Monday, September 14th. Jefferies Financial Group set a $35.00 price objective on General Mills in a research note on Thursday, September 10th. Sanford C. Bernstein downgraded shares of General Mills from a "market perform" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of General Mills from $32.00 to $33.00 and gave the stock a "hold" rating in a report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $36.41.

General Mills Stock Down 2.1%

GIS opened at $35.54 on Tuesday. The stock has a fifty day moving average of $37.87 and a 200-day moving average of $36.51. The company has a market capitalization of $19.00 billion, a P/E ratio of -197.43, a P/E/G ratio of 1.98 and a beta of -0.01. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. General Mills, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $51.33.

General Mills (NYSE:GIS - Get Free Report) last posted its 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. 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 analyst estimates of $4.59 billion. During the same period in the previous year, the firm posted $0.53 EPS. The company'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. On average, equities analysts expect that General Mills, Inc. will post 3.06 EPS for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.61 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.9%. General Mills's payout ratio is presently -1,355.56%.

General Mills Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company's brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.

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