Lombard Odier Asset Management Switzerland SA Increases Stock Holdings in General Mills, Inc. $GIS

Lombard Odier Asset Management Switzerland SA increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 20.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 102,061 shares of the company’s stock after purchasing an additional 17,300 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in General Mills were worth $3,799,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of General Mills by 0.4% during the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after purchasing an additional 145,701 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of General Mills by 2.5% during the fourth 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 boosted its position in shares of General Mills by 1.1% during the fourth 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. Morgan Stanley grew its stake in shares of General Mills by 2.1% during the fourth quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock valued at $457,443,000 after buying an additional 200,043 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of General Mills by 14.6% during the 4th quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock worth $408,291,000 after acquiring an additional 1,115,465 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills Trading Up 0.4%

NYSE:GIS opened at $36.16 on Monday. 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 firm has a market cap of $19.30 billion, a P/E ratio of -200.86 and a beta of -0.03. The firm has a 50-day simple moving average of $34.97 and a 200-day simple moving average of $38.68.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. General Mills’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts anticipate that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, July 10th. General Mills’s dividend payout ratio is -1,355.56%.

Wall Street Analyst Weigh In

Several equities analysts have commented on GIS shares. BTIG Research initiated coverage on General Mills in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Sanford C. Bernstein cut 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. Wells Fargo & Company lifted their price objective on shares of General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Finally, Morgan Stanley decreased their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $39.16.

Insider Activity

In other news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the transaction, the insider directly owned 86,002 shares in the company, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

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.