Commerzbank Aktiengesellschaft FI Buys Shares of 35,913 General Mills, Inc. $GIS

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Reflection Asset Management acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in shares of General Mills during the 4th quarter worth approximately $26,000. Brown Shipley& Co Ltd acquired a new position in shares of General Mills during the 1st quarter worth approximately $26,000. Bruce G. Allen Investments LLC lifted its stake in General Mills by 139.8% in the 4th 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 in the last quarter. Finally, Main Street Group LTD purchased a new stake in General Mills in the 1st quarter valued at approximately $27,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on GIS. BNP Paribas Exane increased their target price on General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. TD Cowen cut their price target on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Barclays reduced their price objective on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Piper Sandler decreased their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Finally, Sanford C. Bernstein cut General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Wednesday, June 3rd. Four equities 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. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $39.16.

General Mills Price Performance

Shares of NYSE:GIS opened at $38.17 on Wednesday. The company has a market cap of $20.37 billion, a P/E ratio of -212.07 and a beta of -0.03. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $51.33. The business has a fifty day simple moving average of $36.29 and a 200-day simple moving average of $37.83.

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

General Mills Announces Dividend

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

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.