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

MASTERINVEST Kapitalanlage GmbH boosted its position in shares of General Mills, Inc. (NYSE:GIS) by 124.7% during the second quarter, Holdings Channel reports. The firm owned 87,684 shares of the company’s stock after buying an additional 48,662 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in General Mills were worth $3,051,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in shares of General Mills during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills in the 4th quarter valued at about $26,000. Brown Shipley& Co Ltd acquired a new stake in General Mills in the 1st quarter valued at about $26,000. Silvant Capital Management LLC acquired a new stake in General Mills in the 2nd quarter valued at about $26,000. Finally, Bruce G. Allen Investments LLC increased its holdings in General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after acquiring an additional 337 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on GIS shares. BNP Paribas Exane upped their price target on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Barclays dropped their price objective on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Sanford C. Bernstein cut General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a report on Wednesday, June 3rd. Jefferies Financial Group raised their price target on General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Wednesday, July 1st. Finally, Morgan Stanley reduced their price objective on General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, June 5th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $39.16.

General Mills Stock Performance

NYSE:GIS opened at $40.42 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The firm has a market cap of $21.61 billion, a PE ratio of -224.55 and a beta of -0.03. The firm has a 50 day simple moving average of $37.15 and a 200-day simple moving average of $37.50. General Mills, Inc. has a 1-year low of $31.75 and a 1-year high of $51.33.

General Mills (NYSE:GIS) last announced its 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 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 quarter last year, the business earned $0.53 earnings per share. 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 3.07 EPS for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a $0.61 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.0%. General Mills’s payout ratio is -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.