535,887 Shares in General Mills, Inc. $GIS Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. bought a new stake in General Mills, Inc. (NYSE:GIS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 535,887 shares of the company’s stock, valued at approximately $18,649,000.

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

Analyst Ratings Changes

GIS has been the topic of a number of recent research reports. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Piper Sandler decreased their target price on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lifted 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. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $39.16.

General Mills Stock Up 5.1%

GIS opened at $40.01 on Thursday. General Mills, Inc. has a 12 month low of $31.75 and a 12 month high of $51.33. The business has a 50-day moving average of $36.41 and a two-hundred day moving average of $37.80. 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 stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of -222.25 and a beta of -0.03.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same period in the prior year, the firm posted $0.53 EPS. The company’s revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, research analysts expect that General Mills, Inc. will post 3.07 earnings per share for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.1%. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

About General Mills

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.