Commerzbank Aktiengesellschaft FI Increases Stock Position in General Mills, Inc. (NYSE:GIS)

Commerzbank Aktiengesellschaft FI increased its holdings in General Mills, Inc. (NYSE:GIS) by 50.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,341 shares of the company’s stock after buying an additional 1,793 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in General Mills were worth $341,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Endeavor Private Wealth Inc. bought a new position in shares of General Mills in the fourth quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of General Mills during the 4th quarter valued at $31,000. Bank of Jackson Hole Trust purchased a new stake in General Mills during the 4th quarter worth about $34,000. Planning Capital Management Corp boosted its stake in General Mills by 61.5% in the 3rd quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in General Mills during the 4th quarter valued at about $38,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This represents a 2.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Stifel Nicolaus cut their price target on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Bank of America reduced their price target on shares of General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Mizuho lowered their price objective on General Mills from $72.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, TD Cowen decreased their target price on General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.06.

General Mills Trading Down 0.3 %

GIS stock opened at $60.96 on Thursday. General Mills, Inc. has a one year low of $55.15 and a one year high of $75.90. The company has a market capitalization of $33.60 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. The company’s 50 day moving average price is $60.35 and its two-hundred day moving average price is $66.09. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, April 10th. General Mills’s dividend payout ratio is presently 52.17%.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.