Csenge Advisory Group Invests $439,000 in General Mills, Inc. $GIS

Csenge Advisory Group bought a new position in shares of General Mills, Inc. (NYSE:GIS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,616 shares of the company’s stock, valued at approximately $439,000.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in General Mills by 13.1% in the 4th quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock valued at $57,985,000 after buying an additional 144,631 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in General Mills by 10.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 711,120 shares of the company’s stock worth $33,186,000 after acquiring an additional 65,817 shares during the last quarter. KBC Group NV lifted its position in General Mills by 40.5% during the first quarter. KBC Group NV now owns 771,730 shares of the company’s stock worth $28,724,000 after acquiring an additional 222,602 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of General Mills by 140.2% during the fourth quarter. Fifth Third Bancorp now owns 87,060 shares of the company’s stock worth $4,048,000 after acquiring an additional 50,822 shares during the period. Finally, Delta Global Management LP acquired a new position in shares of General Mills in the first quarter valued at approximately $1,849,000. Institutional investors own 75.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Bank of America increased their target price on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. UBS Group set a $33.00 price objective on General Mills in a report on Monday, July 6th. Morgan Stanley lowered 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. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price on shares of General Mills in a report on Tuesday, June 2nd. Finally, Piper Sandler reduced their target price on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Four 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.com, the company has an average rating of “Reduce” and a consensus target price of $39.16.

General Mills Stock Down 0.7%

NYSE GIS opened at $39.70 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. The company has a market cap of $21.22 billion, a price-to-earnings ratio of -220.54 and a beta of -0.03. The company has a 50 day moving average of $36.53 and a 200-day moving average of $37.75. General Mills, Inc. has a 1-year low of $31.75 and a 1-year high of $51.33.

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. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities research analysts expect that General Mills, Inc. will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently announced 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 6.1%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend 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.