General Mills, Inc. $GIS Shares Acquired by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lifted its stake in shares of General Mills, Inc. (NYSE:GIS) by 20.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,061 shares of the company’s stock after buying an additional 17,300 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in General Mills were worth $3,799,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of General Mills in the second quarter worth about $9,188,000. Bank of Nova Scotia raised its position in General Mills by 4.1% during the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock worth $3,374,000 after buying an additional 2,552 shares during the last quarter. WINTON GROUP Ltd lifted its stake in General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock valued at $465,000 after acquiring an additional 4,752 shares during the period. Daiwa Securities Group Inc. lifted its stake in General Mills by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after acquiring an additional 3,814 shares during the period. Finally, Nebula Research & Development LLC boosted its holdings in shares of General Mills by 334.2% in the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock valued at $1,012,000 after acquiring an additional 15,041 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

General Mills Trading Up 0.4%

GIS stock opened at $36.16 on Monday. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The firm has a market cap of $19.30 billion, a P/E ratio of -200.86 and a beta of -0.03. The company’s 50-day simple moving average is $34.97 and its 200-day simple moving average is $38.68.

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 company 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. General Mills’s revenue for the quarter was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities analysts forecast that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.7%. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

Analyst Ratings Changes

GIS has been the subject of several recent research reports. Bank of America raised their target price on shares of General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. UBS Group set a $33.00 price target on General Mills in a research report on Monday, July 6th. BNP Paribas Exane boosted their price objective on General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Sanford C. Bernstein downgraded General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus dropped their target price on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Mills has an average rating of “Reduce” and an average price target of $39.16.

Insider Buying and Selling at General Mills

In related news, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by insiders.

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.