Steigerwald Gordon & Koch Inc. Has $1.43 Million Stake in General Mills, Inc. $GIS

Steigerwald Gordon & Koch Inc. decreased its stake in shares of General Mills, Inc. (NYSE:GIS) by 66.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 40,983 shares of the company’s stock after selling 79,977 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in General Mills were worth $1,426,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. LBP AM SA acquired a new position in General Mills in the 4th quarter valued at approximately $2,639,000. BNP Paribas Financial Markets grew its holdings in shares of General Mills by 13.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock worth $57,985,000 after purchasing an additional 144,631 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of General Mills by 10.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 711,120 shares of the company’s stock worth $33,186,000 after purchasing an additional 65,817 shares in the last quarter. KBC Group NV increased its position in shares of General Mills by 40.5% during the first quarter. KBC Group NV now owns 771,730 shares of the company’s stock valued at $28,724,000 after purchasing an additional 222,602 shares during the period. Finally, Fifth Third Bancorp increased its position 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 valued at $4,048,000 after purchasing an additional 50,822 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GIS shares. Piper Sandler decreased their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Bank of America increased their price objective on shares of General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their target price on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $39.16.

General Mills Price Performance

NYSE:GIS opened at $38.87 on Friday. The firm has a market cap of $20.75 billion, a PE ratio of -215.94 and a beta of -0.03. General Mills, Inc. has a 12 month low of $31.75 and a 12 month 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 company’s 50-day moving average price is $35.98 and its two-hundred day moving average price is $37.96.

General Mills (NYSE:GIS) last posted 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. The company had revenue of $4.61 billion during 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%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities analysts anticipate that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.61 dividend. 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 6.3%. General Mills’s payout ratio 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.