General Mills, Inc. (NYSE:GIS) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in General Mills, Inc. (NYSE:GIS) by 20.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,543,399 shares of the company’s stock after buying an additional 603,377 shares during the period. Deutsche Bank AG’s holdings in General Mills were worth $225,963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in General Mills by 1.2% during the third quarter. Barclays PLC now owns 1,634,280 shares of the company’s stock valued at $120,691,000 after acquiring an additional 19,290 shares during the period. Franklin Resources Inc. lifted its stake in shares of General Mills by 0.7% in the 3rd quarter. Franklin Resources Inc. now owns 438,014 shares of the company’s stock valued at $31,025,000 after purchasing an additional 2,842 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of General Mills by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 792,993 shares of the company’s stock worth $58,563,000 after purchasing an additional 27,847 shares during the period. JPMorgan Chase & Co. increased its position in General Mills by 105.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after purchasing an additional 2,926,232 shares in the last quarter. Finally, Diversified Trust Co raised its holdings in General Mills by 16.0% in the fourth quarter. Diversified Trust Co now owns 4,207 shares of the company’s stock valued at $268,000 after buying an additional 579 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

GIS opened at $54.52 on Friday. The company has a market capitalization of $30.05 billion, a P/E ratio of 11.85, a PEG ratio of 1.94 and a beta of 0.05. The company has a 50-day moving average of $58.30 and a 200-day moving average of $61.34. 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, Inc. has a 1-year low of $53.82 and a 1-year high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. General Mills’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Equities analysts expect that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on GIS. Morgan Stanley assumed coverage on shares of General Mills in a research note on Monday, March 24th. They set an “underweight” rating and a $53.00 price objective for the company. Bank of America lowered their price target on General Mills from $70.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Royal Bank of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a research note on Monday, March 17th. Piper Sandler lowered their target price on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Finally, UBS Group assumed coverage on General Mills in a research report on Wednesday, April 23rd. They set a “sell” rating and a $54.00 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and an average price target of $65.00.

About General Mills

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.