Citizens Financial Group Inc. RI Invests $691,000 in General Mills, Inc. $GIS

Citizens Financial Group Inc. RI acquired a new position in shares of General Mills, Inc. (NYSE:GIS) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,852 shares of the company’s stock, valued at approximately $691,000.

A number of other institutional investors also recently added to or reduced their stakes in GIS. Reflection Asset Management bought a new position in General Mills in the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills in the 4th quarter valued at about $26,000. Brown Shipley& Co Ltd bought a new stake in shares of General Mills in the 1st quarter valued at about $26,000. Bruce G. Allen Investments LLC boosted its holdings in shares of General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after buying an additional 337 shares in the last quarter. Finally, Main Street Group LTD purchased a new position in shares of General Mills in the 1st quarter worth approximately $27,000. Institutional investors own 75.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Piper Sandler reduced their price objective on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Bank of America lifted their price target 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. BNP Paribas Exane upped their price target on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, Jefferies Financial Group increased their price objective on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $39.16.

General Mills Trading Up 5.1%

Shares of NYSE:GIS opened at $40.01 on Thursday. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33. The stock has a market cap of $21.39 billion, a price-to-earnings ratio of -222.25 and a beta of -0.03. 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 business has a 50-day moving average price of $36.41 and a 200-day moving average price of $37.80.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current 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 dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.1%. The ex-dividend date was Friday, July 10th. General Mills’s payout ratio is presently -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.