Deutsche Bank AG Increases Stock Position in General Mills, Inc. (NYSE:GIS)

Deutsche Bank AG boosted its holdings in General Mills, Inc. (NYSE:GIS) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,543,399 shares of the company’s stock after purchasing an additional 603,377 shares during the quarter. Deutsche Bank AG owned about 0.64% of General Mills worth $225,963,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GIS. Endeavor Private Wealth Inc. purchased a new stake in shares of General Mills in the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC purchased a new stake in General Mills during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Mills during the 4th quarter worth approximately $31,000. VSM Wealth Advisory LLC purchased a new position in shares of General Mills in the 4th quarter valued at approximately $32,000. Finally, Transce3nd LLC acquired a new position in shares of General Mills in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group started coverage on General Mills in a report on Wednesday, April 23rd. They set a “sell” rating and a $54.00 price target for the company. Mizuho reduced their target price on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Barclays dropped their price target on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley started coverage on shares of General Mills in a research report on Monday, March 24th. They issued an “underweight” rating and a $53.00 price objective for the company. Finally, Bank of America dropped their target price on General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, General Mills currently has an average rating of “Hold” and a consensus target price of $65.00.

General Mills Stock Down 0.3 %

GIS stock opened at $54.52 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company’s 50 day simple moving average is $58.30 and its 200-day simple moving average is $61.34. General Mills, Inc. has a 12 month low of $53.82 and a 12 month high of $75.90. The firm has a market capitalization of $30.05 billion, a PE ratio of 11.85, a P/E/G ratio of 1.94 and a beta of 0.05.

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

General Mills Company Profile

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.