Enterprise Financial Services Corp Sells 628 Shares of General Mills, Inc. $GIS

Enterprise Financial Services Corp lessened its holdings in General Mills, Inc. (NYSE:GIS) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,064 shares of the company’s stock after selling 628 shares during the quarter. Enterprise Financial Services Corp’s holdings in General Mills were worth $662,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GIS. Charles Schwab Investment Management Inc. boosted its stake in shares of General Mills by 434.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock valued at $1,138,473,000 after purchasing an additional 15,480,835 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of General Mills in the 1st quarter valued at about $279,570,000. Pacer Advisors Inc. boosted its stake in shares of General Mills by 4,775.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company’s stock valued at $205,916,000 after purchasing an additional 3,373,338 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of General Mills by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock valued at $581,903,000 after purchasing an additional 2,341,137 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of General Mills in the 1st quarter valued at approximately $92,717,000. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of GIS stock opened at $50.1360 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67. The company has a market capitalization of $27.20 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.27 and a beta of -0.01. The company’s 50 day moving average price is $50.85 and its two-hundred day moving average price is $55.17. General Mills, Inc. has a 52 week low of $48.59 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.61 per share. This is an increase from General Mills’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 4.9%. General Mills’s dividend payout ratio is 59.51%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company set a $53.00 price target on shares of General Mills and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Wall Street Zen upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research report on Sunday, August 3rd. Royal Bank Of Canada upgraded shares of General Mills from a “sector perform” rating to an “outperform” rating and cut their price target for the company from $67.00 to $63.00 in a research report on Thursday, June 26th. UBS Group cut their price target on shares of General Mills from $52.00 to $49.00 and set a “sell” rating on the stock in a research report on Thursday, June 26th. Finally, Stifel Nicolaus cut their price target on shares of General Mills from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.13.

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.