Security National Bank of Sioux City Iowa IA Buys 2,802 Shares of General Mills, Inc. $GIS

Security National Bank of Sioux City Iowa IA grew its position in General Mills, Inc. (NYSE:GIS) by 8.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 36,360 shares of the company’s stock after buying an additional 2,802 shares during the period. General Mills accounts for approximately 1.6% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 17th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in General Mills were worth $2,174,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GIS. Charles Schwab Investment Management Inc. boosted its holdings in General Mills by 434.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company’s stock worth $1,138,473,000 after buying an additional 15,480,835 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in General Mills by 8.1% during the first quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company’s stock valued at $589,814,000 after purchasing an additional 741,432 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in General Mills by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,161,951 shares of the company’s stock worth $428,213,000 after purchasing an additional 315,375 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of General Mills by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,986,128 shares of the company’s stock valued at $417,674,000 after buying an additional 634,393 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of General Mills by 8.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,846,576 shares of the company’s stock valued at $436,606,000 after buying an additional 561,731 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of NYSE GIS opened at $50.35 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $27.31 billion, a P/E ratio of 12.28, a P/E/G ratio of 1.26 and a beta of -0.02. General Mills, Inc. has a 12 month low of $48.29 and a 12 month high of $75.90. The stock has a 50 day moving average of $50.16 and a 200-day moving average of $54.39.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities research analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 4.8%. This is a boost from General Mills’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. General Mills’s dividend payout ratio (DPR) is 59.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley reiterated an “underweight” rating and set a $51.00 price objective (down previously from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $45.00 price objective (down from $53.00) on shares of General Mills in a report on Wednesday, August 20th. Barclays decreased their target price on shares of General Mills from $60.00 to $54.00 and set an “equal weight” rating for the company in a research report on Thursday, June 26th. Finally, The Goldman Sachs Group cut General Mills from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $68.00 to $58.00 in a report on Monday, June 9th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.13.

General Mills 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.