Sandhill Capital Partners LLC Sells 12,241 Shares of General Mills, Inc. $GIS

Key Points

• Sandhill Capital Partners LLC reduced its stake in General Mills by 20%, holding 49,074 shares worth approximately $2.93 million after selling 12,241 shares in the first quarter.
• General Mills recently declared a quarterly dividend increase to $0.61 per share, representing an annualized dividend yield of 4.9%.
• The company's quarterly earnings showed a net income decrease to $0.74 EPS, slightly exceeding analysts' expectations, but revenue fell 3.3% year-over-year to $4.56 billion.

Sandhill Capital Partners LLC reduced its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 20.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,074 shares of the company's stock after selling 12,241 shares during the quarter. Sandhill Capital Partners LLC's holdings in General Mills were worth $2,934,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Transce3nd LLC purchased a new stake in shares of General Mills during the 4th quarter valued at $32,000. Perkins Coie Trust Co increased its position in shares of General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of General Mills during the 1st quarter valued at $34,000. GKV Capital Management Co. Inc. purchased a new stake in shares of General Mills during the 1st quarter valued at $34,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of General Mills during the 4th quarter valued at $38,000. Institutional investors own 75.71% of the company's stock.

General Mills Price Performance

NYSE GIS traded up $0.3260 during trading hours on Friday, hitting $50.1360. The company had a trading volume of 3,871,453 shares, compared to its average volume of 5,472,722. General Mills, Inc. has a 52 week low of $48.59 and a 52 week high of $75.90. The firm has a 50 day simple moving average of $50.85 and a 200 day simple moving average of $55.17. 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 firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.27 and a beta of -0.01.

General Mills (NYSE:GIS - Get Free Report) last issued 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. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the company earned $1.01 EPS. The firm's revenue was down 3.3% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current 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 paid a $0.61 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 4.9%. This is an increase from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio is 59.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GIS. Royal Bank Of Canada raised General Mills from a "sector perform" rating to an "outperform" rating and decreased their target price for the company from $67.00 to $63.00 in a research report on Thursday, June 26th. Barclays decreased their target price on 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. UBS Group decreased their price objective on General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a report on Thursday, June 26th. Stifel Nicolaus decreased their price objective on General Mills from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Finally, The Goldman Sachs Group lowered General Mills from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $68.00 to $58.00 in a report on Monday, June 9th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, General Mills 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.