Sterling Capital Management LLC Sells 13,645 Shares of General Mills, Inc. $GIS

Posted by Brenda Bartman on Jul 2nd, 2026

Sterling Capital Management LLC decreased its position in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 42.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,279 shares of the company’s stock after selling 13,645 shares during the period. Sterling Capital Management LLC’s holdings in General Mills were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of GIS. Norges Bank purchased a new position in General Mills in the fourth quarter worth $361,552,000. Wellington Management Group LLP lifted its holdings in shares of General Mills by 2,970.1% during the 4th quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after purchasing an additional 7,223,487 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of General Mills by 366.1% in the 4th quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock worth $237,954,000 after purchasing an additional 4,019,319 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of General Mills in the 2nd quarter worth $84,862,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in General Mills by 61.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock worth $192,589,000 after buying an additional 1,573,444 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Stock Up 8.1%

Shares of NYSE:GIS opened at $37.61 on Thursday. The firm has a market capitalization of $20.07 billion, a PE ratio of 9.20 and a beta of -0.03. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $54.18. The firm’s 50-day moving average is $34.18 and its two-hundred day moving average is $39.88.

General Mills (NYSE:GIS – Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts predict that General Mills, Inc. will post 3.42 EPS for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, July 10th. General Mills’s payout ratio is 59.66%.

Key Stories Impacting General Mills

Here are the key news stories impacting General Mills this week:

Positive Sentiment: General Mills beat profit and sales estimates, showing demand for staple brands remains steady and margins improved. Reuters: General Mills beats quarterly estimates on steady staples demand, higher prices
Positive Sentiment: The company announced a plan to target about $3 billion in cost savings, which could support earnings even if inflation stays elevated. Article: Why General Mills Stock Jumped Today
Positive Sentiment: Management said pricing actions are starting to help, and the company highlighted growth in areas like protein-focused products and pet food as it works to win back budget-conscious shoppers. Article: Protein-packed Cheerios and cat food
Neutral Sentiment: General Mills also maintained its dividend, which supports the stock’s income appeal, though the payout itself is not a major fresh catalyst. Article: General Mills Reports Fiscal 2026 Fourth-quarter Adjusted Results
Negative Sentiment: Fiscal 2027 guidance came in below analyst expectations, signaling that management still sees pressure from inflation and cautious consumers ahead. Article: General Mills Says Inflation-Weary Shoppers Will Stay Focused on Value

Insider Activity at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the transaction, the insider owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America decreased their price target on General Mills from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. Piper Sandler dropped their price target on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Morgan Stanley cut their price objective on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, June 5th. Royal Bank Of Canada decreased their price objective on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price on shares of General Mills in a research note on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $38.44.

Read Our Latest Report on General Mills

General Mills Company Profile

(Free Report)

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.