Kestra Advisory Services LLC increased its holdings in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 73.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,751 shares of the company’s stock after acquiring an additional 50,190 shares during the quarter. Kestra Advisory Services LLC’s holdings in General Mills were worth $4,420,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of GIS. LBP AM SA purchased a new stake in General Mills during the fourth quarter worth about $2,639,000. Oak Thistle LLC purchased a new position in General Mills in the fourth quarter valued at about $1,320,000. Robeco Institutional Asset Management B.V. boosted its stake in General Mills by 1,824.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after acquiring an additional 848,712 shares during the last quarter. HF Advisory Group LLC grew its position in shares of General Mills by 550.2% during the 4th quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock valued at $3,681,000 after acquiring an additional 66,981 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of General Mills by 13.1% during the 4th quarter. BNP Paribas Financial Markets now owns 1,246,997 shares of the company’s stock valued at $57,985,000 after acquiring an additional 144,631 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.
Insider Activity at General Mills
In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were 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 trade represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ricardo Fernandez sold 7,995 shares of the business’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 transaction, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.
Key General Mills News
- Positive Sentiment: General Mills, ADM, and Walmart announced a collaboration to expand regenerative agriculture across 40,000 Midwest wheat acres, which could support longer-term supply chain resilience, sourcing reliability, and sustainability branding. General Mills, ADM, Walmart Partner to Accelerate Regenerative Agriculture Across 40,000 Midwest Wheat Acres
- Positive Sentiment: Zacks Research raised some longer-term earnings estimates for GIS, including FY2029 and Q4 2027, suggesting analysts still see earnings growth potential over time.
- Positive Sentiment: General Mills also introduced new Totino’s Pizza Rolls and Ultimate Pizza flavors, a product refresh that may help support demand in the frozen-snacks aisle and improve consumer engagement. Totino’s™ Brings Fan-Favorite Snack Hacks to Life with New Pizza Rolls™ and Ultimate Pizza™ Flavors
- Neutral Sentiment: Recent articles about GIS as a dividend stock may be supporting investor interest, but they do not appear to be a company-specific catalyst. Wall Street Is Sleeping on These 5 Quality Dividend Stocks: Grab Them Now Before It’s Too Late
- Negative Sentiment: Several Zacks Research updates cut near- and medium-term earnings estimates for FY2027 and FY2028, while a separate article labeled General Mills a “Bear of the Day,” reinforcing concerns about consumer trends, health-focused demand shifts, and earnings pressure. Bear of the Day: General Mills (GIS)
General Mills Stock Up 3.6%
GIS stock opened at $38.56 on Friday. The stock has a 50-day simple moving average of $34.58 and a two-hundred day simple moving average of $39.07. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.68. The firm has a market capitalization of $20.58 billion, a PE ratio of -214.22 and a beta of -0.03. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68.
General Mills (NYSE:GIS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities analysts predict that General Mills, Inc. will post 3.07 EPS for the current fiscal year.
General Mills Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.3%. General Mills’s dividend payout ratio is currently -1,355.56%.
Analyst Ratings Changes
A number of equities research analysts recently commented on GIS shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Wells Fargo & Company boosted their target price on General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. 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 report on Wednesday, May 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. Finally, TD Cowen lowered their price objective on General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $39.16.
Get Our Latest Stock Analysis on General Mills
General Mills Profile
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.
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