Palouse Capital Management Inc. Raises Position in General Mills, Inc. $GIS

Posted by Stanley Muller on Aug 7th, 2026

Palouse Capital Management Inc. lifted its holdings in General Mills, Inc. (NYSE:GIS – Free Report) by 26.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,573 shares of the company’s stock after purchasing an additional 21,946 shares during the quarter. General Mills comprises about 2.2% of Palouse Capital Management Inc.’s portfolio, making the stock its 20th biggest position. Palouse Capital Management Inc.’s holdings in General Mills were worth $3,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIS. Reflection Asset Management acquired a new position in General Mills during the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills in the fourth quarter worth about $26,000. Brown Shipley& Co Ltd purchased a new stake in shares of General Mills during the first quarter worth about $26,000. Bruce G. Allen Investments LLC grew its stake in shares of General Mills by 139.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares during the last quarter. Finally, Main Street Group LTD acquired a new position in shares of General Mills during the first quarter valued at about $27,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GIS shares. Bank of America increased their price objective on shares of General Mills from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Piper Sandler dropped their target price on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Sanford C. Bernstein lowered shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Wednesday, June 3rd. BTIG Research began coverage on shares of General Mills in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Jefferies Financial Group raised their price target on shares of General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and an average price target of $39.16.

Get Our Latest Stock Analysis on GIS

General Mills Stock Up 0.3%

Shares of GIS stock opened at $36.02 on Friday. General Mills, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $51.33. The firm has a market capitalization of $19.23 billion, a PE ratio of -200.12 and a beta of -0.03. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. The stock’s 50-day simple moving average is $35.50 and its 200-day simple moving average is $38.19.

General Mills (NYSE:GIS – Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts expect that General Mills, Inc. will post 3.07 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.8%. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

Insider Activity at General Mills

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred 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 sale, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.30% of the company’s stock.

General Mills 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.