Wealthfront Advisers LLC raised its holdings in General Mills, Inc. (NYSE:GIS – Free Report) by 16.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 389,260 shares of the company’s stock after acquiring an additional 55,345 shares during the period. Wealthfront Advisers LLC’s holdings in General Mills were worth $14,488,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Reflection Asset Management purchased a new position in shares of General Mills during the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in General Mills in the fourth quarter valued at approximately $26,000. Bruce G. Allen Investments LLC raised its stake in General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares in the last quarter. Zions Bancorporation National Association UT lifted its position in General Mills by 248.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares during the last quarter. Finally, Activest Wealth Management grew its stake in General Mills by 211.7% in the 4th quarter. Activest Wealth Management now owns 695 shares of the company’s stock worth $32,000 after buying an additional 472 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.
General Mills Price Performance
Shares of NYSE:GIS opened at $38.56 on Friday. The stock has a market cap of $20.58 billion, a PE ratio of -214.22 and a beta of -0.03. The company’s fifty day moving average is $34.58 and its 200 day moving average is $39.07. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $51.68. 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 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a dividend of $0.61 per share. 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%.
Insider Activity
In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’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 transaction of $342,700.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the transaction, the insider directly owned 62,283 shares in the company, 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
Here are the key news stories impacting General Mills this week:
- 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)
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on GIS shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target on shares of General Mills in a report on Tuesday, June 2nd. Mizuho dropped their price objective on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Morgan Stanley cut their target price on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft raised their price target on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $39.16.
Check Out Our Latest 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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