Cetera Investment Advisers Grows Stake in General Mills, Inc. $GIS

Posted by Francis Steltz on Jul 30th, 2026

Cetera Investment Advisers grew its stake in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 6.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 336,007 shares of the company’s stock after acquiring an additional 19,472 shares during the period. Cetera Investment Advisers’ holdings in General Mills were worth $12,506,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GIS. State Street Corp lifted its stake in General Mills by 0.4% in the third quarter. State Street Corp now owns 33,717,972 shares of the company’s stock valued at $1,700,060,000 after purchasing an additional 145,701 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in General Mills by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock valued at $915,953,000 after purchasing an additional 488,617 shares during the period. Geode Capital Management LLC increased its position in General Mills by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after buying an additional 172,200 shares during the last quarter. Morgan Stanley increased its position in General Mills by 2.1% in the fourth quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock worth $457,443,000 after buying an additional 200,043 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of General Mills by 14.6% in the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock valued at $408,291,000 after buying an additional 1,115,465 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Trading Up 0.6%

NYSE:GIS opened at $37.87 on Thursday. General Mills, Inc. has a 1 year low of $31.75 and a 1 year high of $51.33. The stock’s fifty day moving average price is $35.20 and its two-hundred day moving average price is $38.55. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The company has a market cap of $20.21 billion, a P/E ratio of -210.37 and a beta of -0.03.

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 for the quarter, beating the consensus estimate of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’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. As a group, analysts expect that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Dividend Announcement

The business also recently announced 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 6.4%. The ex-dividend date of this dividend is Friday, July 10th. General Mills’s payout ratio is presently -1,355.56%.

Insider Activity

In other news, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were 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 approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This represents a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GIS shares. 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. TD Cowen decreased their price objective on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. BNP Paribas Exane boosted their price objective on General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Sanford C. Bernstein downgraded shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 target price on shares of General Mills in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, General Mills presently has a consensus rating of “Reduce” and a consensus target price of $39.16.

View Our Latest Stock Report on GIS

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.