Merit Financial Group LLC Buys 36,887 Shares of General Mills, Inc. $GIS

Posted by Brenda Bartman on Aug 13th, 2026

Merit Financial Group LLC lifted its stake in shares of General Mills, Inc. (NYSE:GIS – Free Report) by 58.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 99,713 shares of the company’s stock after buying an additional 36,887 shares during the period. Merit Financial Group LLC’s holdings in General Mills were worth $3,470,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Marshall Wace LLP bought a new position in General Mills during the 2nd quarter valued at $9,188,000. Bank of Nova Scotia lifted its position in shares of General Mills by 4.1% during the second quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock valued at $3,374,000 after purchasing an additional 2,552 shares in the last quarter. WINTON GROUP Ltd grew its position in General Mills by 112.6% in the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock worth $465,000 after purchasing an additional 4,752 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in General Mills by 4.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after buying an additional 3,814 shares during the last quarter. Finally, Nebula Research & Development LLC lifted its position in shares of General Mills by 334.2% during the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock worth $1,012,000 after buying an additional 15,041 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Trading Up 0.7%

Shares of General Mills stock opened at $38.21 on Thursday. The stock has a market capitalization of $20.39 billion, a P/E ratio of -212.27 and a beta of -0.03. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33. 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 $35.85 and its 200 day simple moving average is $38.00.

General Mills (NYSE:GIS – Get Free Report) last issued 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 negative net margin of 0.48% and a positive return on equity of 21.37%. The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same quarter last year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, research analysts anticipate that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, July 10th. General Mills’s payout ratio is currently -1,355.56%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GIS shares. UBS Group set a $33.00 price target on General Mills in a report on Monday, July 6th. Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Sanford C. Bernstein lowered 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 research report on Wednesday, June 3rd. Morgan Stanley reduced 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. Finally, Barclays lowered their price target on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $39.16.

View Our Latest Research Report on General Mills

About General Mills

(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.