Varma Mutual Pension Insurance Co Acquires Shares of 311,372 General Mills, Inc. $GIS

Posted by Brian Himes on Aug 24th, 2026

Varma Mutual Pension Insurance Co bought a new position in General Mills, Inc. (NYSE:GIS – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 311,372 shares of the company’s stock, valued at approximately $10,836,000.

A number of other institutional investors also recently modified their holdings of GIS. Reflection Asset Management acquired a new position in General Mills in the fourth quarter worth approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of General Mills in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC raised its holdings in General Mills by 139.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after buying an additional 337 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of General Mills by 248.1% during the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after acquiring an additional 449 shares in the last quarter. Finally, Binnacle Investments Inc raised its stake in shares of General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 0.1%

Shares of NYSE GIS opened at $39.99 on Monday. The company’s 50 day simple moving average is $36.64 and its 200 day simple moving average is $37.71. 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 $21.38 billion, a P/E ratio of -222.15 and a beta of -0.03. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40.

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 analyst estimates of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, analysts predict 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 was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.1%. General Mills’s dividend payout ratio (DPR) is -1,355.56%.

Analyst Ratings Changes

Several brokerages recently weighed in on GIS. Wells Fargo & Company increased 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. Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. UBS Group set a $33.00 target price on General Mills in a report on Monday, July 6th. Finally, BNP Paribas Exane raised their target price on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, General Mills has a consensus rating of “Reduce” and a consensus price target of $39.16.

Check Out Our Latest Analysis on General Mills

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.

Varma Mutual Pension Insurance Co Acquires Shares of 311,372 General Mills, Inc. $GIS

General Mills Trading Up 0.1%

General Mills Dividend Announcement

Analyst Ratings Changes

General Mills Company Profile

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