North Dakota State Investment Board Acquires New Shares in General Mills, Inc. $GIS

North Dakota State Investment Board acquired a new stake in General Mills, Inc. (NYSE:GIS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,791 shares of the company’s stock, valued at approximately $874,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Retirement Planning Co of New England Inc. boosted its position in shares of General Mills by 4.2% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock worth $273,000 after buying an additional 219 shares in the last quarter. Smith Moore & CO. boosted its position in shares of General Mills by 2.6% in the 3rd quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock worth $443,000 after buying an additional 225 shares in the last quarter. Allegheny Financial Group boosted its position in shares of General Mills by 4.8% in the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after buying an additional 226 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its position in shares of General Mills by 0.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after buying an additional 226 shares in the last quarter. Finally, Tempus Wealth Planning LLC boosted its position in shares of General Mills by 5.7% in the 3rd quarter. Tempus Wealth Planning LLC now owns 4,297 shares of the company’s stock worth $217,000 after buying an additional 231 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at General Mills

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This represents a 11.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 86,002 shares in the company, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by corporate insiders.

Key Stories Impacting General Mills

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills promoted Dana McNabb to Chief Operating Officer effective June 1, a move that could support execution as the company tries to improve growth and adapt to changing snacking trends. The company also highlighted new Gushers fruit snack launches, which may help refresh its product lineup. General Mills Taps New COO As Bold Fruit Snacks Test Growth Story
• Positive Sentiment: One Seeking Alpha piece argued that the stock’s reduced valuation already discounts a lot of risk, suggesting downside may be more limited than before. General Mills: Reduced Valuation Fairly Discounts Risk (Rating Upgrade)
• Neutral Sentiment: General Mills said CFO Kofi Bruce and COO Dana McNabb will speak at the dbAccess Global Consumer Conference on June 4. Investors may watch the webcast for any update on demand trends, pricing, and the company’s outlook, but the announcement itself is routine. General Mills to Webcast Remarks at dbAccess Global Consumer Conference on June 4, 2026
• Neutral Sentiment: Another article noted that sticky inflation could help support pricing, but also said the turnaround still needs proof, reinforcing the view that the recovery story is unconfirmed. General Mills: Sticky Inflation Could Help, But The Turnaround Still Needs Proof
• Negative Sentiment: Bearish commentary is building, with one Seeking Alpha article calling General Mills “fighting a difficult battle,” reflecting ongoing concerns about sales pressure and margin challenges. General Mills Is Fighting A Difficult Battle
• Negative Sentiment: Wells Fargo reportedly cut its price target to $30, adding to pressure on the stock and signaling that analysts see limited near-term upside. General Mills (NYSE:GIS) Given New $30.00 Price Target at Wells Fargo & Company
• Negative Sentiment: General Mills was also mentioned in a broader “52-week lows” consumer-stocks article, underscoring that investors remain worried about the company’s weak price action and operating outlook. NKE, NCLH, GIS stocks hit 52-week lows today: Why are these consumer firms crashing?

General Mills Price Performance

NYSE:GIS opened at $33.66 on Thursday. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 8.23 and a beta of -0.02. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The company’s 50-day moving average is $36.05 and its two-hundred day moving average is $42.57. General Mills, Inc. has a 12-month low of $32.79 and a 12-month high of $55.19.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. General Mills’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. Research analysts expect that General Mills, Inc. will post 3.43 EPS for the current year.

Analyst Upgrades and Downgrades

GIS has been the topic of several recent research reports. Evercore set a $45.00 price objective on shares of General Mills in a research report on Wednesday, February 18th. Barclays decreased their price objective on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. BTIG Research initiated coverage on shares of General Mills in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Sanford C. Bernstein decreased their price objective on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Finally, Morgan Stanley decreased their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $42.44.

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.