Kestra Private Wealth Services LLC Reduces Stake in General Mills, Inc. $GIS

Kestra Private Wealth Services LLC cut its position in shares of General Mills, Inc. (NYSE:GIS) by 52.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,266 shares of the company’s stock after selling 25,242 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in General Mills were worth $866,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of General Mills in the fourth quarter valued at $361,552,000. Wellington Management Group LLP grew its stake in General Mills by 2,970.1% in the 4th quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after acquiring an additional 7,223,487 shares during the last quarter. AQR Capital Management LLC grew its stake in General Mills by 366.1% in the 4th quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after acquiring an additional 4,019,319 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new position in General Mills during the 2nd quarter valued at about $84,862,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in General Mills by 61.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock valued at $192,589,000 after acquiring an additional 1,573,444 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insiders Place Their Bets

In related news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction 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 approximately $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the transaction, the insider owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

More General Mills News

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

• Positive Sentiment: General Mills beat profit and sales estimates, showing demand for staple brands remains steady and margins improved. Reuters: General Mills beats quarterly estimates on steady staples demand, higher prices
• Positive Sentiment: The company announced a plan to target about $3 billion in cost savings, which could support earnings even if inflation stays elevated. Article: Why General Mills Stock Jumped Today
• Positive Sentiment: Management said pricing actions are starting to help, and the company highlighted growth in areas like protein-focused products and pet food as it works to win back budget-conscious shoppers. Article: Protein-packed Cheerios and cat food
• Neutral Sentiment: General Mills also maintained its dividend, which supports the stock’s income appeal, though the payout itself is not a major fresh catalyst. Article: General Mills Reports Fiscal 2026 Fourth-quarter Adjusted Results
• Negative Sentiment: Fiscal 2027 guidance came in below analyst expectations, signaling that management still sees pressure from inflation and cautious consumers ahead. Article: General Mills Says Inflation-Weary Shoppers Will Stay Focused on Value

Analyst Upgrades and Downgrades

Several analysts have issued reports on GIS shares. Wells Fargo & Company reduced their price target on shares of General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday, May 18th. Royal Bank Of Canada cut their price objective on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Stifel Nicolaus reduced their target price on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. BTIG Research began coverage on General Mills in a research report on Monday, April 13th. They set a “neutral” rating for the company. Finally, UBS Group cut their price target on General Mills from $35.00 to $30.00 and set a “sell” rating for the company in a report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and a consensus price target of $38.44.

General Mills Stock Performance

NYSE:GIS opened at $37.61 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The firm has a market cap of $20.07 billion, a PE ratio of 9.20 and a beta of -0.03. The firm has a 50 day simple moving average of $34.18 and a 200-day simple moving average of $39.88. General Mills, Inc. has a 1-year low of $31.75 and a 1-year high of $54.18.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. General Mills’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, equities analysts expect that General Mills, Inc. will post 3.42 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders 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 dividend yield of 6.5%. General Mills’s dividend payout ratio (DPR) is 59.66%.

General Mills Company 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.