Capital Research Global Investors Lowers Stake in General Mills, Inc. $GIS

Key Points

• Capital Research Global Investors reduced its stake in General Mills by 3.7% in Q3 to 2,985,454 shares (about 0.56% of the company), worth roughly $150.5 million.
• Brokerages have grown cautious, with several downgrades and lower price targets; the consensus rating is a “Hold” with an average price target of $50.11 (4 Buy, 13 Hold, 4 Sell).
• General Mills beat Q results on EPS ($1.10 vs. $1.03) while revenue fell 7.2% year-over-year, set FY2026 guidance of $3.58–$3.79 EPS, and announced a $0.61 quarterly dividend (annualized $2.44, ~6.0% yield).

Capital Research Global Investors reduced its position in General Mills, Inc. (NYSE:GIS - Free Report) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,985,454 shares of the company's stock after selling 115,383 shares during the quarter. Capital Research Global Investors owned approximately 0.56% of General Mills worth $150,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Austin Private Wealth LLC raised its position in shares of General Mills by 5.0% during the 3rd quarter. Austin Private Wealth LLC now owns 4,442 shares of the company's stock valued at $224,000 after purchasing an additional 211 shares during the period. Retirement Planning Co of New England Inc. boosted its holdings in 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 during the period. Smith Moore & CO. increased its stake in 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. Stonebridge Capital Advisors LLC increased its stake in 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, AlphaCore Capital LLC raised its holdings in General Mills by 10.9% during the second quarter. AlphaCore Capital LLC now owns 2,343 shares of the company's stock valued at $121,000 after acquiring an additional 231 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business's stock in a transaction on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GIS. UBS Group restated a "sell" rating and issued a $40.00 price objective on shares of General Mills in a research report on Wednesday. Sanford C. Bernstein decreased their target price on General Mills from $53.00 to $48.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 18th. Barclays lowered their price target on General Mills from $52.00 to $46.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 18th. Bank of America downgraded General Mills from a "buy" rating to a "neutral" rating and set a $48.00 price target for the company. in a research note on Monday, February 23rd. Finally, Zacks Research lowered shares of General Mills from a "hold" rating to a "strong sell" rating in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, General Mills has an average rating of "Hold" and a consensus price target of $50.11.

General Mills Price Performance

NYSE:GIS opened at $40.66 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $21.70 billion, a P/E ratio of 8.74 and a beta of -0.05. General Mills, Inc. has a 12 month low of $40.48 and a 12 month high of $62.61. The business's 50-day moving average is $45.24 and its 200 day moving average is $47.16.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.86 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the business posted $1.40 EPS. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities research analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.0%. General Mills's dividend payout ratio (DPR) is 52.47%.

About General Mills

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.

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