General Mills, Inc. $GIS Shares Sold by State Street Corp

Key Points

• State Street reduced its General Mills position by 0.5%, selling 185,362 shares and retaining 34.0 million shares worth approximately $1.18 billion, or 6.36% of the company. Institutional investors collectively own 75.71% of GIS.
• Analyst sentiment remains mixed: RBC reiterated an “Outperform” rating with a $45 target, while UBS maintained a “Sell” rating amid weak consumption, inflation and rising input costs. MarketBeat’s overall rating is “Reduce,” with an average target price of $36.41.
• General Mills recently beat quarterly earnings expectations, reporting $0.95 in EPS versus $0.80 expected and $4.61 billion in revenue. The company also pays a quarterly dividend of $0.61 per share, representing a high annualized yield of about 6.9%, though its payout sustainability is a concern.

State Street Corp cut its position in General Mills, Inc. (NYSE:GIS - Free Report) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,003,904 shares of the company's stock after selling 185,362 shares during the period. State Street Corp owned 6.36% of General Mills worth $1,183,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. MCF Advisors LLC raised its position in shares of General Mills by 7.8% in the second quarter. MCF Advisors LLC now owns 3,812 shares of the company's stock valued at $133,000 after buying an additional 277 shares during the last quarter. Triumph Capital Management lifted its stake in General Mills by 45.0% in the 2nd quarter. Triumph Capital Management now owns 915 shares of the company's stock worth $32,000 after purchasing an additional 284 shares in the last quarter. HB Wealth Management LLC lifted its stake in General Mills by 0.6% in the 1st quarter. HB Wealth Management LLC now owns 48,145 shares of the company's stock worth $1,792,000 after purchasing an additional 309 shares in the last quarter. Investment Partners LTD. boosted its holdings in shares of General Mills by 7.0% during the 4th quarter. Investment Partners LTD. now owns 5,097 shares of the company's stock worth $237,000 after purchasing an additional 334 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its position in shares of General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company's stock valued at $27,000 after purchasing an additional 337 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Key General Mills News

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

• Positive Sentiment: Royal Bank of Canada reaffirmed its “Outperform” rating and set a $45 price target, implying substantial upside from recent trading levels. Analysts also cited General Mills’ product innovation, premium offerings and broader distribution as potential supports for brand momentum. Is General Mills Positioned for a Beat in Q1 Earnings Release?
• Neutral Sentiment: Investors are focused on whether cost-saving initiatives are beginning to offset inflation and soft demand. Management previously indicated that first-quarter sales and profit growth would trail its full-year targets, with savings expected to accelerate later in the fiscal year. The results and guidance will be key catalysts for the stock. General Mills Is Fighting Inflation and Soft Demand
• Negative Sentiment: UBS reiterated its “Sell” rating, warning that weak consumption and rising input costs could prevent sales growth. UBS expects adjusted first-quarter EPS of $0.72, in line with consensus, but reduced its fiscal 2027 EPS estimate to $3.01 from $3.03, below the Street forecast of $3.08. General Mills faces pressure from costs and weak consumption ahead of results
• Negative Sentiment: RBC warned General Mills could miss quarterly earnings estimates because of inflation and shipment timing. The unusually high dividend yield—reported at approximately 6.72%—is attracting income investors but is also viewed by some commentators as a warning sign of deteriorating expectations and elevated payout risk. General Mills Likely to Miss Quarterly Earnings Estimates

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Evercore set a $38.00 price target on General Mills in a report on Monday, September 14th. BNP Paribas Exane upped their target price on General Mills from $37.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on General Mills from $31.00 to $35.00 and gave the stock an "underweight" rating in a research note on Thursday, July 2nd. Wells Fargo & Company lifted their price target on General Mills from $30.00 to $33.00 and gave the stock an "underweight" rating in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $45.00 price target on shares of General Mills in a research report on Monday. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, General Mills presently has an average rating of "Reduce" and an average target price of $36.41.

General Mills Stock Performance

NYSE GIS opened at $35.45 on Wednesday. The stock has a fifty day simple moving average of $37.85 and a 200-day simple moving average of $36.46. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. The stock has a market cap of $18.95 billion, a PE ratio of -196.94, a P/E/G ratio of 1.93 and a beta of -0.01. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $51.33.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating 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 company had revenue of $4.61 billion for the quarter, compared to analysts' expectations of $4.59 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. General Mills's revenue for the quarter was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts anticipate that General Mills, Inc. will post 3.06 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, July 10th. General Mills's dividend payout ratio is currently -1,355.56%.

General Mills Company Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company's brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.

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