Gotham Asset Management LLC Buys 84,193 Shares of General Mills, Inc. $GIS

Key Points

• Gotham Asset Management increased its stake in General Mills by 17.4% in Q3, buying 84,193 shares and bringing its holding to 568,928 shares worth about $28.7 million (roughly 0.11% of the company).
• Other large investors—including Norges Bank, Two Sigma, Diamond Hill and Nordea—also initiated or materially grew positions, leaving institutional investors with about 75.71% ownership of the stock.
• Wall Street is cautious: General Mills carries a consensus rating of "Reduce" with an average price target of $48.94 after several downgrades, even as the company recently beat EPS expectations, reported year‑over‑year revenue decline, set FY26 guidance of 3.58–3.79 EPS, and announced a quarterly dividend yielding 6.3%.

Gotham Asset Management LLC boosted its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 17.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 568,928 shares of the company's stock after purchasing an additional 84,193 shares during the quarter. Gotham Asset Management LLC owned about 0.11% of General Mills worth $28,685,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in General Mills during the 2nd quarter worth approximately $417,508,000. Worldquant Millennium Advisors LLC bought a new stake in General Mills in the second quarter valued at approximately $84,862,000. Two Sigma Investments LP raised its holdings in General Mills by 82.8% in the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company's stock worth $172,226,000 after purchasing an additional 1,546,993 shares during the period. Diamond Hill Capital Management Inc. boosted its position in shares of General Mills by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company's stock worth $384,625,000 after purchasing an additional 1,383,913 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of General Mills by 15.9% during the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company's stock worth $494,548,000 after purchasing an additional 1,368,041 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction on Friday, December 19th. The stock was 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. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms 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, March 11th. Stifel Nicolaus decreased their target price on General Mills from $52.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Jefferies Financial Group dropped their price target on General Mills from $50.00 to $47.00 and set a "hold" rating on the stock in a research report on Thursday, December 11th. Weiss Ratings cut General Mills from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, January 13th. Finally, Zacks Research lowered General Mills from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of "Reduce" and an average price target of $48.94.

Key Stories Impacting General Mills

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

• Positive Sentiment: General Mills is reviving its La Tiara taco‑shell brand, expanding the product from regional to national distribution and creating more than 100 local jobs — a potential boost to shelf presence, category momentum and long‑term top‑line growth. General Mills Reintroduces Beloved La Tiara Brand
• Neutral Sentiment: GIS will report Q1 results before the market opens this Wednesday; preview pieces outline what to watch (margins, promotional activity, and guidance) but don’t yet move consensus materially — results could spark near‑term volatility. What To Expect From General Mills’s (GIS) Q1 Earnings
• Neutral Sentiment: Macro calendar risk: the Fed decision and PPI release this week could shift market sentiment and affect consumer spending expectations and input‑cost outlooks for packaged‑food names like General Mills. Fed Meeting, PPI, Micron Earnings: Still to Come This Week
• Neutral Sentiment: Opinion pieces highlighting a bullish, value‑oriented thesis on GIS (low P/E, stable cash flow) are circulating — these argue for longer‑term upside but are commentary rather than new company fundamentals. Is General Mills, Inc. (GIS) A Good Stock To Buy Now? InsiderMonkey: Is General Mills A Good Stock To Buy Now?
• Negative Sentiment: Analyst previews (Zacks, Yahoo) flag that Q3/Q1 revenue and EPS may decline due to increased promotions, cost pressures and investments — this outlook increases the risk of an earnings miss or weaker guidance that would push the stock lower. GIS Q3 Earnings on the Horizon: Essential Insights for Investors (Yahoo) Zacks: GIS Q3 Earnings on the Horizon
• Negative Sentiment: Barclays cut its price target to $43 and set an “equal weight” rating, signaling more conservative near‑term expectations from the sell‑side; analyst downgrades or PT cuts tend to weigh on sentiment ahead of earnings. Benzinga: Barclays Lowers Price Target

General Mills Stock Down 1.0%

Shares of GIS stock opened at $38.98 on Tuesday. General Mills, Inc. has a 52-week low of $38.59 and a 52-week high of $62.61. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 8.38 and a beta of -0.05. The firm's 50-day moving average is $44.87 and its 200-day moving average is $46.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.07. The business had revenue of $4.86 billion during the quarter, compared to analysts' expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.General Mills's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Sell-side analysts predict that General Mills, Inc. will post 4.36 EPS for the current 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 dividend of $0.61 per share. 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 6.3%. General Mills's payout ratio is presently 52.47%.

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.

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