Korea Investment CORP Boosts Stock Holdings in General Mills, Inc. $GIS

Key Points

• Korea Investment CORP boosted its stake in General Mills by 161.9% in Q3, buying an additional 205,981 shares to hold 333,199 shares worth about $16.8 million (≈0.06% of the company).
• General Mills is trading near its 12‑month low (stock down ~2.5%) amid mixed analyst actions and lower price targets, while its FY2026 EPS guidance of 3.58–3.79 is below the ~4.36 consensus; the company also pays a $0.61 quarterly dividend (annualized $2.44) for a 5.8% yield.

Korea Investment CORP increased its position in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 161.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 333,199 shares of the company's stock after buying an additional 205,981 shares during the period. Korea Investment CORP owned 0.06% of General Mills worth $16,800,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Close Asset Management Ltd purchased a new position in General Mills in the third quarter valued at $28,000. Davis Capital Management purchased a new stake in shares of General Mills during the 3rd quarter worth about $29,000. Salomon & Ludwin LLC grew its position in shares of General Mills by 1,094.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company's stock valued at $32,000 after acquiring an additional 591 shares during the period. Financial Consulate Inc. acquired a new stake in shares of General Mills during the 3rd quarter valued at about $32,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of General Mills by 343.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 781 shares of the company's stock valued at $39,000 after purchasing an additional 605 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company's stock.

Wall Street Analyst Weigh In

GIS has been the topic of a number of recent analyst reports. Weiss Ratings downgraded General Mills from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, January 13th. TD Cowen cut their price objective on General Mills from $47.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 18th. Sanford C. Bernstein reduced their target price on General Mills from $53.00 to $48.00 and set a "market perform" rating for the company in a research note on Wednesday, February 18th. Evercore set a $45.00 target price on General Mills in a research report on Wednesday, February 18th. Finally, Bank of America cut shares of General Mills from a "buy" rating to a "neutral" rating and set a $48.00 price target on the stock. in a research note on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, General Mills has an average rating of "Hold" and an average target price of $50.42.

General Mills Trading Down 2.5%

GIS stock opened at $42.33 on Wednesday. General Mills, Inc. has a 12-month low of $42.27 and a 12-month high of $64.95. The business's 50-day moving average is $45.36 and its 200 day moving average is $47.20. 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 stock has a market cap of $22.59 billion, a price-to-earnings ratio of 9.10 and a beta of -0.05.

General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating 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%.The business's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, sell-side analysts anticipate that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.61 dividend. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.8%. General Mills's dividend payout ratio (DPR) is presently 52.47%.

Insiders Place Their Bets

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.