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

Kestra Private Wealth Services LLC cut its position in General Mills, Inc. (NYSE:GIS) by 52.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LBP AM SA acquired a new stake in shares of General Mills in the fourth quarter valued at approximately $2,639,000. Oak Thistle LLC purchased a new stake in General Mills in the 4th quarter valued at $1,320,000. Robeco Institutional Asset Management B.V. raised its position in General Mills by 1,824.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after purchasing an additional 848,712 shares during the last quarter. Korea Investment CORP boosted its stake in General Mills by 161.9% during the 3rd quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock worth $16,800,000 after purchasing an additional 205,981 shares during the period. Finally, HF Advisory Group LLC boosted its stake in General Mills by 550.2% during the 4th quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock worth $3,681,000 after purchasing an additional 66,981 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills News Roundup

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

Insiders Place Their Bets

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by company insiders.

General Mills Price Performance

Shares of GIS opened at $37.61 on Thursday. General Mills, Inc. has a twelve month low of $31.75 and a twelve month high of $54.18. The stock’s 50 day moving average is $34.18 and its two-hundred day moving average is $39.88. The firm has a market capitalization of $20.07 billion, a PE ratio of 9.20 and a beta of -0.03. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last issued 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 business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts anticipate that General Mills, Inc. will post 3.42 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.61 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.5%. General Mills’s dividend payout ratio is presently 59.66%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GIS. BTIG Research began coverage on shares of General Mills in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Piper Sandler lowered their price target on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price target on shares of General Mills in a research report on Tuesday, June 2nd. Royal Bank Of Canada decreased 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. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $36.00 target price on shares of General Mills in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, General Mills currently has an average rating of “Reduce” and an average price target of $38.44.

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.