Sumitomo Mitsui Trust Group Inc. Has $54.18 Million Position in General Mills, Inc. $GIS

Sumitomo Mitsui Trust Group Inc. cut its holdings in General Mills, Inc. (NYSE:GIS) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,455,768 shares of the company’s stock after selling 69,599 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in General Mills were worth $54,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LBP AM SA acquired a new position in shares of General Mills during the 4th quarter worth about $2,639,000. Oak Thistle LLC acquired a new stake in shares of General Mills in the 4th quarter valued at approximately $1,320,000. Robeco Institutional Asset Management B.V. raised its position in shares of 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 acquiring an additional 848,712 shares during the period. 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 acquiring an additional 66,981 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in General Mills by 2,806.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 762,517 shares of the company’s stock worth $35,457,000 after acquiring an additional 736,283 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling at General Mills

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the sale, the insider directly owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GIS. UBS Group set a $33.00 price objective on shares of General Mills in a report on Monday, July 6th. BNP Paribas Exane lifted their price target on shares of General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Sanford C. Bernstein lowered shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Finally, Barclays lowered their price objective on shares of General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, General Mills currently has an average rating of “Reduce” and an average price target of $39.16.

General Mills Stock Up 1.0%

General Mills stock traded up $0.38 during midday trading on Friday, reaching $36.23. The stock had a trading volume of 8,320,000 shares, compared to its average volume of 10,550,534. The stock has a market capitalization of $19.33 billion, a P/E ratio of -201.24 and a beta of -0.03. The firm’s fifty day simple moving average is $34.42 and its 200-day simple moving average is $39.40. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. General Mills, Inc. has a 1-year low of $31.75 and a 1-year high of $51.82.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, analysts expect that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, July 10th. General Mills’s payout ratio is currently -1,355.56%.

More General Mills News

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

• Positive Sentiment: General Mills reaffirmed its quarterly dividend and completed a multiyear buyback of more than 73 million shares, signaling continued commitment to shareholder returns despite the impairment-driven loss. How Investors May Respond To General Mills (GIS) $1.75 Billion Impairment And Surprise Annual Loss
• Positive Sentiment: The company continues to lean on cost savings, innovation, and brand investment to support margins in fiscal 2027, which could help earnings recover if demand stabilizes. GIS Stock Outlook as Sales Pressure Tests Margin Recovery in 2027
• Neutral Sentiment: General Mills is trading at about 11.5x forward earnings, which has prompted debate over whether the stock is a value opportunity or a value trap depending on how quickly sales and cash flow improve. Is GIS Stock a Value Trap or Opportunity at 11x Forward Earnings Now
• Negative Sentiment: Analysts remain focused on weak consumer demand and heavier promotions, which are pressuring sales growth and making the margin recovery in fiscal 2027 look fragile. General Mills Trends to Watch as Savings Fight Soft Demand in 2027
• Negative Sentiment: General Mills reported a $1.75 billion goodwill and intangible impairment that pushed the company into a surprise net loss, reinforcing concerns about near-term profitability. How Investors May Respond To General Mills (GIS) $1.75 Billion Impairment And Surprise Annual Loss

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.