General Mills, Inc. $GIS Shares Bought by Palouse Capital Management Inc.

Palouse Capital Management Inc. lifted its position in shares of General Mills, Inc. (NYSE:GIS) by 147.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,627 shares of the company’s stock after buying an additional 48,677 shares during the quarter. General Mills makes up 2.0% of Palouse Capital Management Inc.’s investment portfolio, making the stock its 18th largest position. Palouse Capital Management Inc.’s holdings in General Mills were worth $3,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of General Mills during the third quarter valued at approximately $25,000. Reflection Asset Management acquired a new stake in General Mills during the fourth quarter worth approximately $25,000. Nalls Sherbakoff Group LLC purchased a new stake in General Mills in the 4th quarter worth approximately $26,000. Bruce G. Allen Investments LLC grew its stake in General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares during the period. Finally, Zions Bancorporation National Association UT raised its holdings in General Mills by 248.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after acquiring an additional 449 shares during 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: 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

Analysts Set New Price Targets

A number of brokerages have weighed in on GIS. Royal Bank Of Canada reduced their price target on General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Piper Sandler lowered their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. UBS Group dropped their target price on General Mills from $35.00 to $30.00 and set a “sell” rating for the company in a research note on Tuesday, June 2nd. TD Cowen reduced their target price on General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Friday, June 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat, General Mills presently has an average rating of “Reduce” and a consensus target price of $38.44.

Insider Transactions at General Mills

In other news, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the transaction, the insider directly owned 62,283 shares in the company, valued at $2,148,763.50. This trade represents a 11.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 86,002 shares in the company, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

General Mills Stock Performance

NYSE:GIS opened at $37.61 on Thursday. The company has a market cap of $20.07 billion, a P/E ratio of 9.20 and a beta of -0.03. The firm’s 50 day moving average is $34.18 and its two-hundred day moving average is $39.88. General Mills, Inc. has a fifty-two week low of $31.75 and a fifty-two week high of $54.18. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts expect that General Mills, Inc. will post 3.42 EPS for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.61 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. General Mills’s dividend payout ratio (DPR) is presently 59.66%.

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.