California Public Employees Retirement System Trims Stock Position in General Mills, Inc. $GIS

California Public Employees Retirement System trimmed its stake in shares of General Mills, Inc. (NYSE:GIS) by 16.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,684,491 shares of the company’s stock after selling 327,192 shares during the quarter. California Public Employees Retirement System owned about 0.32% of General Mills worth $84,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Close Asset Management Ltd acquired a new position in General Mills in the 3rd quarter valued at $28,000. Davis Capital Management acquired a new stake in shares of General Mills in the 3rd quarter worth $29,000. Salomon & Ludwin LLC lifted its stake in shares of General Mills by 1,094.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after acquiring an additional 591 shares during the period. Financial Consulate Inc. purchased a new stake in shares of General Mills in the third quarter valued at about $32,000. Finally, Binnacle Investments Inc boosted its holdings in shares of General Mills by 312.5% in the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

General Mills Trading Down 1.0%

Shares of GIS stock opened at $38.98 on Tuesday. The stock has a market cap of $20.80 billion, a P/E ratio of 8.38 and a beta of -0.05. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. General Mills, Inc. has a fifty-two week low of $38.59 and a fifty-two week high of $62.61. The business has a fifty day simple moving average of $44.87 and a 200-day simple moving average of $46.94.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.03 by $0.07. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared 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. This represents a $2.44 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio is 52.47%.

Key General Mills News

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

Analyst Ratings Changes

GIS has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 price target on shares of General Mills in a research note on Thursday, December 18th. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the company an “outperform” rating in a report on Wednesday, December 17th. Mizuho set a $47.00 target price on General Mills in a research report on Monday, February 23rd. Stifel Nicolaus cut 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. Finally, Morgan Stanley reduced their price target on General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a report on Wednesday, February 18th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $48.94.

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.