First Horizon Corp Purchases 29,930 Shares of General Mills, Inc. $GIS

First Horizon Corp raised its position in General Mills, Inc. (NYSE:GIS) by 786.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,735 shares of the company’s stock after purchasing an additional 29,930 shares during the quarter. First Horizon Corp’s holdings in General Mills were worth $1,256,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of General Mills during the second quarter valued at approximately $9,188,000. Bank of Nova Scotia lifted its stake in shares of General Mills by 4.1% during the 2nd quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock worth $3,374,000 after acquiring an additional 2,552 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock worth $465,000 after acquiring an additional 4,752 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in General Mills by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after acquiring an additional 3,814 shares during the period. Finally, Nebula Research & Development LLC boosted its holdings in General Mills by 334.2% during the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock valued at $1,012,000 after acquiring an additional 15,041 shares during the period. Institutional investors own 75.71% of the company’s stock.

Wall Street Analyst Weigh In

GIS has been the topic of several research analyst reports. Stifel Nicolaus cut their price objective on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Bank of America lifted their target price on General Mills from $36.00 to $39.00 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 target price for the company. in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price target on shares of General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company raised their price target on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, General Mills has a consensus rating of “Reduce” and an average price target of $39.16.

Key Headlines Impacting General Mills

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

General Mills Stock Up 1.0%

Shares of NYSE:GIS opened at $36.23 on Friday. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.82. The stock has a market cap of $19.33 billion, a P/E ratio of -201.24 and a beta of -0.03. The business’s 50 day moving average is $34.42 and its 200 day moving average is $39.40. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. The company had revenue of $4.61 billion for 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%.General Mills’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Sell-side analysts predict that General Mills, Inc. will post 3.07 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.7%. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

Insider Buying and Selling at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This 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 is available through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction dated 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 owned 62,283 shares in the company, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

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.