Pictet Asset Management Holding SA Sells 30,777 Shares of General Mills, Inc. $GIS

Pictet Asset Management Holding SA cut its stake in shares of General Mills, Inc. (NYSE:GIS) by 9.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 296,933 shares of the company’s stock after selling 30,777 shares during the period. Pictet Asset Management Holding SA’s holdings in General Mills were worth $11,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GIS. LBP AM SA purchased a new position in shares of General Mills in the fourth quarter worth approximately $2,639,000. Oak Thistle LLC bought a new stake in General Mills during the fourth quarter valued at approximately $1,320,000. Robeco Institutional Asset Management B.V. increased its holdings in General Mills by 1,824.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after buying an additional 848,712 shares during the last quarter. Korea Investment CORP increased its holdings in General Mills by 161.9% during the third quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock valued at $16,800,000 after buying an additional 205,981 shares during the last quarter. Finally, HF Advisory Group LLC raised its position in General Mills by 550.2% in the fourth 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 period. 75.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ricardo Fernandez sold 7,995 shares of the company’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 completion of the transaction, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’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 directly 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

General Mills Price Performance

Shares of NYSE:GIS opened at $37.50 on Friday. The company has a market capitalization of $20.01 billion, a P/E ratio of -208.31 and a beta of -0.03. General Mills, Inc. has a 1-year low of $31.75 and a 1-year high of $54.01. The firm’s 50 day simple moving average is $34.28 and its two-hundred day simple moving average is $39.80. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.36.

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, topping analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts expect that General Mills, Inc. will post 3.06 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, July 10th. General Mills’s dividend payout ratio is presently -1,355.56%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday. Mizuho reduced their price objective on General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Weiss Ratings raised General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. Wells Fargo & Company lifted their target price on General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Morgan Stanley cut their price target on General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $39.00.

General Mills News Roundup

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

• Positive Sentiment: General Mills reported Q4 EPS of $0.95 on revenue of $4.61 billion, both ahead of estimates, which helped lift sentiment toward the stock. General Mills (GIS) Stock Trades Up, Here Is Why
• Positive Sentiment: Management said it is targeting up to $3 billion in cost savings by fiscal 2030 and shifting toward innovation, which investors may view as a margin and earnings tailwind. General Mills Inc (GIS) Q4 2026 Earnings Call Highlights
• Positive Sentiment: The company also introduced product initiatives such as Reese’s Puffs and Honey Nut Cheerios Protein, reinforcing its effort to refresh the portfolio and support sales growth. General Mills (GIS) Launches Reese’s Puffs GloRilla Tie Up And Honey Nut Cheerios Protein
• Neutral Sentiment: Several brokers raised price targets after the earnings release, but ratings were still mostly neutral or negative, signaling that Wall Street sees limited upside until growth improves. These Analysts Increase Their Forecasts On General Mills After Upbeat Q4 Results
• Neutral Sentiment: Wells Fargo reiterated a Sell rating, while other firms such as JPMorgan, Deutsche Bank, Barclays, and Bank of America maintained cautious stances, highlighting ongoing concerns about weak sales growth and execution. Wells Fargo Remains a Sell on General Mills (GIS)
• Negative Sentiment: Analysts continue to flag “less bad” guidance and structural concerns, indicating the market still doubts a durable demand rebound for General Mills. General Mills Beats, But ‘Less Bad’ Outlook Leaves Analyst Unimpressed

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.