Resona Asset Management Co. Ltd. Sells 18,258 Shares of General Mills, Inc. $GIS

Resona Asset Management Co. Ltd. lessened its position in shares of General Mills, Inc. (NYSE:GIS) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 252,414 shares of the company’s stock after selling 18,258 shares during the period. Resona Asset Management Co. Ltd.’s holdings in General Mills were worth $11,750,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of General Mills during the 3rd quarter worth approximately $25,000. Close Asset Management Ltd acquired a new position in General Mills during the 3rd quarter valued at approximately $28,000. Activest Wealth Management increased its stake in General Mills by 211.7% during the 4th quarter. Activest Wealth Management now owns 695 shares of the company’s stock valued at $32,000 after purchasing an additional 472 shares in the last quarter. Binnacle Investments Inc increased its stake in General Mills by 312.5% during the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its stake in General Mills by 190.2% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 737 shares of the company’s stock valued at $34,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of NYSE GIS opened at $33.66 on Thursday. General Mills, Inc. has a 52 week low of $32.79 and a 52 week high of $55.19. The stock has a market capitalization of $17.96 billion, a price-to-earnings ratio of 8.23 and a beta of -0.02. The firm has a 50-day simple moving average of $36.05 and a 200-day simple moving average of $42.57. 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 released its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.General Mills’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 earnings per share. On average, equities analysts predict that General Mills, Inc. will post 3.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday. BTIG Research initiated coverage on shares of General Mills in a report on Monday, April 13th. They set a “neutral” rating on the stock. Stifel Nicolaus lowered their price target on shares of General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Morgan Stanley lowered their price target on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a report on Wednesday, February 18th. Finally, Sanford C. Bernstein decreased their price objective on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, General Mills presently has an average rating of “Reduce” and an average price target of $42.44.

Key General Mills News

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

• Positive Sentiment: General Mills promoted Dana McNabb to Chief Operating Officer effective June 1, a move that could support execution as the company tries to improve growth and adapt to changing snacking trends. The company also highlighted new Gushers fruit snack launches, which may help refresh its product lineup. General Mills Taps New COO As Bold Fruit Snacks Test Growth Story
• Positive Sentiment: One Seeking Alpha piece argued that the stock’s reduced valuation already discounts a lot of risk, suggesting downside may be more limited than before. General Mills: Reduced Valuation Fairly Discounts Risk (Rating Upgrade)
• Neutral Sentiment: General Mills said CFO Kofi Bruce and COO Dana McNabb will speak at the dbAccess Global Consumer Conference on June 4. Investors may watch the webcast for any update on demand trends, pricing, and the company’s outlook, but the announcement itself is routine. General Mills to Webcast Remarks at dbAccess Global Consumer Conference on June 4, 2026
• Neutral Sentiment: Another article noted that sticky inflation could help support pricing, but also said the turnaround still needs proof, reinforcing the view that the recovery story is unconfirmed. General Mills: Sticky Inflation Could Help, But The Turnaround Still Needs Proof
• Negative Sentiment: Bearish commentary is building, with one Seeking Alpha article calling General Mills “fighting a difficult battle,” reflecting ongoing concerns about sales pressure and margin challenges. General Mills Is Fighting A Difficult Battle
• Negative Sentiment: Wells Fargo reportedly cut its price target to $30, adding to pressure on the stock and signaling that analysts see limited near-term upside. General Mills (NYSE:GIS) Given New $30.00 Price Target at Wells Fargo & Company
• Negative Sentiment: General Mills was also mentioned in a broader “52-week lows” consumer-stocks article, underscoring that investors remain worried about the company’s weak price action and operating outlook. NKE, NCLH, GIS stocks hit 52-week lows today: Why are these consumer firms crashing?

Insider Activity

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the transaction, the insider owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 directly owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.

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.