HighTower Advisors LLC Cuts Stake in General Mills, Inc. $GIS

HighTower Advisors LLC cut its stake in General Mills, Inc. (NYSE:GIS) by 44.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,401,558 shares of the company’s stock after selling 1,112,455 shares during the quarter. HighTower Advisors LLC’s holdings in General Mills were worth $65,172,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Retirement Planning Co of New England Inc. raised its position in General Mills by 4.2% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock valued at $273,000 after purchasing an additional 219 shares during the period. Smith Moore & CO. raised its position in General Mills by 2.6% in the third quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock valued at $443,000 after purchasing an additional 225 shares during the period. Allegheny Financial Group raised its position in General Mills by 4.8% in the fourth quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock valued at $228,000 after purchasing an additional 226 shares during the period. Stonebridge Capital Advisors LLC raised its position in General Mills by 0.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after purchasing an additional 226 shares during the period. Finally, Tempus Wealth Planning LLC lifted its position in shares of General Mills by 5.7% during the third quarter. Tempus Wealth Planning LLC now owns 4,297 shares of the company’s stock worth $217,000 after purchasing an additional 231 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction that occurred on 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 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. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.

General Mills Price Performance

Shares of GIS stock opened at $33.66 on Thursday. The firm has a market cap of $17.96 billion, a P/E ratio of 8.23 and a beta of -0.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. General Mills, Inc. has a 1-year low of $32.79 and a 1-year high of $55.19. The firm has a fifty day moving average of $36.05 and a two-hundred day moving average of $42.57.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company 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 was down 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 earnings per share. As a group, research analysts anticipate that General Mills, Inc. will post 3.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GIS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. The Goldman Sachs Group reduced their target price on shares of General Mills from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Mizuho reduced their target price on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Zacks Research cut shares of General Mills from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Finally, Piper Sandler reduced their target price on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and an average price target of $42.44.

Key Stories Impacting General Mills

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?

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.