DoubleLine ETF Adviser LP Purchases New Stake in General Mills, Inc. $GIS

Posted by Patrick Bannon on Mar 15th, 2026

DoubleLine ETF Adviser LP purchased a new stake in shares of General Mills, Inc. (NYSE:GIS – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 29,412 shares of the company’s stock, valued at approximately $1,483,000.

A number of other large investors have also added to or reduced their stakes in the company. Brevan Howard Capital Management LP boosted its holdings in shares of General Mills by 18.4% during the third quarter. Brevan Howard Capital Management LP now owns 42,853 shares of the company’s stock worth $2,161,000 after purchasing an additional 6,674 shares during the period. Ausdal Financial Partners Inc. increased its holdings in General Mills by 27.5% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 16,692 shares of the company’s stock valued at $842,000 after purchasing an additional 3,605 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in General Mills by 3.4% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 82,184 shares of the company’s stock valued at $4,144,000 after purchasing an additional 2,675 shares during the last quarter. Chiron Capital Management LLC raised its position in General Mills by 29.6% during the 3rd quarter. Chiron Capital Management LLC now owns 10,514 shares of the company’s stock valued at $530,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in General Mills by 14.3% in the 3rd quarter. Bank of Nova Scotia now owns 74,418 shares of the company’s stock worth $3,752,000 after buying an additional 9,300 shares during the period. Institutional investors own 75.71% of the company’s stock.

More General Mills News

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

Positive Sentiment: Named Jonathan Ness as Chief Supply Chain Officer and accelerated removal of certified colors in its K–12 portfolio — a move that could improve execution, margin recovery and brand positioning if cost-savings and premiumization follow. Does General Mills’ (GIS) Supply Chain Shift and Cleaner Labels Recast Its Margin Narrative?
Neutral Sentiment: Pre-earnings coverage is digging beyond revenue/EPS to metrics investors care about (gross margin, organic sales, pricing/volume mix, working capital) ahead of the Q3 print. Watch margins and SG&A cadence. Countdown to General Mills (GIS) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Neutral Sentiment: Another analyst preview (Zacks) reiterates the same focus on operational metrics and margin drivers for the quarter — useful guidance but not market-moving by itself. Countdown to General Mills (GIS) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS (Zacks)
Neutral Sentiment: General market pieces on high-yield names (Fool) do not feature GIS specifically but underscore investor appetite for yield — relevant context given concerns about GIS’s payout ratio. Here Are My Top 3 High-Yield Dividend Stocks to Buy Now
Negative Sentiment: Wells Fargo downgraded General Mills to Underweight, flagging earnings pressure, elevated leverage and a stretched dividend payout ratio — a direct catalyst behind the stock weakness. Wells Fargo downgrades General Mills (GIS)
Negative Sentiment: Related Wells Fargo note cited across outlets downgrading Conagra, Campbell’s and General Mills for similar profit and payout risks — broad analyst skepticism for the packaged-food group. Wells Fargo downgrades Conagra, Campbell’s and General Mills on profit risks
Negative Sentiment: Benzinga and other outlets note additional analyst downgrades and a tilt toward bearish coverage on GIS — reinforcing the negative momentum among sell-side shops. This General Mills Analyst Turns Bearish; Here Are Top 5 Downgrades For Thursday
Negative Sentiment: Peer weakness: Campbell’s reported a weak quarter (sales down, organic sales down), highlighting consumption pressure in the category — negative signal for pricing/volume prospects across packaged foods. Campbell’s posts one of worst quarters in years: revenues fell 5%, organic sales dropped 3%

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GIS has been the topic of a number of recent analyst reports. TD Cowen cut their price objective on General Mills from $47.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 18th. Mizuho set a $47.00 price target on General Mills in a research note on Monday, February 23rd. Barclays cut their price target on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Bank of America downgraded shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Monday, February 23rd. Finally, Evercore set a $45.00 price objective on shares of General Mills in a report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $49.11.

Get Our Latest Report on GIS

General Mills Trading Down 0.1%

GIS opened at $39.38 on Friday. 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 52 week low of $39.29 and a 52 week high of $62.61. The stock has a market cap of $21.01 billion, a PE ratio of 8.47 and a beta of -0.05. The business has a 50 day moving average of $44.98 and a 200-day moving average of $47.02.

General Mills (NYSE:GIS – Get Free Report) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

General Mills Profile

(Free Report)

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.