Synovus Financial Corp Acquires 45,396 Shares of General Mills, Inc. $GIS

Synovus Financial Corp lifted its holdings in General Mills, Inc. (NYSE:GIS) by 29.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,267 shares of the company’s stock after buying an additional 45,396 shares during the period. Synovus Financial Corp’s holdings in General Mills were worth $9,946,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of General Mills by 5.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 10,780 shares of the company’s stock worth $559,000 after purchasing an additional 592 shares during the period. Chicago Partners Investment Group LLC increased its position in General Mills by 8.8% during the second quarter. Chicago Partners Investment Group LLC now owns 4,810 shares of the company’s stock valued at $247,000 after acquiring an additional 391 shares during the last quarter. Brookstone Capital Management increased its position in General Mills by 7.5% during the second quarter. Brookstone Capital Management now owns 206,921 shares of the company’s stock valued at $10,721,000 after acquiring an additional 14,353 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in shares of General Mills by 16.4% in the second quarter. Rehmann Capital Advisory Group now owns 6,089 shares of the company’s stock valued at $315,000 after acquiring an additional 859 shares during the period. Finally, Ethic Inc. lifted its holdings in shares of General Mills by 5.9% in the 2nd quarter. Ethic Inc. now owns 124,210 shares of the company’s stock worth $6,275,000 after acquiring an additional 6,921 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the sale, the insider owned 48,568 shares in the company, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GIS shares. Stifel Nicolaus cut their price target on shares of General Mills from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler dropped their target price on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price target on General Mills from $49.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday. Sanford C. Bernstein dropped their price objective on General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $51.00 target price on shares of General Mills in a research note on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.37.

General Mills Price Performance

GIS opened at $45.38 on Thursday. General Mills, Inc. has a 12-month low of $42.78 and a 12-month high of $67.35. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The business’s fifty day simple moving average is $46.15 and its 200-day simple moving average is $47.73. The company has a market capitalization of $24.22 billion, a price-to-earnings ratio of 9.76 and a beta of -0.06.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.4%. General Mills’s payout ratio is 52.47%.

Key General Mills News

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

• Positive Sentiment: Piper Sandler remains constructive (keeps an “overweight” rating) despite trimming its price target, which provides some support that parts of the selloff may be overdone. Piper Sandler PT cut, overweight
• Positive Sentiment: MarketBeat / sector pieces are highlighting food stocks (including GIS) as defensive, reminding investors of steady cash flow characteristics that can attract buyers after a drop. Food Stocks to Buy Right Now (GIS)
• Neutral Sentiment: Management presented at the CAGNY conference outlining the “Accelerate” strategy and cost actions; this is important context but not an immediate catalyst by itself. CAGNY presentation
• Negative Sentiment: General Mills cut its fiscal‑2026 sales and profit guidance, now forecasting organic net sales down ~1.5%–2% (wider downside than prior range) and lower EPS guidance — the primary trigger for the earlier >7% drop. Reuters: General Mills cuts forecast
• Negative Sentiment: Analysts and outlets flagged higher restructuring costs (~$165M) and weaker shopper demand as drivers of steeper profit declines; that pushed downgrades and target‑price cuts. Benzinga: restructuring costs
• Negative Sentiment: Unusually heavy put buying (large options activity) signals increased hedging/speculative bearish positioning, which can amplify intraday moves. (Reported increased put volume on Feb 17.)
• Negative Sentiment: Critical analyst commentary and research pieces argue valuation and flat sales outcomes make GIS less attractive at current levels, adding to selling pressure from fundamental concerns. Seeking Alpha: low valuations no longer a buy Seeking Alpha: flat-sales bias
• Negative Sentiment: Some brokers trimmed price targets or moved to neutral/equal weight (e.g., Wells Fargo lowered its PT to $45 and set equal‑weight), which moderates near‑term upside. Benzinga: Wells Fargo PT cut

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.