General Mills Insider Ness Jonathan David Sells Shares

Ness Jonathan David, the Chief Supply Chain Officer at General Mills, Inc. (NYSE:GIS), sold 480 shares of the company on June 28, 2026. The shares were sold at an average price of $36.01, totaling $17,284.80. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at General Mills, Inc.

On the same day, several other General Mills executives also sold shares. Jacqueline Williams-Roll, Chief Human Resources Officer, sold 671 shares. Jaime Montemayor, Chief Technology Officer, sold 2,927 shares. Dana McNabb, Chief Operating Officer, sold 1,410 shares. Karen Wilson Thissen, General Counsel & Secretary, sold 2,082 shares. Kofi Bruce, Chief Financial Officer, sold 3,881 shares, and Jeffrey Harmening, Chairman and CEO, sold 4,187 shares. All these transactions were executed at the same price of $36.01 per share.

Other Institutional Activity in General Mills

In recent institutional activity, BlackRock, Inc. increased its holdings in General Mills by 6,495,158 shares, bringing its total to 60,927,453 shares valued at approximately $2.27 billion, marking an 11.9% increase. Vanguard Capital Management LLC initiated a new position with 34,679,875 shares worth about $1.29 billion. State Street Corp added 1,118,302 shares, ending with 34,189,266 shares valued at $1.27 billion, a 3.4% increase. Charles Schwab Investment Management Inc. reduced its holdings by 3,589,745 shares, now holding 16,108,174 shares worth roughly $599.5 million, marking an 18.2% decrease.

General Mills, Inc. Stock Down 8.5%

Shares of General Mills (NYSE:GIS) traded near $35.76 on Tuesday. The company has a market capitalization of approximately $19.2 billion with a P/E ratio of 8.8, reflecting its earnings per share of $4.09. The stock's 52-week range is between $31.75 and $54.18. It has a 50-day moving average of $34.16 and a 200-day moving average of $42.55. General Mills maintains a current ratio of 0.563 and a quick ratio of 0.304, with a debt-to-equity ratio of 217.63.

Recent Earnings

General Mills reported revenues of about $18.37 billion, indicating a growth of 2.2%. The company's net margin stands at 12.05% with a return on equity of 23.59%. The next earnings report is scheduled for July 1, 2026.

Dividend

General Mills offers an annual dividend rate of $2.44, yielding 6.78%. The dividend payout ratio is 59.41%, with the next ex-dividend date not yet specified.

Analysts Set New Price Targets

Several analysts have recently set price targets for General Mills. On June 26, 2026, TD Cowen maintained a 'hold' rating with a target of $31. Evercore ISI Group also maintained a 'hold' rating with a $39 target on June 25, 2026. Morgan Stanley and JP Morgan both maintained 'sell' ratings with targets of $32 and $31, respectively, earlier in June. The consensus among 18 analysts is to 'hold', with a target mean price of $36.72.

About General Mills

General Mills, Inc., based in Minneapolis, Minnesota, is a major player in the Consumer Defensive sector, specializing in packaged foods. The company, led by CEO Jeffrey L. Harmening, employs around 33,000 people and operates through segments like North America Retail and International. Its product lineup includes well-known brands such as Cheerios, Betty Crocker, and Häagen-Dazs. General Mills markets its products to a broad range of retailers and foodservice distributors globally.

Bottom Line

The recent insider selling at General Mills, including transactions by top executives, offers a glimpse into the company's internal activities. Investors often track such transactions for potential insights, although they don't necessarily predict future stock performance. It's important to remember that these insider activities are disclosed after the fact, and the company remains a significant player in the packaged foods industry.