Frank, Rimerman Advisors 13F: New $1M Stake in GIS

Frank, Rimerman Advisors opened a new position in General Mills, Inc. (NYSE: GIS) by acquiring 31,672 shares, which are valued at about $1,018,572. This action was disclosed in a filing on October 16, 2026.

What Changed in Frank, Rimerman Advisors' General Mills Position

The firm took a new position in General Mills, which was previously nonexistent in its portfolio. The newly acquired shares currently amount to 31,672 shares.

Other Institutional Activity in General Mills

Several other prominent funds also hold significant stakes in General Mills. Blackrock Inc. has a hefty 62,689,876 shares, valued at approximately $2.08 billion, after increasing its holdings by 1,760,849 shares recently. Vanguard Capital Management LLC holds 34,829,056 shares worth about $1.15 billion with a modest increase of 149,124 shares. State Street Corporation, on the other hand, cut its position slightly by selling 184,618 shares, leaving it with 34,003,904 shares valued at around $1.13 billion. Charles Schwab Investment Management, Inc. also grew its stake by 1,940,987 shares, totaling 18,048,765 shares worth about $598 million.

General Mills, Inc. Stock Up 0.3%

As of October 16, 2026, General Mills shares traded recently at $32.97, which positions the stock 33.7% below its 52-week high of $49.71. The shares are also currently below both the 50-day moving average of $36.42 and the 200-day moving average of $38.12, indicating a trend of declining stock performance.

Recent Earnings

General Mills reported a trailing twelve-month revenue of approximately $18.30 billion, but suffered a net margin of -4.9%. The company's earnings per share (EPS) for the same period was -$1.64. The next earnings report is scheduled for December 23, 2026.

Dividend

General Mills offers a dividend rate of $2.44 per share, with a yield of 7.42%. The payout ratio is 59.4%, indicating a sustainable dividend policy.

Insider Buying and Selling at General Mills, Inc.

In recent insider transactions, several executives sold shares at an average price of $36.01 on June 28, 2026. Segment President Elizabeth Mascolo sold 598 shares, Chief Supply Chain Officer Ness Jonathan David sold 480 shares, and Segment President Ricardo Fernandez sold 1,167 shares. CEO Jeffrey Harmening also sold 4,187 shares during this period.

Analysts Set New Price Targets

Analysts have mixed views on General Mills. On September 14, 2026, Evercore ISI Group maintained its "In-Line" rating with a target price of $38, while RBC Capital reiterated its "Outperform" rating with a target of $45 on September 21. TD Cowen maintained a "Hold" rating with a target of $33 on September 24, and Barclays kept an "Equal-Weight" rating with a target of $37 on September 25.

About General Mills

General Mills, Inc., headquartered in Minneapolis, MN, manufactures and markets a range of consumer food products both in the U.S. and internationally. Its operations are divided into four segments: North America Retail, International, North America Pet, and North America Foodservice. The firm's recent institutional interest reflects ongoing confidence in its market position despite recent challenges in revenue growth.

Bottom Line

Looking ahead, investors will want to keep an eye on General Mills as it prepares for its next earnings release on December 23, 2026. The recent 13F filing from Frank, Rimerman Advisors indicates a growing institutional interest, but it's important to remember that this filing reflects positions as of the reporting period and may not represent current holdings.