State Street Corp Amends General Mills Stake Filing
Ticker: GIS · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 40704
| Field | Detail |
|---|---|
| Company | General Mills INC (GIS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated its General Mills stake, showing continued institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, indicating its ownership of General Mills Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued significant, but passive, investment in the consumer food giant. For investors, this signals that a large institutional player maintains confidence in General Mills, which can be a positive indicator of stability.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, continues to hold a significant position in General Mills, suggesting ongoing confidence in the company's stability and performance.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in investment strategy or significant risk to the company.
Analyst Insight
An investor should view this as a routine update from a large institutional holder, confirming their continued, passive investment in General Mills. It doesn't signal an immediate buy or sell, but rather reinforces the company's status as a stable, institutionally-held stock.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- General Mills Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- 0000040704 (number) — Central Index Key (CIK) for General Mills Inc.
- 0000093751 (number) — Central Index Key (CIK) for State Street Corporation
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' sections.
Who is the subject company whose shares are being reported?
The subject company is GENERAL MILLS INC, as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MILLS INC'.
Who is the entity that filed this report?
The entity that filed this report is STATE STREET CORPORATION, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP' and '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was 12/31/2023, as specified in the document.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of General Mills Inc. is 370334104, as listed under 'CUSIP NUMBER' and 'CUSIP NO:370334104'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding GENERAL MILLS INC (GIS).