Vanguard Amends General Mills Stake: Shared Voting Power 741,378 Shares

TL;DR

**Vanguard still holds a big chunk of General Mills, showing continued institutional interest.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment (SC 13G/A) on February 13, 2024, updating its beneficial ownership in General Mills Inc. As of December 29, 2023, Vanguard reported shared voting power over 741,378 shares of General Mills' Common Stock. This filing indicates Vanguard continues to be a significant institutional holder, which matters to investors as large institutional ownership can provide stability but also influence stock movements if positions change.

Why It Matters

This filing shows Vanguard's continued significant, albeit slightly adjusted, stake in General Mills, indicating ongoing institutional confidence in the company. Investors should note that large institutional holdings can impact stock liquidity and price stability.

Risk Assessment

Risk Level: low — This is a routine update from a major institutional investor, not indicating any immediate significant risk or change in company fundamentals.

Analyst Insight

An investor should view this as a routine disclosure from a major institutional holder, confirming Vanguard's continued presence. It doesn't signal an immediate buy or sell, but rather reinforces that General Mills is a stock held by large, passive funds.

Key Numbers

• 741,378 — Shares with Shared Voting Power (Represents Vanguard's influence over a portion of General Mills' stock.)
• 0 — Shares with Sole Voting Power (Indicates Vanguard does not have exclusive voting control over any shares.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• General Mills Inc (company) — issuer of the securities
• 741,378 (dollar_amount) — number of shares with shared voting power
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard will maintain a significant, long-term institutional stake in General Mills. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

Filing Documents

• tv01002-generalmillsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021004.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: General Mills Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1 General Mills Boulevard Minneapolis, MN 55426-1347

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 370334104

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR