BlackRock Amends General Mills Stake, Passive Investment Update

TL;DR

**BlackRock updated its General Mills stake, still a major passive holder.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of General Mills Inc. common stock as of December 31, 2023. This amendment, number 14, updates previous disclosures about BlackRock's passive investment in the food giant. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in sentiment or strategy towards General Mills, potentially influencing other investors.

Why It Matters

This filing shows BlackRock's continued significant, but passive, ownership in General Mills, which can reassure investors about institutional confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate significant risk or change in investment strategy.

Analyst Insight

Investors should note BlackRock's continued passive stake in General Mills, suggesting no immediate major shifts in institutional confidence, but should monitor future filings for any significant changes in ownership percentage or investment intent.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• General Mills Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A amendment

FAQ

From the Filing

0001086364-24-002315.txt : 20240124 0001086364-24-002315.hdr.sgml : 20240124 20240124142716 ACCESSION NUMBER: 0001086364-24-002315 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL MILLS INC CENTRAL INDEX KEY: 0000040704 STANDARD INDUSTRIAL CLASSIFICATION: GRAIN MILL PRODUCTS [2040] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 410274440 STATE OF INCORPORATION: DE FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-34820 FILM NUMBER: 24555872 BUSINESS ADDRESS: STREET 1: NUMBER ONE GENERAL MILLS BLVD CITY: MINNEAPOLIS STATE: MN ZIP: 55426 BUSINESS PHONE: (763) 764-7600 MAIL ADDRESS: STREET 1: P O BOX 1113 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us3703341046_012424.txt us3703341046_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) GENERAL MILLS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 370334104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 370334104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 48985991 (6) Shared voting power 0 (7) Sole dispositive power 54518877 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 54518877 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GENERAL MILLS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- PO BOX 1113 MINNEAPOLIS MN 55440 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -------------------------------------------------