Capital International Investors Amends General Mills Stake to 4.7%

TL;DR

**Capital International Investors now owns 4.7% of General Mills, a slight change in their institutional stake.**

AI Summary

Capital International Investors, a Delaware-based investment firm, has updated its holdings in General Mills Inc. as of December 29, 2023. The firm now beneficially owns 27,007,081 shares of General Mills' Common Stock, representing 4.7% of the company. This is an amendment (Amendment No. 2) to their previous filing, indicating a change in their ownership stake. This matters to investors because it shows a significant institutional investor's current level of confidence (or lack thereof) in General Mills, which can influence market perception and stock price.

Why It Matters

This filing reveals a major institutional investor's updated position in General Mills, providing insight into their current investment strategy and potentially signaling their outlook on the company's future performance.

Risk Assessment

Risk Level: low — This filing is a routine update of an institutional investor's holdings and does not indicate any immediate or significant risk to the company or its stock.

Analyst Insight

Investors should note that a major institutional investor like Capital International Investors continues to hold a substantial, though slightly adjusted, stake in General Mills, suggesting ongoing confidence in the company's long-term prospects. This information can be used as one data point among many when evaluating General Mills stock.

Key Numbers

• 27,007,081 — Shares Beneficially Owned (Total shares of General Mills Common Stock held by Capital International Investors as of December 29, 2023.)
• 4.7% — Percentage of Class (The percentage of General Mills' Common Stock beneficially owned by Capital International Investors.)
• December 29, 2023 — Date of Event (The specific date that triggered the requirement for this Schedule 13G/A filing.)

Key Players & Entities

• Capital International Investors (company) — the reporting person and institutional investor
• General Mills Inc. (company) — the subject company whose shares are being reported
• Delaware (company) — place of organization for Capital International Investors
• December 29, 2023 (date) — date of the event requiring this filing
• 27,007,081 (dollar_amount) — total shares beneficially owned by Capital International Investors
• 4.7% (dollar_amount) — percentage of General Mills' common stock owned by Capital International Investors

Forward-Looking Statements

• Capital International Investors will maintain a significant, but non-controlling, stake in General Mills over the next year. (Capital International Investors) — high confidence, target: 2025-02-09

FAQ

From the Filing

0001422848-24-000162.txt : 20240209 0001422848-24-000162.hdr.sgml : 20240209 20240209180554 ACCESSION NUMBER: 0001422848-24-000162 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24616650 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: Capital International Investors CENTRAL INDEX KEY: 0001562230 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: Capital Research & Management Co - Division 3 DATE OF NAME CHANGE: 20121114 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * General Mills, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 370334104 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital International Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 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 26,951,005 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 27,007,081 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,007,081 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.8% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer General Mills, Inc. (b) Address of Issuer's Principal Executive Offices 1 General Mills Boulevard, Minneapolis, MN 55426-1347 Item 2. (a) Name of Person Filing Capital International Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 370334104 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S