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

From the Filing

0001104659-24-021004.txt : 20240213 0001104659-24-021004.hdr.sgml : 20240213 20240213170614 ACCESSION NUMBER: 0001104659-24-021004 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24628530 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01002-generalmillsinc.htm SCHEDULE 13G/A generalmillsinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  General Mills Inc Title of Class of Securities:  Common Stock CUSIP Number:  370334104 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  370334104 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 741,378 7.  SOLE DISPOSITIVE POWER 49,282,555 8.  SHARED DISPOSITIVE POWER 2,570,813 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 51,853,368 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.13% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: General Mills Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 1 General Mills Boulevard Minneapolis, MN 55426-1347 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 370334104 Item 3 - Type of Filing: Th