Vanguard reports 7.52% stake in General Mills (NYSE: GIS)

Rhea-AI Filing Summary

Vanguard Capital Management reported beneficial ownership of 40,147,406 shares of General Mills Inc. common stock, representing 7.52% of the class as of 03/31/2026. The filing shows sole voting power over 5,467,531 shares and sole dispositive power over the full 40,147,406 shares. The Schedule 13G was signed on 04/29/2026 and describes holdings held on behalf of Vanguard funds and managed accounts.

Insights

Institutional Ownership Analyst

Vanguard holds a sizable passive stake in General Mills.

Vanguard Capital Management reports 7.52% beneficial ownership of General Mills common stock, with dispositive authority over 40,147,406 shares as of 03/31/2026. The Schedule 13G filing format indicates a passive investment status rather than an active investor seeking control.

Watch for subsequent filings (e.g., Schedule 13D or Form 4) if Vanguard changes intent or voting arrangements; until then, filings describe standard institutional ownership across funds and managed accounts.

Key Figures

Shares beneficially owned: 40,147,406 shares Percent of class: 7.52% Sole voting power: 5,467,531 shares +3 more

6 metrics

Shares beneficially owned 40,147,406 shares beneficial ownership as of <date>03/31/2026</date>

Percent of class 7.52% percentage of Common Stock outstanding as reported

Sole voting power 5,467,531 shares shares with sole power to vote

Sole dispositive power 40,147,406 shares shares with sole power to dispose or direct disposition

CUSIP 370334104 General Mills Inc common stock identifier

Filing signature date 04/29/2026 Schedule 13G signed date

Key Terms

Schedule 13G, Beneficially owned, Sole dispositive power, Investment Company Act

4 terms

Schedule 13G regulatory

"Vanguard Capital Management filed a Schedule 13G reporting beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"reflects the securities beneficially owned, or deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 40147406"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Investment Company Act regulatory

"investment companies registered under the Investment Company Act of 1940"

The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

General Mills Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

370334104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 370334104

1

Names of Reporting Persons

Vanguard Capital Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 5,467,531.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 40,147,406.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

40,147,406.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.52 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: General Mills Inc
(b)	Address of issuer's principal executive offices: Number 1 General Mills Blvd, Minneapolis, MN, 55426
Item 2.
(a)	Name of person filing: Vanguard Capital Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 370334104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 40147406
(b)	Percent of class: 7.52 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5467531
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 40147406
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Capital Management, 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 or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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 and are not held 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.

Vanguard Capital Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/29/2026

FAQ

How many General Mills (GIS) shares does Vanguard report owning?

Vanguard reports beneficial ownership of 40,147,406 shares. This stake is reported on a Schedule 13G and is tied to holdings as of 03/31/2026, held across Vanguard funds and managed accounts for which Vanguard exercises dispositive power.

What percentage of General Mills does Vanguard's stake represent?

The reported stake represents 7.52% of the class. The Schedule 13G lists this percentage based on shares outstanding as of the reporting date and reflects Vanguard's aggregate beneficial ownership across funds and managed accounts.

Does Vanguard have voting control over its General Mills shares?

Vanguard reports sole voting power for 5,467,531 shares. The filing also reports sole dispositive power for 40,147,406 shares, indicating authority to direct disposition while voting power covers a smaller subset of those shares.

When were these ownership figures reported for General Mills (GIS)?

The holdings are reported as of 03/31/2026 and signed on 04/29/2026. The Schedule 13G states the ownership snapshot date and the signature date for the filing by Vanguard Capital Management's representative.

Is Vanguard an active controller of General Mills based on this filing?

No—this Schedule 13G indicates passive reporting rather than an active control intent. A Schedule 13G typically signals passive institutional ownership; a Schedule 13D would indicate active acquisition intent or control-seeking behavior.