TrueMark Investments Sells 90% Stake in General Mills Following Earnings Miss

TrueMark Investments LLC has significantly reduced its position in General Mills (GIS), selling approximately 89.9% of its holdings. The investment firm offloaded 108,926 shares, reflecting a growing lack of institutional confidence in the consumer goods giant. This divestment follows General Mills' failure to meet Q4 earnings estimates and a sharp 36% decline in its share price over the past year. Despite the stock's struggles, the company recently declared a quarterly dividend of $0.61 per share, representing a substantial 6.6% yield. Analysts maintain a consensus 'Reduce' rating on the stock, citing persistent performance challenges and downward pressure. The ex-dividend date for the upcoming payout is set for April 10, as investors weigh the high yield against ongoing volatility.