Teacher Retirement System of Texas Lowers Holdings in General Mills, Inc. $GIS

Teacher Retirement System of Texas lowered its stake in shares of General Mills, Inc. (NYSE:GIS) by 14.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,041 shares of the company’s stock after selling 12,172 shares during the quarter. Teacher Retirement System of Texas’ holdings in General Mills were worth $3,582,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GIS. J2 Capital Management Inc raised its stake in General Mills by 3.1% during the second quarter. J2 Capital Management Inc now owns 6,846 shares of the company’s stock worth $355,000 after purchasing an additional 203 shares during the period. Guardian Wealth Advisors LLC increased its holdings in shares of General Mills by 2.7% during the 2nd quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock worth $409,000 after buying an additional 209 shares during the last quarter. Austin Private Wealth LLC increased its holdings in shares of General Mills by 5.0% during the 3rd quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock worth $224,000 after buying an additional 211 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of General Mills by 1.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,001 shares of the company’s stock worth $881,000 after buying an additional 226 shares during the period. Finally, Stonebridge Capital Advisors LLC boosted its holdings in General Mills by 0.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after acquiring an additional 226 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Stock Down 0.8%

Shares of General Mills stock opened at $44.34 on Thursday. General Mills, Inc. has a 1-year low of $42.78 and a 1-year high of $67.35. The company has a market capitalization of $23.66 billion, a PE ratio of 9.54 and a beta of -0.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. The business has a 50-day moving average of $45.98 and a 200-day moving average of $48.03.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the business posted $1.40 EPS. The business’s revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, equities analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the sale, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on GIS shares. Weiss Ratings lowered General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada set a $63.00 target price on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Piper Sandler restated an “overweight” rating and issued a $60.00 price target on shares of General Mills in a report on Thursday, December 18th. Evercore ISI reiterated a “positive” rating on shares of General Mills in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 price objective on shares of General Mills in a research report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.