General Mills, Inc. $GIS Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of General Mills, Inc. (NYSE:GIS) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 755,249 shares of the company’s stock after selling 27,258 shares during the period. California State Teachers Retirement System’s holdings in General Mills were worth $28,110,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GIS. Empowered Funds LLC boosted its stake in shares of General Mills by 5.2% in the first quarter. Empowered Funds LLC now owns 209,451 shares of the company’s stock valued at $7,796,000 after purchasing an additional 10,323 shares during the period. Measured Risk Portfolios Inc. increased its stake in General Mills by 34.9% during the 1st quarter. Measured Risk Portfolios Inc. now owns 49,214 shares of the company’s stock worth $1,832,000 after buying an additional 12,736 shares during the period. SummitTX Capital L.P. increased its stake in General Mills by 255.8% during the 1st quarter. SummitTX Capital L.P. now owns 23,136 shares of the company’s stock worth $861,000 after buying an additional 16,633 shares during the period. Family Manage LLC lifted its holdings in General Mills by 25.9% during the 1st quarter. Family Manage LLC now owns 7,592 shares of the company’s stock worth $283,000 after buying an additional 1,560 shares in the last quarter. Finally, Delta Global Management LP acquired a new stake in General Mills during the 1st quarter worth approximately $1,849,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Down 1.6%

Shares of General Mills stock opened at $35.85 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. General Mills, Inc. has a 52-week low of $31.75 and a 52-week high of $51.33. The company has a market capitalization of $19.13 billion, a P/E ratio of -199.14 and a beta of -0.03. The company has a 50 day moving average of $35.30 and a 200 day moving average of $38.48.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same period in the prior year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, research analysts forecast that General Mills, Inc. will post 3.07 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.8%. General Mills’s payout ratio is presently -1,355.56%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. The trade was a 10.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group set a $33.00 price target on shares of General Mills in a research note on Monday, July 6th. Piper Sandler cut their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price objective on shares of General Mills in a research note on Tuesday, June 2nd. Barclays decreased their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Finally, Jefferies Financial Group boosted their target price on General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $39.16.

General Mills Company Profile

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.