General Mills, Inc. $GIS Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System raised its holdings in General Mills, Inc. (NYSE:GIS) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 430,941 shares of the company’s stock after purchasing an additional 46,842 shares during the period. New York State Teachers Retirement System’s holdings in General Mills were worth $20,039,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of General Mills in the third quarter worth approximately $25,000. Close Asset Management Ltd acquired a new stake in shares of General Mills in the third quarter worth approximately $28,000. Davis Capital Management acquired a new stake in shares of General Mills in the third quarter worth approximately $29,000. Financial Consulate Inc. acquired a new stake in shares of General Mills in the third quarter worth approximately $32,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of General Mills by 1,094.4% in the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company’s stock worth $32,000 after acquiring an additional 591 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on General Mills from $42.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, March 19th. Bank of America lowered General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Sanford C. Bernstein lowered their price target on General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group lowered their price target on General Mills from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, General Mills presently has an average rating of “Reduce” and an average price target of $43.22.

General Mills Stock Performance

Shares of General Mills stock opened at $34.74 on Friday. General Mills, Inc. has a one year low of $34.04 and a one year high of $55.93. The company has a market cap of $18.54 billion, a price-to-earnings ratio of 8.49 and a beta of -0.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. The business’s 50 day moving average price is $38.57 and its 200 day moving average price is $43.78.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, research analysts predict that General Mills, Inc. will post 3.44 EPS for the current year.

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.