New York State Teachers Retirement System Decreases Holdings in General Mills, Inc. (NYSE:GIS)

New York State Teachers Retirement System lowered its position in General Mills, Inc. (NYSE:GIS - Free Report) by 7.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 393,064 shares of the company's stock after selling 33,268 shares during the period. New York State Teachers Retirement System owned 0.07% of General Mills worth $25,066,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in shares of General Mills by 9.4% in the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company's stock worth $2,474,177,000 after purchasing an additional 2,867,678 shares during the period. Nordea Investment Management AB lifted its position in shares of General Mills by 64.5% in the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock worth $497,054,000 after purchasing an additional 3,058,414 shares during the period. JPMorgan Chase & Co. lifted its position in shares of General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company's stock worth $421,552,000 after purchasing an additional 2,926,232 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of General Mills by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,823,254 shares of the company's stock valued at $282,347,000 after acquiring an additional 263,188 shares during the period. Finally, abrdn plc lifted its position in shares of General Mills by 3.9% during the 3rd quarter. abrdn plc now owns 2,492,918 shares of the company's stock valued at $183,778,000 after acquiring an additional 92,931 shares during the period. Institutional investors and hedge funds own 75.71% of the company's stock.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the firm's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares in the company, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

General Mills Stock Up 0.7 %

Shares of NYSE GIS traded up $0.38 during trading on Wednesday, hitting $57.94. The stock had a trading volume of 3,861,605 shares, compared to its average volume of 4,705,135. General Mills, Inc. has a 12 month low of $55.15 and a 12 month high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market capitalization of $31.94 billion, a PE ratio of 12.60, a PEG ratio of 3.79 and a beta of 0.10. The firm has a fifty day moving average of $61.30 and a two-hundred day moving average of $66.72.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business's revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts forecast that General Mills, Inc. will post 4.4 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.14%. General Mills's payout ratio is currently 52.17%.

Analysts Set New Price Targets

GIS has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Barclays dropped their target price on shares of General Mills from $74.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Citigroup dropped their target price on shares of General Mills from $71.00 to $67.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. TD Cowen dropped their target price on shares of General Mills from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of General Mills from $83.00 to $82.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, General Mills presently has an average rating of "Hold" and an average target price of $69.88.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.