General Mills, Inc. (GIS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in General Mills, Inc. (NYSE:GIS) by 8.8% during the third quarter, Holdings Channel reports. The institutional investor owned 57,050 shares of the company’s stock after selling 5,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in General Mills were worth $2,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Adviser Investments LLC grew its holdings in General Mills by 158.7% in the 2nd quarter. Adviser Investments LLC now owns 2,608 shares of the company’s stock valued at $115,000 after buying an additional 1,600 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in General Mills in the 2nd quarter valued at approximately $115,000. CSat Investment Advisory L.P. acquired a new stake in General Mills in the 2nd quarter valued at approximately $118,000. Kiley Juergens Wealth Management LLC grew its holdings in General Mills by 108.2% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 3,017 shares of the company’s stock valued at $129,000 after buying an additional 1,568 shares during the last quarter. Finally, ELM Advisors LLC acquired a new stake in General Mills in the 3rd quarter valued at approximately $137,000. 69.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. UBS Group set a $46.00 target price on General Mills and gave the company a “hold” rating in a report on Wednesday, September 19th. Morgan Stanley assumed coverage on General Mills in a report on Monday, September 17th. They issued an “equal weight” rating and a $48.00 target price on the stock. Credit Suisse Group set a $46.00 target price on General Mills and gave the company a “hold” rating in a report on Thursday, September 13th. Finally, ValuEngine raised General Mills from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.29.

Shares of NYSE:GIS opened at $43.37 on Friday. General Mills, Inc. has a 1-year low of $41.01 and a 1-year high of $60.69. The company has a market cap of $25.82 billion, a PE ratio of 13.95, a PEG ratio of 1.82 and a beta of 0.60. The company has a current ratio of 0.58, a quick ratio of 0.35 and a debt-to-equity ratio of 1.93.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Tuesday, September 18th. The company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. General Mills had a return on equity of 31.84% and a net margin of 13.19%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the firm earned $0.71 EPS. General Mills’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts expect that General Mills, Inc. will post 3.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, January 10th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Wednesday, January 9th. General Mills’s payout ratio is presently 63.02%.

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General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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