General Mills, Inc. (NYSE:GIS) Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its holdings in shares of General Mills, Inc. (NYSE:GIS) by 67.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,400 shares of the company’s stock after selling 124,620 shares during the period. South Dakota Investment Council’s holdings in General Mills were worth $3,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GIS. Dimensional Fund Advisors LP increased its position in General Mills by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,471,138 shares of the company’s stock worth $96,224,000 after buying an additional 433,796 shares in the last quarter. Geode Capital Management LLC raised its stake in General Mills by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 7,230,663 shares of the company’s stock valued at $281,036,000 after purchasing an additional 473,831 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in General Mills by 82.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 103,128 shares of the company’s stock valued at $5,336,000 after purchasing an additional 46,561 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of General Mills by 26.4% during the first quarter. Cornerstone Advisors Inc. now owns 1,939 shares of the company’s stock worth $100,000 after buying an additional 405 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of General Mills by 3.2% during the 1st quarter. Victory Capital Management Inc. now owns 303,886 shares of the company’s stock valued at $15,726,000 after acquiring an additional 9,520 shares during the last quarter. Institutional investors own 68.97% of the company’s stock.

Shares of NYSE:GIS traded up $0.03 during midday trading on Wednesday, hitting $54.56. 1,816,165 shares of the company’s stock traded hands, compared to its average volume of 3,366,674. The firm’s fifty day moving average price is $53.93 and its two-hundred day moving average price is $51.81. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.37 and a current ratio of 0.59. General Mills, Inc. has a twelve month low of $36.42 and a twelve month high of $56.40. The company has a market cap of $33.55 billion, a PE ratio of 16.94, a P/E/G ratio of 2.36 and a beta of 0.74.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 26th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.24 billion. General Mills had a return on equity of 27.67% and a net margin of 10.39%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. As a group, equities research analysts anticipate that General Mills, Inc. will post 3.37 EPS for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Edward Jones raised shares of General Mills from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. UBS Group upped their price target on shares of General Mills from $48.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Guggenheim increased their price target on shares of General Mills from $58.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI started coverage on shares of General Mills in a report on Tuesday, June 11th. They issued an “in-line” rating and a $56.00 price target on the stock. Finally, Bank of America reissued a “neutral” rating and set a $49.00 price objective on shares of General Mills in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. General Mills has an average rating of “Hold” and an average price target of $52.98.

General Mills 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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