Teacher Retirement System of Texas increased its position in shares of General Mills Inc. (NYSE:GIS) by 28.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284,525 shares of the company’s stock after buying an additional 62,941 shares during the period. Teacher Retirement System of Texas’ holdings in General Mills were worth $20,292,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in GIS. Lenox Wealth Advisors Inc. raised its position in shares of General Mills by 0.7% in the second quarter. Lenox Wealth Advisors Inc. now owns 1,778 shares of the company’s stock worth $127,000 after buying an additional 13 shares during the period. Wagner Bowman Management Corp increased its position in shares of General Mills by 0.3% in the first quarter. Wagner Bowman Management Corp now owns 10,308 shares of the company’s stock worth $653,000 after buying an additional 26 shares in the last quarter. Piershale Financial Group Inc. increased its position in shares of General Mills by 0.8% in the first quarter. Piershale Financial Group Inc. now owns 4,263 shares of the company’s stock worth $270,000 after buying an additional 33 shares in the last quarter. SSI Investment Management Inc. increased its position in shares of General Mills by 1.4% in the second quarter. SSI Investment Management Inc. now owns 3,635 shares of the company’s stock worth $258,000 after buying an additional 49 shares in the last quarter. Finally, Prospera Financial Services Inc increased its position in shares of General Mills by 1.0% in the first quarter. Prospera Financial Services Inc now owns 5,111 shares of the company’s stock worth $324,000 after buying an additional 52 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

General Mills Inc. (NYSE:GIS) traded down 0.53% on Wednesday, hitting $64.36. 2,836,755 shares of the stock traded hands. General Mills Inc. has a 12-month low of $53.53 and a 12-month high of $72.95. The firm has a market cap of $38.42 billion, a price-to-earnings ratio of 23.23 and a beta of 0.38. The stock has a 50-day moving average of $69.44 and a 200-day moving average of $66.07.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, September 21st. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The company earned $3.91 billion during the quarter, compared to the consensus estimate of $3.92 billion. General Mills had a net margin of 10.25% and a return on equity of 33.96%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. Analysts forecast that General Mills Inc. will post $3.10 earnings per share for the current year.

A number of brokerages have recently commented on GIS. Morgan Stanley reissued a “hold” rating on shares of General Mills in a research note on Sunday, July 17th. Goldman Sachs Group Inc. reissued a “sell” rating and issued a $60.00 target price (up previously from $58.00) on shares of General Mills in a research note on Thursday, June 30th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Consumer Edge downgraded shares of General Mills from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Finally, Citigroup Inc. reissued a “buy” rating and issued a $76.00 target price (up previously from $72.00) on shares of General Mills in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.40.

In related news, Director Michael D. Rose sold 10,000 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $71.11, for a total transaction of $711,100.00. Following the completion of the sale, the director now directly owns 79,954 shares of the company’s stock, valued at approximately $5,685,528.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey L. Harmening sold 33,150 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $71.05, for a total transaction of $2,355,307.50. Following the sale, the chief operating officer now directly owns 133,106 shares of the company’s stock, valued at $9,457,181.30. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S.

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