New York State Teachers Retirement System Has $19.37 Million Position in General Mills, Inc. $GIS

New York State Teachers Retirement System lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 11.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,099 shares of the company’s stock after selling 50,516 shares during the quarter. New York State Teachers Retirement System’s holdings in General Mills were worth $19,366,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GIS. Bayforest Capital Ltd bought a new stake in shares of General Mills during the third quarter worth about $236,000. Philip James Wealth Mangement LLC lifted its position in General Mills by 55.0% in the 3rd quarter. Philip James Wealth Mangement LLC now owns 208,155 shares of the company’s stock valued at $10,495,000 after acquiring an additional 73,877 shares in the last quarter. ORG Partners LLC boosted its stake in General Mills by 1,542.5% during the 3rd quarter. ORG Partners LLC now owns 10,233 shares of the company’s stock valued at $516,000 after purchasing an additional 9,610 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH increased its holdings in General Mills by 17.4% during the 3rd quarter. MASTERINVEST Kapitalanlage GmbH now owns 32,233 shares of the company’s stock worth $1,625,000 after purchasing an additional 4,781 shares in the last quarter. Finally, Nepsis Inc. increased its holdings in General Mills by 11.0% during the 3rd quarter. Nepsis Inc. now owns 45,366 shares of the company’s stock worth $2,287,000 after purchasing an additional 4,514 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GIS has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 target price on shares of General Mills in a research report on Thursday, December 18th. Sanford C. Bernstein set a $54.00 price objective on shares of General Mills and gave the stock a “market perform” rating in a report on Thursday, December 18th. HSBC reduced their target price on shares of General Mills from $59.00 to $57.00 and set a “hold” rating for the company in a research note on Thursday, September 18th. Evercore ISI reissued a “positive” rating on shares of General Mills in a research report on Thursday, December 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.33.

General Mills Trading Up 1.8%

NYSE GIS opened at $44.27 on Wednesday. The stock has a market capitalization of $23.62 billion, a price-to-earnings ratio of 9.52 and a beta of -0.06. General Mills, Inc. has a one year low of $42.78 and a one year high of $67.35. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. The business’s fifty day moving average is $46.47 and its 200-day moving average is $48.59.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be paid a dividend of $0.61 per share. The ex-dividend date is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

General Mills Company Profile

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.