56,169 Shares in General Mills, Inc. (NYSE:GIS) Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky bought a new position in shares of General Mills, Inc. (NYSE:GIS – Get Rating) in the 3rd quarter, Holdings Channel reports. The fund bought 56,169 shares of the company’s stock, valued at approximately $4,303,000.

Other large investors have also added to or reduced their stakes in the company. Almanack Investment Partners LLC. acquired a new stake in General Mills during the third quarter worth approximately $28,000. Capital Analysts LLC boosted its holdings in General Mills by 95.0% in the second quarter. Capital Analysts LLC now owns 390 shares of the company’s stock worth $29,000 after acquiring an additional 190 shares in the last quarter. Selway Asset Management bought a new position in General Mills in the third quarter worth approximately $31,000. TD Capital Management LLC bought a new position in General Mills in the third quarter worth approximately $33,000. Finally, Carolinas Wealth Consulting LLC boosted its holdings in General Mills by 50.7% in the third quarter. Carolinas Wealth Consulting LLC now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 144 shares in the last quarter. Institutional investors and hedge funds own 74.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GIS. UBS Group upgraded General Mills from a “neutral” rating to a “buy” rating and increased their price target for the stock from $85.00 to $88.00 in a report on Thursday, January 26th. Wells Fargo & Company started coverage on General Mills in a report on Tuesday, January 3rd. They issued an “equal weight” rating and a $88.00 price target on the stock. Piper Sandler raised their target price on General Mills from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, December 15th. Morgan Stanley dropped their target price on General Mills from $73.00 to $69.00 and set an “underweight” rating on the stock in a report on Thursday, February 16th. Finally, Credit Suisse Group raised their target price on General Mills from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, December 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.94.

Insiders Place Their Bets

In other General Mills news, insider Jonathon Nudi sold 10,894 shares of the firm’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $84.49, for a total value of $920,434.06. Following the completion of the sale, the insider now directly owns 82,784 shares of the company’s stock, valued at $6,994,420.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Sean N. Walker sold 27,157 shares of General Mills stock in a transaction on Monday, January 9th. The stock was sold at an average price of $84.87, for a total value of $2,304,814.59. Following the completion of the transaction, the insider now directly owns 90,975 shares in the company, valued at $7,721,048.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jonathon Nudi sold 10,894 shares of General Mills stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $84.49, for a total value of $920,434.06. Following the completion of the transaction, the insider now owns 82,784 shares of the company’s stock, valued at $6,994,420.16. The disclosure for this sale can be found here. Insiders sold 40,006 shares of company stock valued at $3,393,359 over the last ninety days. 0.67% of the stock is currently owned by insiders.

General Mills Stock Performance

Shares of General Mills stock opened at $79.79 on Friday. The business’s fifty day simple moving average is $78.79 and its 200 day simple moving average is $79.91. The firm has a market capitalization of $47.04 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 2.58 and a beta of 0.28. General Mills, Inc. has a 12 month low of $61.67 and a 12 month high of $88.34. The company has a current ratio of 0.58, a quick ratio of 0.35 and a debt-to-equity ratio of 0.83.

General Mills (NYSE:GIS – Get Rating) last issued its quarterly earnings results on Tuesday, December 20th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.04. General Mills had a return on equity of 24.09% and a net margin of 15.02%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.15 billion. As a group, analysts anticipate that General Mills, Inc. will post 4.18 EPS for the current year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, April 6th. General Mills’s dividend payout ratio is currently 45.09%.

General Mills Company Profile

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General Mills, Inc engages in the manufacture and marketing of branded consumer foods sold through retail stores. The firm operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet, and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers.