General Mills, Inc. (GIS) Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of General Mills, Inc. (NYSE:GIS) by 38.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 245,852 shares of the company’s stock after buying an additional 67,938 shares during the period. Teacher Retirement System of Texas’ holdings in General Mills were worth $14,577,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Private Advisor Group LLC increased its position in General Mills by 21.8% in the 2nd quarter. Private Advisor Group LLC now owns 55,573 shares of the company’s stock worth $2,968,000 after purchasing an additional 9,952 shares during the last quarter. LVW Advisors LLC acquired a new position in General Mills in the 2nd quarter worth about $2,515,000. Captrust Financial Advisors acquired a new position in General Mills in the 2nd quarter worth about $693,000. AXA increased its position in General Mills by 8.5% in the 2nd quarter. AXA now owns 1,030,200 shares of the company’s stock worth $57,073,000 after purchasing an additional 81,000 shares during the last quarter. Finally, 1st Global Advisors Inc. acquired a new position in General Mills in the 2nd quarter worth about $2,600,000. 72.59% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Bethany C. Quam sold 8,712 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total transaction of $517,492.80. Following the completion of the sale, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Several brokerages have weighed in on GIS. Argus reaffirmed a “hold” rating on shares of General Mills in a research report on Wednesday, December 27th. BMO Capital Markets reaffirmed a “neutral” rating on shares of General Mills in a research report on Friday, December 22nd. Susquehanna Bancshares set a $61.00 target price on General Mills and gave the stock a “hold” rating in a research report on Friday, January 5th. Piper Jaffray Companies raised General Mills from an “underweight” rating to a “neutral” rating and set a $63.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Credit Suisse Group set a $60.00 target price on General Mills and gave the stock a “hold” rating in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $58.28.

General Mills, Inc. (NYSE GIS) opened at $54.72 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.53 and a current ratio of 0.81. The company has a market capitalization of $31,138.08, a PE ratio of 20.04, a PEG ratio of 2.41 and a beta of 0.61. General Mills, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $63.73.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.82. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 EPS. analysts expect that General Mills, Inc. will post 3.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Tuesday, January 9th. General Mills’s dividend payout ratio is 71.79%.

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General Mills Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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

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