Teacher Retirement System of Texas reduced its stake in shares of General Mills, Inc. (NYSE:GIS) by 4.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 208,835 shares of the company’s stock after selling 9,192 shares during the period. Teacher Retirement System of Texas’ holdings in General Mills were worth $9,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of GIS. Lee Financial Co lifted its holdings in shares of General Mills by 178.2% during the 1st quarter. Lee Financial Co now owns 2,504 shares of the company’s stock worth $113,000 after acquiring an additional 1,604 shares during the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of General Mills during the 1st quarter worth $115,000. Adviser Investments LLC lifted its holdings in shares of General Mills by 158.7% during the 2nd quarter. Adviser Investments LLC now owns 2,608 shares of the company’s stock worth $115,000 after acquiring an additional 1,600 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of General Mills during the 2nd quarter worth $115,000. Finally, TLP Group LLC lifted its holdings in shares of General Mills by 840.9% during the 1st quarter. TLP Group LLC now owns 2,992 shares of the company’s stock worth $135,000 after acquiring an additional 2,674 shares during the last quarter. 71.75% of the stock is owned by institutional investors.

In other General Mills news, insider Shawn P. Ogrady sold 82,244 shares of the business’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $45.50, for a total value of $3,742,102.00. Following the transaction, the insider now owns 187,948 shares in the company, valued at $8,551,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter C. Erickson sold 52,854 shares of the business’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $44.14, for a total transaction of $2,332,975.56. Following the completion of the transaction, the insider now owns 129,575 shares in the company, valued at approximately $5,719,440.50. The disclosure for this sale can be found here. Insiders sold 158,018 shares of company stock worth $7,114,487 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

A number of analysts have recently issued reports on GIS shares. Goldman Sachs Group raised shares of General Mills from a “sell” rating to a “neutral” rating and set a $47.00 price objective for the company in a report on Wednesday, May 16th. ValuEngine downgraded shares of General Mills from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Citigroup dropped their price objective on shares of General Mills from $61.00 to $54.00 and set a “buy” rating for the company in a report on Friday, June 29th. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Tuesday, June 5th. Finally, Susquehanna Bancshares set a $50.00 price objective on shares of General Mills and gave the stock a “buy” rating in a report on Monday, May 21st. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. General Mills has an average rating of “Hold” and a consensus target price of $50.71.

General Mills stock opened at $47.21 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.56 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.74 and a beta of 0.77. General Mills, Inc. has a twelve month low of $41.01 and a twelve month high of $60.69.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, June 27th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.89 billion. General Mills had a net margin of 13.54% and a return on equity of 35.14%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. equities analysts anticipate that General Mills, Inc. will post 3.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Shareholders of record on Tuesday, July 10th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Monday, July 9th. General Mills’s payout ratio is 63.02%.

About General Mills

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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