National Pension Service Has $14.29 Million Position in General Mills, Inc. $GIS

National Pension Service lessened its holdings in General Mills, Inc. (NYSE:GIS) by 67.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,600 shares of the company’s stock after selling 845,671 shares during the quarter. National Pension Service’s holdings in General Mills were worth $14,289,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GIS. BlackRock Inc. acquired a new position in General Mills in the 2nd quarter valued at approximately $2,181,608,000. State Street Corp lifted its holdings in shares of General Mills by 0.4% during the third quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after purchasing an additional 145,701 shares during the period. California State Teachers Retirement System lifted its holdings in shares of General Mills by 4,324.2% during the second quarter. California State Teachers Retirement System now owns 33,413,498 shares of the company’s stock worth $1,162,790,000 after purchasing an additional 32,658,249 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of General Mills by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock worth $915,953,000 after purchasing an additional 488,617 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of General Mills by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after purchasing an additional 172,200 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. UBS Group set a $33.00 target price on General Mills in a research report on Monday, July 6th. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target on shares of General Mills in a research note on Tuesday, June 2nd. TD Cowen lowered their price objective on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, Jefferies Financial Group set a $35.00 price objective on General Mills in a research note on Thursday. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $39.32.

General Mills Price Performance

GIS stock opened at $35.87 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of -199.25, a PEG ratio of 1.95 and a beta of -0.01. The company’s fifty day simple moving average is $37.87 and its 200 day simple moving average is $36.93. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $51.33.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same period last year, the business posted $0.53 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, analysts expect that General Mills, Inc. will post 3.06 earnings per share for the current year.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.8%. General Mills’s payout ratio is -1,355.56%.

General Mills Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company’s brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.