Teachers Retirement System of The State of Kentucky trimmed its position in shares of General Mills, Inc. (NYSE:GIS) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,450 shares of the company’s stock after selling 3,250 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in General Mills were worth $3,460,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GIS. Flossbach Von Storch AG purchased a new stake in shares of General Mills during the second quarter valued at about $227,578,000. Federated Investors Inc. PA raised its position in shares of General Mills by 94.6% in the 2nd quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after purchasing an additional 2,195,397 shares during the last quarter. Morgan Stanley raised its position in shares of General Mills by 29.4% in the 1st quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after purchasing an additional 1,603,577 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of General Mills by 146.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after purchasing an additional 1,190,200 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in shares of General Mills by 17.0% in the 1st quarter. Schroder Investment Management Group now owns 4,541,794 shares of the company’s stock valued at $268,283,000 after purchasing an additional 660,726 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies set a $56.00 price objective on shares of General Mills and gave the company a “sell” rating in a research report on Monday, August 7th. BidaskClub raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a research report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc set a $56.00 price objective on shares of General Mills and gave the company a “hold” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $56.60.

Shares of General Mills, Inc. (GIS) opened at $51.34 on Friday. The company has a market capitalization of $29.42 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.93 and a beta of 0.63. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. General Mills’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. research analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.82%. General Mills’s payout ratio is 70.25%.

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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