General Mills, Inc. (NYSE:GIS) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 933,099 shares of the company's stock after selling 31,631 shares during the period. California State Teachers Retirement System owned about 0.17% of General Mills worth $59,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in General Mills by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock valued at $4,376,573,000 after purchasing an additional 1,868,508 shares in the last quarter. Geode Capital Management LLC raised its position in shares of General Mills by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company's stock valued at $923,907,000 after buying an additional 136,895 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after buying an additional 2,341,137 shares in the last quarter. Northern Trust Corp lifted its stake in shares of General Mills by 18.4% in the fourth quarter. Northern Trust Corp now owns 8,061,793 shares of the company's stock worth $514,101,000 after buying an additional 1,253,483 shares in the last quarter. Finally, Norges Bank acquired a new position in General Mills during the fourth quarter worth about $496,484,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on GIS. Mizuho cut their price objective on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Barclays cut their price target on General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. Citigroup lowered their price objective on General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Piper Sandler cut their target price on General Mills from $84.00 to $71.00 and set an "overweight" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price target on General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of "Hold" and a consensus price target of $64.69.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is owned by company insiders.

General Mills Trading Up 0.4%

General Mills stock traded up $0.20 during midday trading on Friday, reaching $54.19. 8,115,716 shares of the stock traded hands, compared to its average volume of 4,520,667. The firm has a market cap of $29.87 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.94 and a beta of 0.05. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The company has a 50-day simple moving average of $56.35 and a two-hundred day simple moving average of $59.91. General Mills, Inc. has a 12-month low of $52.39 and a 12-month high of $75.90.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. Research analysts expect that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.