New York State Teachers Retirement System Increases Holdings in General Mills, Inc. $GIS

Key Points

• New York State Teachers Retirement System increased its stake in General Mills by 12.2% in Q4, buying 46,842 shares to hold 430,941 shares worth about $20.04 million (roughly 0.08% of the company).
• General Mills missed quarterly EPS ($0.64 vs. $0.73) and reported revenue down 8.4% year‑over‑year, leading to several price‑target cuts and an average analyst rating of "Reduce" with a $43.22 target.
• Shares trade around $34.74—near the 12‑month low of $34.04—with a market cap of $18.5 billion and a P/E of 8.49, signaling depressed valuation and weaker market sentiment.

New York State Teachers Retirement System lifted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 430,941 shares of the company's stock after purchasing an additional 46,842 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of General Mills worth $20,039,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GIS. Vermillion & White Wealth Management Group LLC purchased a new position in shares of General Mills in the third quarter worth about $25,000. Close Asset Management Ltd purchased a new position in General Mills during the third quarter valued at approximately $28,000. Davis Capital Management purchased a new position in General Mills during the third quarter valued at approximately $29,000. Financial Consulate Inc. purchased a new position in General Mills during the third quarter valued at approximately $32,000. Finally, Salomon & Ludwin LLC raised its position in General Mills by 1,094.4% during the third quarter. Salomon & Ludwin LLC now owns 645 shares of the company's stock valued at $32,000 after acquiring an additional 591 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Stock Down 1.6%

Shares of GIS opened at $34.74 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a 12 month low of $34.04 and a 12 month high of $55.93. The stock's 50 day moving average is $38.57 and its two-hundred day moving average is $43.78. The firm has a market cap of $18.54 billion, a P/E ratio of 8.49 and a beta of -0.02.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. Analysts predict that General Mills, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GIS has been the subject of several recent research reports. Barclays reduced their price target on General Mills from $46.00 to $43.00 and set an "equal weight" rating for the company in a research report on Monday, March 16th. TD Cowen reduced their price target on General Mills from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Thursday, March 19th. JPMorgan Chase & Co. reduced their price target on General Mills from $42.00 to $36.00 and set an "underweight" rating for the company in a research report on Thursday, March 19th. Evercore set a $45.00 price target on General Mills in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on General Mills from $38.00 to $32.00 and set a "hold" rating for the company in a research report on Monday, March 30th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $43.22.

General Mills Profile

General Mills, Inc NYSE: GIS is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company's portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

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