General Mills shares fell -1.0% this afternoon to a price of $69.91. The stock is still trading within range of its average target price of $71.08, and over the last 52 weeks, it has recorded a -21.4% performance. Analysts have given the Large-Cap Food Chains stock target prices ranging from $61.0 to $77.0 dollars per share, with an average rating of hold.
The stock has an average amount of shares sold short at 2.7%, and a short ratio of 2.98. The company's insiders own 0.21% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 81.1% of General Mills's shares being owned by this investor type.
Institutions Invested in General Mills
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Blackrock Inc. | 10% | 54,520,408 | $3,811,521,922 |
| 2023-12-31 | Vanguard Group Inc | 9% | 51,854,568 | $3,625,153,038 |
| 2023-12-31 | State Street Corporation | 6% | 31,499,161 | $2,202,106,460 |
| 2023-12-31 | Capital International Investors | 5% | 26,465,995 | $1,850,237,807 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 11,873,839 | $830,100,127 |
| 2023-12-31 | Capital Research Global Investors | 2% | 11,162,047 | $780,338,746 |
| 2023-12-31 | Morgan Stanley | 2% | 8,683,604 | $607,070,787 |
| 2023-12-31 | Goldman Sachs Group Inc | 1% | 7,432,459 | $519,603,235 |
| 2023-12-31 | Northern Trust Corporation | 1% | 7,348,525 | $513,735,409 |
| 2023-12-31 | Capital World Investors | 1% | 7,074,884 | $494,605,166 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on General Mills.
