After this afternoon's -1.1% drop to $68.3 per share, General Mills might just keep moving past its target price of $71.53. With an average analyst rating of hold, and target prices from $61.0 to $77.0, the stock's next move is anyone's guess.
General Mills's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.7%. The stock's short ratio is 3.83. The company's insiders own 0.21% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 79.2%. In conclusion, we believe there is mixed market sentiment regarding General Mills.
Institutions Invested in General Mills
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 11% | 60,298,880 | $4,118,413,688 |
| 2024-03-31 | Blackrock Inc. | 9% | 52,311,465 | $3,572,873,219 |
| 2024-03-31 | State Street Corporation | 5% | 30,728,841 | $2,098,779,934 |
| 2024-03-31 | Capital International Investors | 3% | 18,413,360 | $1,257,632,544 |
| 2024-03-31 | Capital Research Global Investors | 2% | 13,650,388 | $932,321,542 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 12,166,622 | $830,980,319 |
| 2024-03-31 | Morgan Stanley | 2% | 8,732,884 | $596,456,003 |
| 2024-03-31 | Ameriprise Financial, Inc. | 1% | 7,749,911 | $529,318,944 |
| 2024-03-31 | Northern Trust Corporation | 1% | 7,086,891 | $484,034,676 |
| 2024-03-31 | Capital World Investors | 1% | 7,077,465 | $483,390,881 |
