This afternoon we watched General Mills drop -3.7% to a price of $63.48 per share. The Large-Cap Packaged Foods company is now trading -14.12% below its average target price of $73.91. Analysts have set target prices ranging from $67.0 to $84.0 per share for General Mills, and have given the stock an average rating of hold.
General Mills's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.3%. The stock's short ratio is 5.31. The company's insiders own 0.26% 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 79.6%. In conclusion, we believe there is mixed market sentiment regarding General Mills.
Institutions Invested in General Mills
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 12% | 66,762,090 | $4,237,723,560 |
| 2024-09-30 | Blackrock Inc. | 10% | 54,037,776 | $3,430,047,749 |
| 2024-09-30 | State Street Corporation | 6% | 33,502,737 | $2,126,586,179 |
| 2024-09-30 | Capital Research Global Investors | 3% | 18,201,841 | $1,155,361,829 |
| 2024-09-30 | Geode Capital Management, LLC | 3% | 14,351,556 | $910,964,995 |
| 2024-09-30 | Morgan Stanley | 2% | 8,715,298 | $553,203,527 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 7,142,480 | $453,368,907 |
| 2024-09-30 | Capital World Investors | 1% | 7,081,454 | $449,495,281 |
| 2024-09-30 | Northern Trust Corporation | 1% | 6,808,310 | $432,157,466 |
| 2024-09-30 | Ameriprise Financial, Inc. | 1% | 6,782,250 | $430,503,308 |
