LSV Asset Management Has $179.69 Million Stock Holdings in General Mills, Inc. (NYSE:GIS)

LSV Asset Management raised its stake in General Mills, Inc. (NYSE:GIS - Free Report) by 115.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,817,780 shares of the company's stock after purchasing an additional 1,508,680 shares during the period. LSV Asset Management owned 0.51% of General Mills worth $179,690,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Centiva Capital LP bought a new stake in shares of General Mills during the third quarter worth approximately $272,000. Quantinno Capital Management LP increased its position in General Mills by 3.3% during the 3rd quarter. Quantinno Capital Management LP now owns 33,463 shares of the company's stock worth $2,471,000 after buying an additional 1,069 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of General Mills during the third quarter worth $989,000. Orion Portfolio Solutions LLC boosted its position in shares of General Mills by 47.2% in the third quarter. Orion Portfolio Solutions LLC now owns 28,950 shares of the company's stock valued at $2,138,000 after acquiring an additional 9,285 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of General Mills in the third quarter valued at about $1,214,000. 75.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GIS. Mizuho decreased their target price on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Wells Fargo & Company reduced their target price on General Mills from $64.00 to $61.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Citigroup dropped their price target on General Mills from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Morgan Stanley initiated coverage on shares of General Mills in a report on Monday, March 24th. They issued an "underweight" rating and a $53.00 target price on the stock. Finally, Barclays cut their price target on shares of General Mills from $68.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, General Mills currently has an average rating of "Hold" and a consensus price target of $65.69.

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General Mills Trading Down 1.7 %

NYSE GIS traded down $1.03 during trading hours on Tuesday, reaching $57.97. The company's stock had a trading volume of 1,293,170 shares, compared to its average volume of 4,392,927. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The stock has a market cap of $31.95 billion, a P/E ratio of 12.60, a P/E/G ratio of 1.94 and a beta of 0.15. The firm has a fifty day simple moving average of $59.59 and a 200-day simple moving average of $63.26.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion for 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%. General Mills's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. Equities analysts forecast that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.14%. General Mills's dividend payout ratio (DPR) is 52.75%.

Insider Activity at General Mills

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

General Mills Profile

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.