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

LSV Asset Management increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 115.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,817,780 shares of the company’s stock after buying an additional 1,508,680 shares during the quarter. LSV Asset Management owned 0.51% of General Mills worth $179,690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centiva Capital LP acquired a new position in General Mills during the third quarter worth approximately $272,000. Quantinno Capital Management LP lifted its position in General Mills by 3.3% in the 3rd quarter. Quantinno Capital Management LP now owns 33,463 shares of the company’s stock valued at $2,471,000 after acquiring an additional 1,069 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of General Mills during the 3rd quarter worth approximately $989,000. Orion Portfolio Solutions LLC increased its holdings 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 worth $2,138,000 after purchasing an additional 9,285 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in General Mills during the third quarter valued at about $1,214,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GIS shares. Bank of America dropped their target price on shares of General Mills from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. Barclays lowered their price objective on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Jefferies Financial Group boosted their price objective on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, March 10th. Finally, Stifel Nicolaus dropped their price objective on shares of General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, General Mills has an average rating of “Hold” and an average price target of $65.69.

General Mills Stock Performance

Shares of GIS opened at $58.16 on Thursday. The stock has a market cap of $32.06 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.94 and a beta of 0.15. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The business’s 50 day moving average price is $59.68 and its 200-day moving average price is $63.67. General Mills, Inc. has a 52 week low of $55.15 and a 52 week high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. Equities research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.13%. General Mills’s payout ratio is 52.75%.

About General Mills

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.