General Mills, Inc. (NYSE:GIS) Stock Holdings Lifted by LSV Asset Management

Key Points

• LSV Asset Management increased its stake in General Mills by 33.2% during the first quarter, now owning 3,753,710 shares, which are valued at approximately $224 million.
• General Mills declared a quarterly dividend of $0.61 per share, up from the previous $0.60, with an annualized total of $2.44 representing a 5.0% dividend yield.
• Analysts have mixed opinions on General Mills, with prices and ratings fluctuating; the stock currently holds a consensus rating of "Hold" and an average target price of $59.73.

LSV Asset Management increased its stake in shares of General Mills, Inc. (NYSE:GIS - Free Report) by 33.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,753,710 shares of the company's stock after acquiring an additional 935,930 shares during the quarter. LSV Asset Management owned about 0.68% of General Mills worth $224,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Transce3nd LLC purchased a new stake in shares of General Mills in the fourth quarter valued at about $32,000. Perkins Coie Trust Co increased its stake in shares of General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after acquiring an additional 211 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of General Mills during the first quarter worth about $34,000. Strategic Investment Solutions Inc. IL increased its stake in shares of General Mills by 1,096.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 598 shares of the company's stock worth $39,000 after acquiring an additional 548 shares during the period. Finally, Heck Capital Advisors LLC acquired a new position in shares of General Mills during the fourth quarter worth about $38,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GIS has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. The Goldman Sachs Group lowered shares of General Mills from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Wall Street Zen upgraded shares of General Mills from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group lowered their target price on shares of General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada raised shares of General Mills from a "sector perform" rating to an "outperform" rating and reduced their price target for the company from $67.00 to $63.00 in a report on Thursday, June 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.73.

General Mills Trading Up 0.2%

NYSE:GIS traded up $0.08 during trading hours on Monday, reaching $49.02. 4,490,398 shares of the company were exchanged, compared to its average volume of 5,752,542. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43. The firm has a market cap of $26.59 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.23 and a beta of -0.01. General Mills, Inc. has a 52-week low of $48.59 and a 52-week high of $75.90. The stock has a 50 day simple moving average of $52.24 and a 200 day simple moving average of $56.23.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. As a group, analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.44 annualized dividend and a yield of 5.0%. This is an increase from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio (DPR) is 59.51%.

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.