LSV Asset Management Boosts Stock Holdings in General Mills, Inc. (NYSE:GIS)

LSV Asset Management lifted its position in General Mills, Inc. (NYSE:GIS - Free Report) by 165.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,049,750 shares of the company's stock after purchasing an additional 654,550 shares during the quarter. LSV Asset Management owned 0.18% of General Mills worth $68,381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Trust Company N.A bought a new position in shares of General Mills during the 4th quarter worth about $50,000. Bruce G. Allen Investments LLC acquired a new stake in General Mills during the fourth quarter valued at approximately $28,000. Sabal Trust CO grew its stake in shares of General Mills by 7,817.6% in the 4th quarter. Sabal Trust CO now owns 290,179 shares of the company's stock valued at $18,902,000 after purchasing an additional 286,514 shares during the period. Welch Group LLC raised its holdings in shares of General Mills by 2.8% in the 4th quarter. Welch Group LLC now owns 615,389 shares of the company's stock worth $40,086,000 after buying an additional 16,883 shares in the last quarter. Finally, Gradient Investments LLC raised its holdings in shares of General Mills by 29.9% in the 4th quarter. Gradient Investments LLC now owns 2,238 shares of the company's stock worth $146,000 after buying an additional 515 shares in the last quarter. 75.71% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Jonathon Nudi sold 10,000 shares of the firm's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.21, for a total transaction of $692,100.00. Following the sale, the insider now owns 93,381 shares of the company's stock, valued at approximately $6,462,899.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by company insiders.

General Mills Trading Down 1.0 %

Shares of GIS traded down $0.74 on Friday, reaching $69.91. 3,444,229 shares of the company's stock were exchanged, compared to its average volume of 3,869,986. General Mills, Inc. has a 12 month low of $60.33 and a 12 month high of $90.89. The stock has a market capitalization of $39.70 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 2.41 and a beta of 0.15. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.14. The business has a 50 day moving average price of $68.16 and a two-hundred day moving average price of $65.88.

General Mills (NYSE:GIS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.12. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS. Research analysts anticipate that General Mills, Inc. will post 4.51 earnings per share for the current year.

Wall Street Analyst Weigh In

GIS has been the topic of a number of analyst reports. Mizuho upped their price target on General Mills from $65.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday, March 21st. Citigroup began coverage on shares of General Mills in a research report on Thursday, February 1st. They set a "neutral" rating and a $67.00 target price for the company. HSBC boosted their price target on shares of General Mills from $74.00 to $76.00 and gave the company a "hold" rating in a research report on Thursday, March 21st. Bank of America lifted their target price on shares of General Mills from $68.00 to $72.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $77.00 price objective on shares of General Mills in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $72.18.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.