LSV Asset Management Has $187.55 Million Stake in General Mills, Inc. $GIS

LSV Asset Management increased its stake in shares of General Mills, Inc. (NYSE:GIS) by 32.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,033,350 shares of the company’s stock after acquiring an additional 986,050 shares during the period. LSV Asset Management’s holdings in General Mills were worth $187,551,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of General Mills during the 3rd quarter valued at about $25,000. Close Asset Management Ltd acquired a new stake in General Mills in the 3rd quarter valued at approximately $28,000. Activest Wealth Management grew its holdings in General Mills by 211.7% in the 4th quarter. Activest Wealth Management now owns 695 shares of the company’s stock valued at $32,000 after buying an additional 472 shares during the last quarter. Binnacle Investments Inc grew its holdings in General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in General Mills in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Activity at General Mills

In other news, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the sale, the insider owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the sale, the insider directly owned 86,002 shares in the company, valued at $2,947,288.54. The trade was a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on GIS shares. Stifel Nicolaus lowered their target price on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Wells Fargo & Company lowered their target price on General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday, May 18th. Mizuho lowered their target price on General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 19th. UBS Group lowered their target price on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday, March 19th. Finally, Bank of America lowered General Mills from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $42.44.

General Mills Price Performance

Shares of NYSE:GIS opened at $33.71 on Friday. General Mills, Inc. has a 1-year low of $32.64 and a 1-year high of $55.19. The firm has a market capitalization of $17.99 billion, a PE ratio of 8.24 and a beta of -0.02. The business’s 50 day moving average is $35.74 and its 200-day moving average is $42.42. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business posted $1.12 EPS. General Mills’s revenue for the quarter was down 8.4% compared to the same quarter last year. Sell-side analysts predict that General Mills, Inc. will post 3.43 earnings per share for the current year.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.