Dimensional Fund Advisors LP Raises Stake in General Mills, Inc. (NYSE:GIS)

Dimensional Fund Advisors LP raised its stake in General Mills, Inc. (NYSE:GISFree Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,003,306 shares of the company’s stock after buying an additional 235,938 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.88% of General Mills worth $325,909,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Qsemble Capital Management LP acquired a new position in shares of General Mills in the 4th quarter valued at $1,317,000. Johnson Investment Counsel Inc. lifted its stake in General Mills by 63.9% during the 4th quarter. Johnson Investment Counsel Inc. now owns 15,072 shares of the company’s stock worth $982,000 after acquiring an additional 5,877 shares in the last quarter. NBC Securities Inc. lifted its stake in General Mills by 3.3% during the 4th quarter. NBC Securities Inc. now owns 21,295 shares of the company’s stock worth $1,387,000 after acquiring an additional 677 shares in the last quarter. Dana Investment Advisors Inc. lifted its stake in General Mills by 19.2% during the 4th quarter. Dana Investment Advisors Inc. now owns 135,374 shares of the company’s stock worth $8,818,000 after acquiring an additional 21,796 shares in the last quarter. Finally, Valley Wealth Managers Inc. lifted its stake in General Mills by 5.6% during the 4th quarter. Valley Wealth Managers Inc. now owns 62,761 shares of the company’s stock worth $4,088,000 after acquiring an additional 3,355 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Trading Down 0.4 %

NYSE:GIS traded down $0.30 on Monday, hitting $70.40. 1,451,158 shares of the stock were exchanged, compared to its average volume of 4,095,962. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $90.89. The stock has a fifty day moving average of $68.72 and a 200-day moving average of $66.10. 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 stock has a market cap of $39.98 billion, a PE ratio of 16.25, a PEG ratio of 2.44 and a beta of 0.15.

General Mills (NYSE:GISGet Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $5.10 billion during 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%. General Mills’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 earnings per share. As a group, equities analysts expect that General Mills, Inc. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen increased their target price on General Mills from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. increased their target price on General Mills from $68.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. HSBC increased their target price on General Mills from $74.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $72.00 price target on shares of General Mills in a research report on Thursday, March 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $77.00 price target on shares of General Mills in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus price target of $72.18.

View Our Latest Report on General Mills

Insider Activity at General Mills

In other General Mills news, insider Jonathon Nudi sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 93,381 shares of the company’s stock, valued at approximately $6,462,899.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

General Mills Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for General Mills (NYSE:GIS)

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