General Mills, Inc. (GIS) Stake Raised by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in General Mills, Inc. (NYSE:GIS) by 18.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,008 shares of the company’s stock after purchasing an additional 1,241 shares during the period. Fisher Asset Management LLC’s holdings in General Mills were worth $415,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Flossbach Von Storch AG bought a new position in shares of General Mills in the second quarter valued at about $227,578,000. Janus Henderson Group PLC raised its holdings in shares of General Mills by 3,178.6% in the second quarter. Janus Henderson Group PLC now owns 2,611,312 shares of the company’s stock valued at $144,666,000 after buying an additional 2,531,664 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of General Mills by 94.6% in the second quarter. Federated Investors Inc. PA now owns 4,516,168 shares of the company’s stock valued at $250,196,000 after buying an additional 2,195,397 shares during the last quarter. Morgan Stanley raised its holdings in shares of General Mills by 29.4% in the first quarter. Morgan Stanley now owns 7,055,040 shares of the company’s stock valued at $416,318,000 after buying an additional 1,603,577 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of General Mills by 146.2% in the first quarter. Renaissance Technologies LLC now owns 2,004,300 shares of the company’s stock valued at $118,274,000 after buying an additional 1,190,200 shares during the last quarter. Institutional investors own 71.32% of the company’s stock.

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Shares of General Mills, Inc. (GIS) opened at $53.72 on Monday. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47. The company has a market capitalization of $30,531.14, a PE ratio of 17.85, a PEG ratio of 2.00 and a beta of 0.63. General Mills, Inc. has a 52 week low of $49.65 and a 52 week high of $64.06.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.05). The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. sell-side analysts predict that General Mills, Inc. will post 3.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.65%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.

A number of research firms recently issued reports on GIS. BMO Capital Markets reaffirmed a “hold” rating on shares of General Mills in a report on Tuesday, August 8th. Zacks Investment Research raised General Mills from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada set a $62.00 price target on General Mills and gave the company a “hold” rating in a report on Wednesday, August 2nd. Wells Fargo & Company cut their price target on General Mills from $56.00 to $53.00 and set a “market perform” rating for the company in a report on Friday, September 22nd. Finally, Susquehanna Bancshares Inc set a $56.00 price target on General Mills and gave the company a “hold” rating in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $56.60.

General Mills Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

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

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