General Mills, Inc. $GIS Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in shares of General Mills, Inc. (NYSE:GIS) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 174,586 shares of the company’s stock after buying an additional 26,482 shares during the period. Nisa Investment Advisors LLC’s holdings in General Mills were worth $8,118,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GIS. Worldquant Millennium Advisors LLC acquired a new stake in shares of General Mills during the 2nd quarter valued at $84,862,000. Two Sigma Investments LP boosted its stake in shares of General Mills by 82.8% during the 3rd quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock worth $172,226,000 after acquiring an additional 1,546,993 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of General Mills by 22.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock worth $384,625,000 after acquiring an additional 1,383,913 shares during the last quarter. Nordea Investment Management AB raised its position in shares of General Mills by 15.9% during the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after purchasing an additional 1,368,041 shares during the period. Finally, First Trust Advisors LP raised its position in shares of General Mills by 67.8% during the second quarter. First Trust Advisors LP now owns 2,213,506 shares of the company’s stock worth $114,682,000 after purchasing an additional 894,633 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Barclays cut their price objective on General Mills from $46.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, March 16th. Morgan Stanley reduced their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Finally, Sanford C. Bernstein dropped their target price on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $43.56.

General Mills Stock Performance

Shares of GIS stock opened at $37.26 on Thursday. General Mills, Inc. has a 1-year low of $35.63 and a 1-year high of $62.61. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 9.11 and a beta of 0.01. The stock’s fifty day simple moving average is $43.14 and its 200-day simple moving average is $45.88.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) 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 business had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the prior year, the company posted $1.12 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts predict that General Mills, Inc. will post 4.36 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a $0.61 dividend. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.5%. General Mills’s dividend payout ratio is currently 59.66%.

General Mills Profile

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.