TCW Group Inc. Has $1.47 Million Stock Position in General Mills, Inc. (NYSE:GIS)

TCW Group Inc. lifted its stake in General Mills, Inc. (NYSE:GIS) by 0.8% during the 4th quarter, HoldingsChannel reports. The fund owned 23,061 shares of the company’s stock after buying an additional 194 shares during the period. TCW Group Inc.’s holdings in General Mills were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of GIS. International Assets Investment Management LLC grew its stake in shares of General Mills by 6,114.0% in the third quarter. International Assets Investment Management LLC now owns 450,451 shares of the company’s stock worth $33,266,000 after acquiring an additional 443,202 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in General Mills by 20.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,289 shares of the company’s stock worth $3,517,000 after purchasing an additional 8,053 shares during the period. Forsta AP Fonden lifted its position in General Mills by 41.1% in the third quarter. Forsta AP Fonden now owns 153,500 shares of the company’s stock worth $11,336,000 after purchasing an additional 44,700 shares during the period. DekaBank Deutsche Girozentrale lifted its position in General Mills by 15.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 913,326 shares of the company’s stock worth $67,854,000 after purchasing an additional 119,955 shares during the period. Finally, Carret Asset Management LLC bought a new position in General Mills in the third quarter worth $232,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of NYSE:GIS opened at $61.32 on Tuesday. General Mills, Inc. has a twelve month low of $55.15 and a twelve month high of $75.90. The firm has a market cap of $33.80 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. The business has a fifty day moving average of $60.81 and a 200-day moving average of $66.48.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the company posted $1.25 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.91%. General Mills’s payout ratio is 52.17%.

Analyst Upgrades and Downgrades

GIS has been the subject of several research reports. TD Cowen reduced their target price on General Mills from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, December 19th. Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Citigroup reduced their target price on General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Barclays reduced their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Bank of America cut their price objective on General Mills from $78.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.88.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total value of $67,144.50. Following the completion of the sale, the insider now directly owns 42,117 shares in the company, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.