Should You Invest in General Mills (GIS)?

Miller Howard Investments, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 3.5% (yield) was recorded by the fund for the third quarter of 2021, compared to the 1.5% for the S&P 500 for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Miller Howard Investments, in its Q3 2021 investor letter, mentioned General Mills, Inc. (NYSE: GIS) and discussed its stance on the firm. General Mills, Inc. is a Minneapolis, Minnesota-based food company with a $40.3 billion market capitalization. GIS delivered a 13.76% return since the beginning of the year, while its 12-month returns are up by 14.22%. The stock closed at $66.89 per share on December 29, 2021.

Here is what Miller Howard Investments has to say about General Mills, Inc.  in its Q3 2021 investor letter:

“Other stocks providing balance against our cyclicals include General Mills (GIS). They pay good dividends supported by stable business models and have a conservative amount of debt. The dividend yield on our Income-Equity Strategy is now 3.6%. The No-MLP version yield is 3.5%. Both yields are roughly 2.5 times the yield on the S&P 500 Index, and we are seeing dividend increases across our portfolios. Our income advantage over the broad market is significant, yet we also believe that we have enough cyclical tilt to perform well in a recovery. We continue to monitor a variety of risks, with inflation and COVID-19 trends being most important.”

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Based on our calculations, General Mills, Inc. (NYSE: GIS) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. GIS was in 32 hedge fund portfolios at the end of the third quarter of 2021, compared to 37 funds in the previous quarter. General Mills, Inc. (NYSE: GIS) delivered a 10.07% return in the past 3 months.

In October 2021, we also shared another hedge fund’s views on GIS in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.