537,242 Shares in General Mills, Inc. $GIS Acquired by Clear Trail Advisors LLC

Clear Trail Advisors LLC purchased a new position in shares of General Mills, Inc. (NYSE:GIS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 537,242 shares of the company’s stock, valued at approximately $24,982,000. General Mills makes up about 5.8% of Clear Trail Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Clear Trail Advisors LLC owned approximately 0.10% of General Mills as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of General Mills during the fourth quarter worth about $2,038,000. SG Americas Securities LLC grew its stake in General Mills by 787.7% during the 4th quarter. SG Americas Securities LLC now owns 541,048 shares of the company’s stock worth $25,159,000 after buying an additional 480,098 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in General Mills by 2,806.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 762,517 shares of the company’s stock worth $35,457,000 after buying an additional 736,283 shares during the last quarter. 180 Wealth Advisors LLC increased its position in General Mills by 22.9% during the fourth quarter. 180 Wealth Advisors LLC now owns 11,947 shares of the company’s stock worth $556,000 after buying an additional 2,225 shares during the period. Finally, True Wealth Design LLC increased its position in General Mills by 344.4% during the fourth quarter. True Wealth Design LLC now owns 1,222 shares of the company’s stock worth $57,000 after buying an additional 947 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on GIS shares. Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Piper Sandler lowered their price objective on shares of General Mills from $53.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. JPMorgan Chase & Co. dropped their price objective on shares of General Mills from $42.00 to $36.00 and set an “underweight” rating on the stock in a research note on Thursday, March 19th. Royal Bank Of Canada reduced their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. Finally, Jefferies Financial Group decreased their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $44.61.

General Mills Price Performance

Shares of NYSE GIS opened at $37.32 on Tuesday. The firm has a market capitalization of $19.92 billion, a P/E ratio of 9.12 and a beta of -0.05. General Mills, Inc. has a one year low of $36.76 and a one year high of $62.61. The company’s fifty day moving average is $44.26 and its two-hundred day moving average is $46.52. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share 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 company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. Analysts forecast that General Mills, Inc. will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors 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 Company 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.