Cliftonlarsonallen Wealth Advisors LLC Acquires 626 Shares of General Mills, Inc. (NYSE:GIS)

Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of General Mills, Inc. (NYSE:GIS) by 3.4% during the 4th quarter, Holdings Channel reports. The fund owned 18,827 shares of the company’s stock after purchasing an additional 626 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in General Mills were worth $1,201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GIS. Nordea Investment Management AB raised its holdings in General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after purchasing an additional 3,058,414 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of General Mills by 105.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after buying an additional 2,926,232 shares during the last quarter. State Street Corp raised its stake in shares of General Mills by 9.4% during the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company’s stock worth $2,474,177,000 after acquiring an additional 2,867,678 shares in the last quarter. Wulff Hansen & CO. lifted its position in General Mills by 6,140.4% during the second quarter. Wulff Hansen & CO. now owns 945,421 shares of the company’s stock valued at $59,807,000 after acquiring an additional 930,271 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in 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 valued at $33,266,000 after acquiring an additional 443,202 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 46,500 shares of General Mills stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the sale, the chief executive officer now owns 355,328 shares of the company’s stock, valued at $24,379,054.08. The trade was a 11.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the completion of the sale, the insider now owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,541 shares of company stock valued at $3,321,170 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GIS. Deutsche Bank Aktiengesellschaft lowered their price objective on General Mills from $83.00 to $82.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Barclays lowered their price target on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Citigroup cut their price objective on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus lowered their target price on shares of General Mills from $82.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Bank of America upgraded shares of General Mills from a “neutral” rating to a “buy” rating and upped their price target for the company from $78.00 to $80.00 in a research note on Friday, December 13th. One 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.31.

General Mills Stock Performance

Shares of GIS traded up $0.17 during trading hours on Wednesday, hitting $58.95. The stock had a trading volume of 270,810 shares, compared to its average volume of 4,290,777. The firm has a market capitalization of $32.50 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 3.47 and a beta of 0.11. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.39 and a current ratio of 0.66. The firm has a 50-day moving average price of $64.15 and a 200 day moving average price of $67.64. General Mills, Inc. has a fifty-two week low of $58.27 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 12.14% and a return on equity of 26.85%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the company posted $1.25 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, research analysts anticipate that General Mills, Inc. will post 4.5 EPS for the current year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, January 10th. General Mills’s payout ratio is presently 52.17%.

General Mills Company 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.