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

Cliftonlarsonallen Wealth Advisors LLC grew its holdings in General Mills, Inc. (NYSE:GIS) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Several other hedge funds have also recently modified their holdings of GIS. State Street Corp increased its holdings in General Mills by 9.4% in the 3rd quarter. State Street Corp now owns 33,502,737 shares of the company’s stock worth $2,474,177,000 after buying an additional 2,867,678 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock valued at $497,054,000 after acquiring an additional 3,058,414 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of General Mills by 105.2% in the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after acquiring an additional 2,926,232 shares during the period. Legal & General Group Plc raised its holdings in shares of General Mills by 6.1% during the second quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock valued at $356,151,000 after purchasing an additional 323,090 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in General Mills by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock valued at $342,478,000 after purchasing an additional 148,235 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Price Performance

Shares of GIS stock 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 stock’s 50-day moving average price is $64.15 and its two-hundred day moving average price is $67.64. General Mills, Inc. has a one year low of $58.27 and a one year high of $75.90. The stock 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 current ratio of 0.66 and a quick ratio of 0.39.

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

General Mills Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, January 10th. General Mills’s payout ratio is 52.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GIS shares. Deutsche Bank Aktiengesellschaft reduced 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $70.00 price target on shares of General Mills in a research report on Thursday, December 19th. Barclays lowered their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Citigroup decreased their price objective on General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Bank of America upgraded General Mills from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $80.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.31.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 46,500 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 355,328 shares in the company, valued at approximately $24,379,054.08. This represents a 11.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the sale, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,541 shares of company stock valued at $3,321,170 in the last ninety days. Insiders own 0.26% of the company’s stock.

About General Mills

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.