Clear Creek Financial Management LLC Reduces Holdings in General Mills, Inc. (NYSE:GIS)

Clear Creek Financial Management LLC lowered its position in General Mills, Inc. (NYSE:GIS) by 12.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,392 shares of the company’s stock after selling 780 shares during the period. Clear Creek Financial Management LLC’s holdings in General Mills were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. boosted its holdings in General Mills by 1.1% during the third quarter. Mesirow Financial Investment Management Inc. now owns 13,532 shares of the company’s stock worth $999,000 after buying an additional 148 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of General Mills by 1.1% during the 3rd quarter. Ballentine Partners LLC now owns 14,854 shares of the company’s stock worth $1,097,000 after acquiring an additional 165 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of General Mills by 2.6% in the 4th quarter. RFG Advisory LLC now owns 6,668 shares of the company’s stock worth $425,000 after acquiring an additional 172 shares during the period. Stratos Wealth Advisors LLC increased its stake in General Mills by 1.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,604 shares of the company’s stock valued at $783,000 after purchasing an additional 173 shares in the last quarter. Finally, Rise Advisors LLC raised its holdings in General Mills by 46.7% during the third quarter. Rise Advisors LLC now owns 606 shares of the company’s stock worth $45,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Insider Buying and Selling

In related news, Director Maria Sastre sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.66, for a total transaction of $63,660.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the stock in a transaction that occurred on 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 directly owns 42,117 shares of the company’s stock, valued at $2,716,546.50. This trade represents a 2.41 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on GIS shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, December 19th. Barclays dropped their target price on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. TD Cowen reduced their price target on shares of General Mills from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, December 19th. Stifel Nicolaus dropped their price objective on shares of General Mills from $78.00 to $72.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $70.94.

General Mills Stock Performance

Shares of GIS stock opened at $60.11 on Monday. The firm has a market capitalization of $33.13 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 3.86 and a beta of 0.11. The company has a 50 day moving average price of $62.99 and a 200 day moving average price of $67.33. General Mills, Inc. has a one year low of $57.94 and a one year high of $75.90. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the company posted $1.25 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that General Mills, Inc. will post 4.4 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Thursday, April 10th. General Mills’s payout ratio is currently 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.