Clear Trail Advisors LLC Lowers Stake in General Mills, Inc. $GIS

Clear Trail Advisors LLC trimmed its position in General Mills, Inc. (NYSE:GIS) by 6.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 504,172 shares of the company’s stock after selling 33,070 shares during the period. General Mills comprises 3.1% of Clear Trail Advisors LLC’s portfolio, making the stock its 4th biggest holding. Clear Trail Advisors LLC owned about 0.09% of General Mills worth $18,765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GIS. LBP AM SA purchased a new position in shares of General Mills during the 4th quarter valued at $2,639,000. Oak Thistle LLC purchased a new stake in General Mills in the 4th quarter worth $1,320,000. Robeco Institutional Asset Management B.V. raised its holdings in General Mills by 1,824.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after acquiring an additional 848,712 shares during the period. Korea Investment CORP lifted its position in shares of General Mills by 161.9% in the third quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock valued at $16,800,000 after acquiring an additional 205,981 shares in the last quarter. Finally, HF Advisory Group LLC boosted its stake in shares of General Mills by 550.2% in the fourth quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock worth $3,681,000 after acquiring an additional 66,981 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Insider Activity at General Mills

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider owned 62,283 shares in the company, valued at $2,148,763.50. The trade was a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler decreased their target price on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Mizuho dropped their target price on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Bank of America reduced their price target on shares of General Mills from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. TD Cowen dropped their price objective on shares of General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a report on Thursday, March 19th. Finally, Stifel Nicolaus reduced their target price on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and a consensus price target of $39.39.

General Mills Stock Down 0.2%

Shares of NYSE GIS opened at $33.36 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. General Mills, Inc. has a 12-month low of $31.75 and a 12-month high of $54.18. The firm’s 50-day moving average price is $34.10 and its 200-day moving average price is $40.39. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 8.16 and a beta of -0.03.

General Mills 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.