Clear Trail Advisors LLC Has $18.77 Million Holdings in General Mills, Inc. $GIS

Clear Trail Advisors LLC reduced its holdings in shares of General Mills, Inc. (NYSE:GIS) by 6.2% in the first quarter, according to its most recent 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 position. Clear Trail Advisors LLC’s holdings in General Mills were worth $18,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smith Moore & CO. lifted its position in shares of General Mills by 2.6% during the third quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock worth $443,000 after purchasing an additional 225 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of General Mills by 1.9% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock worth $565,000 after purchasing an additional 225 shares during the last quarter. Allegheny Financial Group lifted its holdings in General Mills by 4.8% during the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock valued at $228,000 after buying an additional 226 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its position in General Mills by 0.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares during the period. Finally, Robertson Stephens Wealth Management LLC grew its stake in General Mills by 3.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock worth $320,000 after acquiring an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company reduced their price objective on General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a report on Monday, May 18th. TD Cowen cut their target price on shares of General Mills from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, March 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price target on shares of General Mills in a report on Tuesday, June 2nd. Piper Sandler lowered their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Finally, Sanford C. Bernstein downgraded shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a research note on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, General Mills has a consensus rating of “Reduce” and an average price target of $39.39.

Insider Buying and Selling at General Mills

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the sale, the insider owned 62,283 shares of the company’s stock, valued at approximately $2,148,763.50. This trade represents a 11.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were 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 in the company, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

General Mills Trading Down 0.2%

NYSE GIS opened at $33.36 on Tuesday. The firm has a market cap of $17.81 billion, a PE ratio of 8.16 and a beta of -0.03. General Mills, Inc. has a 52 week low of $31.75 and a 52 week high of $54.18. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The company has a 50 day moving average price of $34.10 and a 200 day moving average price of $40.39.

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.