Claro Advisors LLC Has $289,000 Stock Holdings in General Mills, Inc. (NYSE:GIS)

Claro Advisors LLC lessened its holdings in shares of General Mills, Inc. (NYSE:GIS) by 23.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,532 shares of the company’s stock after selling 1,369 shares during the period. Claro Advisors LLC’s holdings in General Mills were worth $289,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in 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 during the period. Nordea Investment Management AB grew its holdings in General Mills by 64.5% during the 4th quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after acquiring an additional 3,058,414 shares during the period. JPMorgan Chase & Co. grew its holdings in General Mills by 105.2% during the 3rd 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 grew its holdings in General Mills by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 5,629,943 shares of the company’s stock worth $356,151,000 after acquiring an additional 323,090 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in General Mills by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,413,585 shares of the company’s stock worth $342,478,000 after acquiring an additional 148,235 shares during the period. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Down 0.9 %

Shares of NYSE:GIS opened at $58.82 on Wednesday. The company’s 50-day moving average price is $64.15 and its two-hundred day moving average price is $67.64. 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, Inc. has a one year low of $58.27 and a one year high of $75.90. The stock has a market capitalization of $32.42 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 3.47 and a beta of 0.11.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 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 firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the firm posted $1.25 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a $0.60 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.08%. General Mills’s payout ratio is 52.17%.

Analyst Ratings Changes

GIS has been the subject of several research analyst reports. Barclays decreased their price target 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. Stifel Nicolaus decreased their price target on shares of General Mills from $82.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Piper Sandler boosted their price target on shares of General Mills from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Wells Fargo & Company decreased their price target on shares of General Mills from $68.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup decreased their price target on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.31.

Insider Activity

In other 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 value of $3,190,365.00. Following the sale, the chief executive officer now directly owns 355,328 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of the company’s 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 directly owns 42,117 shares in the company, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,541 shares of company stock valued at $3,321,170. 0.26% of the stock is owned by company insiders.

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.