Clifford Capital Partners LLC Has $15.50 Million Holdings in General Mills, Inc. (NYSE:GIS)

Clifford Capital Partners LLC decreased its stake in General Mills, Inc. (NYSE:GIS) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 209,916 shares of the company’s stock after selling 7,197 shares during the period. General Mills accounts for approximately 3.1% of Clifford Capital Partners LLC’s holdings, making the stock its 17th largest position. Clifford Capital Partners LLC’s holdings in General Mills were worth $15,502,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Values First Advisors Inc. acquired a new stake in General Mills in the 3rd quarter valued at $27,000. First Foundation Advisors boosted its stake in General Mills by 400.0% in the second quarter. First Foundation Advisors now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares in the last quarter. Planning Capital Management Corp boosted its stake in General Mills by 61.5% in the third quarter. Planning Capital Management Corp now owns 507 shares of the company’s stock worth $37,000 after purchasing an additional 193 shares in the last quarter. Beacon Capital Management LLC boosted its stake in General Mills by 47.5% in the first quarter. Beacon Capital Management LLC now owns 559 shares of the company’s stock worth $39,000 after purchasing an additional 180 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in General Mills in the third quarter worth $44,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Trading Up 0.7 %

NYSE GIS opened at $66.02 on Wednesday. The stock has a 50-day simple moving average of $69.29 and a 200 day simple moving average of $68.55. The company has a market capitalization of $36.65 billion, a PE ratio of 15.72, a P/E/G ratio of 3.41 and a beta of 0.11. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.20. General Mills, Inc. has a 12 month low of $61.47 and a 12 month high of $75.90.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a return on equity of 26.85% and a net margin of 12.14%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. Research analysts forecast that General Mills, Inc. will post 4.51 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. Shareholders 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 annualized dividend and a dividend yield of 3.64%. General Mills’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Ratings Changes

GIS has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company reduced their price objective on General Mills from $77.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Bank of America boosted their price objective on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Barclays boosted their target price on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Finally, Piper Sandler boosted their target price on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.67.

Insiders Place Their Bets

In other news, insider Jonathon Nudi sold 9,647 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.39, for a total transaction of $717,640.33. Following the completion of the transaction, the insider now directly owns 128,664 shares of the company’s stock, valued at $9,571,314.96. This represents a 6.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total value of $3,190,365.00. Following the transaction, the chief executive officer now directly owns 355,328 shares of the company’s stock, valued at $24,379,054.08. This represents a 11.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,555 shares of company stock worth $4,721,336 over the last ninety days. 0.26% of the stock is currently owned by corporate 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.