Ownership Action to Note: General Mills Inc (NYSE:GIS) Institutional Investor Sentiment Trend

November 24, 2016 - By Dolores Ford   ·   0 Comments

Ownership Action to Note: General Mills Inc (NYSE:GIS) Institutional Investor Sentiment Trend

Sentiment for General Mills Inc (NYSE:GIS)

General Mills Inc (NYSE:GIS) institutional sentiment decreased to 0.77 in Q2 2016. Its down -0.20, from 0.97 in 2016Q1. The ratio turned negative, as 433 funds increased and started new stock positions, while 448 sold and decreased stakes in General Mills Inc. The funds in our partner’s database now have: 408.16 million shares, down from 421.30 million shares in 2016Q1. Also, the number of funds holding General Mills Inc in their top 10 stock positions increased from 22 to 31 for an increase of 9. Sold All: 43 Reduced: 405 Increased: 353 New Position: 80.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $36.27 billion. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has a 22.37 P/E ratio. The Firm has three divisions: U.S.

The stock decreased 1.91% or $1.2 on November 23, hitting $61.48. About 2.56 million shares traded hands. General Mills, Inc. (NYSE:GIS) has risen 1.52% since April 22, 2016 and is uptrending. It has underperformed by 3.89% the S&P500.

Analysts await General Mills, Inc. (NYSE:GIS) to report earnings on December, 15. They expect $0.88 earnings per share, up 7.32% or $0.06 from last year’s $0.82 per share. GIS’s profit will be $519.15M for 17.47 P/E if the $0.88 EPS becomes a reality. After $0.78 actual earnings per share reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts 12.82% EPS growth.

According to Zacks Investment Research, “General Mills, Inc. is one of the leading producers of packaged consumer foods and markets its products primarily through its own sales organizations, supported by advertising and other promotional activities. Such products are primarily distributed directly to retail food chains, cooperatives, membership stores and wholesalers.”

Montgomery Investment Management Inc holds 11.07% of its portfolio in General Mills, Inc. for 320,075 shares. Cincinnati Indemnity Co owns 26,000 shares or 8.02% of their US portfolio. Moreover, Gavekal Capital Llc has 5.99% invested in the company for 273,177 shares. The Ohio-based Cincinnati Casualty Co has invested 5.97% in the stock. Nepsis Capital Management Inc., a Minnesota-based fund reported 107,420 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 8 insider sales for $21.30 million net activity.

General Mills, Inc. (NYSE:GIS) Ratings Coverage

Ratings analysis reveals 27% of General Mills Inc.’s analysts are positive. Out of 11 Wall Street analysts rating General Mills Inc., 3 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $56 while the high is $73. The stock’s average target of $65.38 is 6.34% above today’s ($61.48) share price. GIS was included in 22 notes of analysts from July 21, 2015. The rating was maintained by UBS with “Neutral” on Thursday, September 22. The rating was maintained by Goldman Sachs with “Neutral” on Thursday, March 24. As per Tuesday, May 24, the company rating was downgraded by Goldman Sachs. The firm earned “Outperform” rating on Monday, December 7 by RBC Capital Markets. As per Friday, August 28, the company rating was downgraded by Zacks. The company was maintained on Thursday, March 24 by JP Morgan. The stock of General Mills, Inc. (NYSE:GIS) has “Sell” rating given on Thursday, June 30 by Goldman Sachs. The firm has “Underperform” rating given on Tuesday, September 20 by Consumer Edge. The stock of General Mills, Inc. (NYSE:GIS) earned “Buy” rating by Citigroup on Monday, April 11. The firm earned “Outperform” rating on Thursday, June 30 by RBC Capital Markets.

GIS Company Profile

General Mills, Inc., incorporated on June 20, 1928, is a maker and marketer of branded consumer foods sold through retail stores. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Firm has three divisions: U.S. Retail, International, and Convenience Stores and Foodservice. The Firm offers a range of food products with a focus on categories, including ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Company’s other product categories include baking mixes and ingredients, and refrigerated and frozen dough. The Company’s products are marketed under various brands, which include Annie’s, Betty Crocker, Bisquick, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto’s, Go-Gurt, Gold Medal, Golden Grahams, Haagen-Dazs, Helpers, Jeno’s, Jus-Rol, Kitano, Kix, La Saltena, Larabar, Latina, Liberte, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino’s, Trix, Wanchai Ferry, Wheaties, Yoki and Yoplait.

Another recent and important General Mills, Inc. (NYSE:GIS) news was published by Seekingalpha.com which published an article titled: “General Mills: A Model Of Consistency” on November 09, 2016.

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By Dolores Ford


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