Exclusive: Does General Mills, Inc. Have Any Gas After Today’s Significant Increase?

Exclusive: Does General Mills, Inc. Have Any Gas After Today's Significant Increase?

The stock of General Mills, Inc. (NYSE:GIS) is a huge mover today! About 1.38 million shares traded hands. General Mills, Inc. (NYSE:GIS) has risen 2.50% since March 9, 2016 and is uptrending. It has underperformed by 4.91% the S&P500.
The move comes after 9 months positive chart setup for the $36.42 billion company. It was reported on Oct, 12 by Barchart.com. We have $85.67 PT which if reached, will make NYSE:GIS worth $13.84 billion more.

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

Out of 11 analysts covering General Mills Inc. (NYSE:GIS), 3 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 27% are positive. General Mills Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, March 24. The firm has “Neutral” rating by Susquehanna given on Monday, October 26. The rating was maintained by RBC Capital Markets on Monday, December 7 with “Outperform”. Zacks downgraded General Mills, Inc. (NYSE:GIS) on Friday, August 28 to “Hold” rating. The company was maintained on Thursday, July 14 by Morgan Stanley. On Monday, April 11 the stock rating was maintained by Citigroup with “Buy”. The firm has “Sell” rating by Goldman Sachs given on Thursday, June 30. As per Thursday, March 24, the company rating was maintained by JP Morgan. RBC Capital Markets upgraded the shares of GIS in a report on Tuesday, July 21 to “Outperform” rating. UBS maintained the shares of GIS in a report on Thursday, September 22 with “Neutral” rating.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.17, from 1.14 in 2016Q1. The ratio turned negative, as 43 funds sold all General Mills, Inc. shares owned while 405 reduced positions. 80 funds bought stakes while 353 increased positions. They now own 408.16 million shares or 3.12% less from 421.30 million shares in 2016Q1.
Schroder Invest Group last reported 0.55% of its portfolio in the stock. Hudock Cap has 45 shares for 0% of their US portfolio. Lord Abbett And Commerce Limited Liability last reported 0.04% of its portfolio in the stock. Madison Inv has 0.29% invested in the company for 193,971 shares. Tokio Marine Asset Mgmt Com Ltd has invested 0.24% of its portfolio in General Mills, Inc. (NYSE:GIS). Culbertson A N And owns 46,451 shares or 1.23% of their US portfolio. Willis Counsel accumulated 0.85% or 140,600 shares. British Columbia Invest owns 386,708 shares or 0.24% of their US portfolio. Acadian Asset Mngmt Ltd Llc has 0.61% invested in the company for 1.67 million shares. Federated Invsts Pa owns 5.78M shares or 1.2% of their US portfolio. Northstar Gp holds 0.59% of its portfolio in General Mills, Inc. (NYSE:GIS) for 11,130 shares. Argent Trust owns 5,552 shares or 0.12% of their US portfolio. Newfocus Financial Gru Llc has 2.13% invested in the company for 40,332 shares. Farmers & Merchants has 0.5% invested in the company for 62,934 shares. Davidson Garrard last reported 0.09% of its portfolio in the stock.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 9 sales for $24.27 million net activity. HARMENING JEFFREY L sold $2.36M worth of stock or 33,150 shares. 83,850 General Mills, Inc. (NYSE:GIS) shares with value of $6.03 million were sold by Erickson Peter C. 10,000 shares were sold by ROSE MICHAEL D, worth $723,226. Mulligan Donal L sold $2.96M worth of stock. Another trade for 13,556 shares valued at $971,910 was made by TERRELL DOROTHY A on Friday, July 1. Another trade for 99,373 shares valued at $7.07M was made by Church John R on Friday, August 12. 27,890 shares were sold by Young Jerald A, worth $2.01M on Friday, July 15.

More recent General Mills, Inc. (NYSE:GIS) news were published by: Reuters.com which released: “BRIEF-General Mills announces anticipated departure of Christopher O’Leary” on October 12, 2016. Also Wsj.com published the news titled: “General Mills Profit Falls” on September 21, 2016. Streetinsider.com‘s news article titled: “Form 8-K GENERAL MILLS INC For: Oct 07” with publication date: October 12, 2016 was also an interesting one.

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.

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