The stock of General Mills, Inc. (NYSE:GIS) is a huge mover today! About 1.95 million shares traded hands. General Mills, Inc. (NYSE:GIS) has risen 1.90% since March 11, 2016 and is uptrending. It has underperformed by 3.56% the S&P500.
The move comes after 9 months negative chart setup for the $36.68B company. It was reported on Oct, 14 by Barchart.com. We have $56.36 PT which if reached, will make NYSE:GIS worth $3.30 billion less.
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. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, June 30 report. The firm earned “Outperform” rating on Tuesday, July 21 by RBC Capital Markets. The stock of General Mills, Inc. (NYSE:GIS) earned “Neutral” rating by Goldman Sachs on Thursday, March 24. The company was downgraded on Friday, August 28 by Zacks. Citigroup maintained it with “Buy” rating and $72 target price in Monday, April 11 report. The rating was maintained by RBC Capital Markets on Friday, June 17 with “Outperform”. Goldman Sachs reinitiated the stock with “Neutral” rating in Tuesday, December 1 report. On Monday, October 26 the stock rating was initiated by Susquehanna with “Neutral”. As per Thursday, March 24, the company rating was maintained by JP Morgan. On Monday, December 7 the stock rating was maintained by RBC Capital Markets with “Outperform”.
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 is 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.
The Massachusetts-based Ct Mason has invested 2.08% in General Mills, Inc. (NYSE:GIS). Nelson Roberts Inv Advisors Lc last reported 442 shares in the company. White Pine Capital Ltd Liability has 0.21% invested in the company for 6,860 shares. Rockland Trust Company holds 116,216 shares or 1.32% of its portfolio. The Texas-based Dimensional Fund Advsrs L P has invested 0.05% in General Mills, Inc. (NYSE:GIS). Regions accumulated 0.5% or 542,083 shares. Cutter Commerce Brokerage, a Missouri-based fund reported 7,015 shares. Nikko Asset Management Americas has 3,100 shares for 0.02% of their US portfolio. Joel Isaacson & Ltd Liability, a New York-based fund reported 6,155 shares. Cornerstone Management Holdg Ltd Llc last reported 0.1% of its portfolio in the stock. Jacobus Wealth Inc has 0.13% invested in the company for 6,200 shares. The Pennsylvania-based Girard has invested 0.82% in General Mills, Inc. (NYSE:GIS). Fmr Ltd Limited Liability Company last reported 2.13 million shares in the company. Moreover, Patriot Wealth has 1.59% invested in General Mills, Inc. (NYSE:GIS) for 112,877 shares. The California-based Btr Capital Mgmt Inc has invested 0.09% in General Mills, Inc. (NYSE:GIS).
Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 9 insider sales for $24.27 million net activity. On Friday, July 1 the insider TERRELL DOROTHY A sold $971,910. Danos Paul also sold $1.43M worth of General Mills, Inc. (NYSE:GIS) on Thursday, June 30. 10,000 shares with value of $723,226 were sold by ROSE MICHAEL D on Tuesday, July 5. The insider Church John R sold 99,373 shares worth $7.07M. Erickson Peter C sold $6.03 million worth of stock. Shares for $2.01 million were sold by Young Jerald A. $2.36 million worth of General Mills, Inc. (NYSE:GIS) was sold by HARMENING JEFFREY L.
More important recent General Mills, Inc. (NYSE:GIS) news were published by: Foodbusinessnews.net which released: “General Mills to expand nation’s oldest cereal plant” on October 13, 2016, also Wsj.com published article titled: “General Mills Profit Falls”, Reuters.com published: “BRIEF-General Mills announces anticipated departure of Christopher O’Leary” on October 12, 2016. More interesting news about General Mills, Inc. (NYSE:GIS) was released by: Twst.com and their article: “General Mills Inc.: Environmental leaders, Fortune 500 companies announce …” with publication date: October 13, 2016.
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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