General Mills, Inc. (GIS)’s Double Bottom Points to Higher Stock Risks

September 17, 2017 - By Adrian Mccoy

Investors sentiment increased to 0.84 in Q4 2016. Its up 0.07, from 0.77 in 2016Q3. It is positive, as 70 investors sold General Mills, Inc. shares while 405 reduced holdings. 78 funds opened positions while 323 raised stakes. 385.13 million shares or 2.63% less from 395.53 million shares in 2016Q3 were reported.
Park National Corp Oh invested in 217,068 shares. Finance Architects owns 32,779 shares or 0.48% of their US portfolio. Davidson And Garrard invested in 0.08% or 5,051 shares. 66,654 were accumulated by Richard C Young. Cfo4life Limited Partnership stated it has 0.19% of its portfolio in General Mills, Inc. (NYSE:GIS). Rocky Mountain Advisers Ltd Company accumulated 1,200 shares. Ipswich Inv Mngmt Inc invested in 10,266 shares. Great Lakes Ltd Liability Co accumulated 28,360 shares. Tci Wealth Advsr invested in 0.32% or 9,891 shares. Massmutual Trust Com Fsb Adv owns 403 shares or 0% of their US portfolio. Ridgeworth Cap Management Limited Liability, a Georgia-based fund reported 76,144 shares. The California-based Covington Capital has invested 0.06% in General Mills, Inc. (NYSE:GIS). Old Second Financial Bank Of Aurora invested in 3,435 shares. First Comml Bank Of Omaha has invested 0.02% in General Mills, Inc. (NYSE:GIS). Moreover, Brown Brothers Harriman has 0.05% invested in General Mills, Inc. (NYSE:GIS) for 154,074 shares.

The chart of General Mills, Inc. (GIS) shows a double bottom with $51.34 target or 8.00 % below today’s $55.80 share price. The 7 months chart pattern indicates high risk for the $31.99 billion company. It was reported on Sep, 17 by Finviz.com. If the $51.34 price target is reached, the company will be worth $2.56B less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.38% or $0.76 on September 15, reaching $55.8. About 4.35 million shares traded or 14.17% up from the average. General Mills, Inc. (NYSE:GIS) has declined 10.63% since September 17, 2016 and is downtrending. It has underperformed by 27.33% the S&P500.

Analysts expect General Mills, Inc. (NYSE:GIS) to report $0.77 EPS on September, 20 before the open.They anticipate $0.01 EPS change or 1.28 % from last quarter’s $0.78 EPS. GIS’s profit would be $441.44M giving it 18.12 P/E if the $0.77 EPS is correct. After having $0.73 EPS previously, General Mills, Inc.’s analysts see 5.48 % EPS growth.

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

Among 17 analysts covering General Mills Inc. (NYSE:GIS), 1 have Buy rating, 5 Sell and 11 Hold. Therefore 6% are positive. General Mills Inc. had 44 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, September 22, the company rating was maintained by UBS. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, December 7. RBC Capital Markets maintained the shares of GIS in report on Thursday, June 29 with “Sector Perform” rating. The stock of General Mills, Inc. (NYSE:GIS) has “Hold” rating given on Tuesday, September 5 by RBC Capital Markets. RBC Capital Markets downgraded General Mills, Inc. (NYSE:GIS) rating on Thursday, December 15. RBC Capital Markets has “Sector Perform” rating and $69 target. The firm earned “Outperform” rating on Friday, June 17 by RBC Capital Markets. The firm earned “Equalweight” rating on Thursday, July 14 by Morgan Stanley. Susquehanna maintained it with “Hold” rating and $5900 target in Sunday, June 25 report. UBS maintained the stock with “Hold” rating in Wednesday, June 21 report. The rating was downgraded by Bernstein on Tuesday, March 21 to “Underperform”.

More notable recent General Mills, Inc. (NYSE:GIS) news were published by: Foodbusinessnews.net which released: “General Mills sees three keys to top-line growth” on September 11, 2017, also Seekingalpha.com with their article: “General Mills: Buy For An Elevated Yield” published on September 05, 2017, Seekingalpha.com published: “Credit Suisse adjusts estimates on General Mills” on September 11, 2017. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: Thestreet.com and their article: “Adding Insult to Injury — Amazon Lowers the Boom on Big Food Like General Mills” published on August 25, 2017 as well as Foodbusinessnews.net‘s news article titled: “President of General Mills Foundation to retire” with publication date: September 06, 2017.

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