As General Mills INC (GIS) Stock Value Declined, Shareholder Dearborn Partners LLC Trimmed Its Position

February 20, 2018 - By Vivian Currie

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.16, from 1 in 2017Q2. It dropped, as 81 investors sold GIS shares while 366 reduced holdings. 62 funds opened positions while 314 raised stakes. 401.33 million shares or 2.97% more from 389.74 million shares in 2017Q2 were reported. Albert D Mason owns 21,170 shares or 0.88% of their US portfolio. Bontempo Ohly Cap Mgmt Ltd reported 31,894 shares. Metropolitan Life Ins Ny has invested 0.09% in General Mills, Inc. (NYSE:GIS). Interocean Cap Ltd Limited Liability Company invested 0.19% of its portfolio in General Mills, Inc. (NYSE:GIS). Rock Point Advsr Limited Liability reported 4,990 shares. Blackrock reported 44.28 million shares stake. Cubist Systematic Strategies Llc holds 0.03% or 10,621 shares in its portfolio. 8,034 are held by Farmers Retail Bank. Moreover, Bank & Trust Of Nova Scotia has 0.03% invested in General Mills, Inc. (NYSE:GIS). Chesley Taft And Associates Lc, a Illinois-based fund reported 42,374 shares. 6,521 are owned by Sns Limited Liability Company. Cibc State Bank Usa stated it has 14,294 shares or 0.1% of all its holdings. Mai Capital Management reported 4,106 shares or 0.01% of all its holdings. The New York-based New York State Teachers Retirement System has invested 0.11% in General Mills, Inc. (NYSE:GIS). Sii Invests Inc Wi holds 0.04% or 13,652 shares in its portfolio.

Since January 9, 2018, it had 0 buys, and 1 insider sale for $517,458 activity.

Dearborn Partners Llc decreased its stake in General Mills Inc. (GIS) by 72.76% based on its latest 2017Q3 regulatory filing with the SEC. Dearborn Partners Llc sold 365,994 shares as the company’s stock declined 5.07% while stock markets rallied. The institutional investor held 137,042 shares of the consumer non-durables company at the end of 2017Q3, valued at $7.09 million, down from 503,036 at the end of the previous reported quarter. Dearborn Partners Llc who had been investing in General Mills Inc. for a number of months, seems to be less bullish one the $31.53 billion market cap company. The stock decreased 1.83% or $1.03 during the last trading session, reaching $55.4. About 274,156 shares traded. General Mills, Inc. (NYSE:GIS) has declined 10.63% since February 20, 2017 and is downtrending. It has underperformed by 27.33% the S&P500.

Dearborn Partners Llc, which manages about $1.48 billion and $1.36B US Long portfolio, upped its stake in Mccormick & Company Inc Non Vt (NYSE:MKC) by 53,061 shares to 101,454 shares, valued at $10.41 million in 2017Q3, according to the filing.

More notable recent General Mills, Inc. (NYSE:GIS) news were published by: Seekingalpha.com which released: “General Mills: A Reliable Dividend Machine” on February 19, 2018, also Gurufocus.com with their article: “Birmingham Capital Management Co Inc Buys General Mills Inc, Sells …” published on February 08, 2018, Seekingalpha.com published: “General Mills: It’s Boring, It’s Old And It’s Fairly Valued – Just What I Need …” on February 07, 2018. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: Time.com and their article: “Lucky Charms Just Added Another Kind of Marshmallow Because of Course What It …” published on February 20, 2018 as well as Seekingalpha.com‘s news article titled: “Should You Buy General Mills For The Dividend On This Dip?” with publication date: February 13, 2018.

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

Among 23 analysts covering General Mills Inc. (NYSE:GIS), 3 have Buy rating, 4 Sell and 16 Hold. Therefore 13% are positive. General Mills Inc. had 67 analyst reports since July 21, 2015 according to SRatingsIntel. JP Morgan maintained it with “Neutral” rating and $63 target in Thursday, March 24 report. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, June 30. The stock of General Mills, Inc. (NYSE:GIS) earned “Outperform” rating by RBC Capital Markets on Tuesday, July 21. The stock of General Mills, Inc. (NYSE:GIS) has “Underperform” rating given on Tuesday, March 21 by Bernstein. Susquehanna maintained the shares of GIS in report on Sunday, June 25 with “Hold” rating. The stock of General Mills, Inc. (NYSE:GIS) has “Neutral” rating given on Thursday, March 24 by Goldman Sachs. The stock of General Mills, Inc. (NYSE:GIS) has “Sector Perform” rating given on Thursday, June 29 by RBC Capital Markets. On Wednesday, February 14 the stock rating was upgraded by Jefferies to “Buy”. The firm has “Hold” rating given on Wednesday, February 15 by Deutsche Bank. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, December 21.

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