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General Mills Inc (NYSE:GIS) Institutional Investors Sentiment Unchanged in 2017 Q2

December 11, 2017 - By Adrian Mccoy

 General Mills Inc (NYSE:GIS) Institutional Investors Sentiment Unchanged in  2017 Q2

Sentiment for General Mills Inc (NYSE:GIS)

General Mills Inc (NYSE:GIS) institutional sentiment increased to 1 in Q2 2017. Its up 0.10, from 0.9 in 2017Q1. The ratio is more positive, as 437 investment managers increased or started new stock positions, while 436 cut down and sold their equity positions in General Mills Inc. The investment managers in our partner’s database reported: 389.74 million shares, down from 391.76 million shares in 2017Q1. Also, the number of investment managers holding General Mills Inc in their top 10 stock positions decreased from 10 to 6 for a decrease of 4. Sold All: 73 Reduced: 363 Increased: 344 New Position: 93.

General Mills, Inc. manufactures and markets branded consumer foods in the United States. The company has market cap of $31.51 billion. The firm operates in four divisions: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It has a 19.86 P/E ratio. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, shelf stable and frozen vegetables, and ice cream and frozen desserts, as well as grain, fruit and savory snacks; and various organic products, including nutrition bars, meal kits, salty snacks, and ready-to-eat cereal.

The stock decreased 0.73% or $0.406 during the last trading session, reaching $55.434. About 1.48M shares traded. General Mills, Inc. (NYSE:GIS) has declined 10.63% since December 11, 2016 and is downtrending. It has underperformed by 27.33% the S&P500.

Analysts await General Mills, Inc. (NYSE:GIS) to report earnings on December, 19. They expect $0.82 EPS, down 3.53 % or $0.03 from last year’s $0.85 per share. GIS’s profit will be $466.03M for 16.90 P/E if the $0.82 EPS becomes a reality. After $0.71 actual EPS reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts 15.49 % EPS growth.

Montgomery Investment Management Inc holds 7.07% of its portfolio in General Mills, Inc. for 278,890 shares. Cincinnati Indemnity Co owns 26,000 shares or 5.82% of their US portfolio. Moreover, Cincinnati Casualty Co has 4.04% invested in the company for 82,000 shares. The Pennsylvania-based Symons Capital Management Inc has invested 3.92% in the stock. Nepsis Capital Management Inc., a Minnesota-based fund reported 122,622 shares.#img1#

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

Ratings analysis reveals 5% of General Mills Inc.’s analysts are positive. Out of 22 Wall Street analysts rating General Mills Inc., 1 give it “Buy”, 5 “Sell” rating, while 16 recommend “Hold”. The lowest target is $52 while the high is $73. The stock’s average target of $57.39 is 3.53% above today’s ($55.434) share price. GIS was included in 59 notes of analysts from July 21, 2015. As per Thursday, June 30, the company rating was maintained by RBC Capital Markets. The firm has “Equal Weight” rating by Barclays Capital given on Wednesday, December 21. The company was maintained on Sunday, June 25 by Susquehanna. As per Wednesday, February 24, the company rating was initiated by UBS. The firm earned “Hold” rating on Wednesday, June 21 by UBS. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, September 18 report. The firm earned “Sector Perform” rating on Thursday, December 15 by RBC Capital Markets. Bernstein downgraded the shares of GIS in report on Tuesday, March 21 to “Underperform” rating. UBS maintained the stock with “Neutral” rating in Thursday, September 22 report. The stock of General Mills, Inc. (NYSE:GIS) has “Hold” rating given on Wednesday, September 6 by BMO Capital Markets.

More notable recent General Mills, Inc. (NYSE:GIS) news were published by: Bizjournals.com which released: “General Mills will close Minneapolis R&D lab, move staff to headquarters” on December 04, 2017, also Seekingalpha.com with their article: “General Mills Under Pressure: Will It Yield A Diamond Or Just Coal Dust?” published on November 27, 2017, Seekingalpha.com published: “Will General Mills Be Acquired By Nestle?” on November 22, 2017. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: Usnews.com and their article: “Bakers, Farmers Struggle to Make Any Dough on Poor Wheat Crop” published on December 11, 2017 as well as Bizjournals.com‘s news article titled: “Carla Vernon, president of Annie’s at General Mills, on what consumers want …” with publication date: November 28, 2017.

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