Time to Sell General Mills, Inc. After Today’s Option Traders Bearish Bets?

 Time to Sell General Mills, Inc. After Today's Option Traders Bearish Bets?

In today’s session General Mills, Inc. (GIS) recorded an unusually high (500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious GIS decrease. With 500 contracts traded and 13904 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: GIS170120P00052500 closed last at: $0.48 or 4% down. About 3.62M shares traded hands or 4.32% up from the average. General Mills, Inc. (NYSE:GIS) has risen 7.60% since March 1, 2016 and is uptrending. It has underperformed by 1.65% the S&P500.

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. $73 is the highest target while $56 is the lowest. The $65.38 average target is 3.94% above today’s ($62.9) stock price. General Mills Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, July 21. The stock has “Hold” rating given by Zacks on Friday, August 28. The firm has “Buy” rating by Citigroup given on Thursday, March 24. RBC Capital Markets maintained the shares of GIS in a report on Friday, June 17 with “Outperform” rating. On Monday, April 11 the stock rating was maintained by Citigroup with “Buy”. The stock has “Outperform” rating given by RBC Capital Markets on Monday, December 7. The stock of General Mills, Inc. (NYSE:GIS) earned “Neutral” rating by UBS on Thursday, September 22. As per Thursday, June 30, the company rating was maintained by RBC Capital Markets. Goldman Sachs maintained the stock with “Sell” rating in Thursday, June 30 report. As per Thursday, July 14, the company rating was maintained by Morgan Stanley.

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.
First Long Island Invsts Lc has 1.92% invested in the company for 158,896 shares. Euclid Advsr Ltd Liability has 70,656 shares for 0.22% of their US portfolio. Gateway Inv Advisers Limited Liability Corporation holds 0.03% or 46,725 shares in its portfolio. Pnc Fincl Svcs Gp holds 0.19% or 2.29M shares in its portfolio. Brighton Jones Ltd Limited Liability Company holds 2,939 shares or 0.04% of its portfolio. Moreover, Solaris Asset Mngmt Ltd Company has 0% invested in General Mills, Inc. (NYSE:GIS) for 40 shares. First Houston Capital last reported 1.04% of its portfolio in the stock. Covington Investment Advsrs owns 55,130 shares or 1.74% of their US portfolio. Federated Invsts Inc Pa accumulated 5.78 million shares or 1.2% of the stock. Amer Intl Gru Incorporated owns 468,806 shares or 0% of their US portfolio. Paragon Capital Limited reported 8,053 shares or 0.32% of all its holdings. Davidson Garrard Incorporated has 5,114 shares for 0.09% of their US portfolio. Mogy Joel R Inv Counsel has 10,200 shares for 0.13% of their US portfolio. Jane Street Gru Lc has invested 0.02% of its portfolio in General Mills, Inc. (NYSE:GIS). Provise Mgmt Limited Liability Co accumulated 50,081 shares or 0.66% of the stock.

Insider Transactions: Since April 5, 2016, the stock had 0 buys, and 9 selling transactions for $24.27 million net activity. On Thursday, August 18 ROSE MICHAEL D sold $711,149 worth of the stock or 10,000 shares. $2.96 million worth of General Mills, Inc. (NYSE:GIS) was sold by Mulligan Donal L on Thursday, May 12. TERRELL DOROTHY A sold $971,910 worth of stock or 13,556 shares. The insider HARMENING JEFFREY L sold $2.36M. Young Jerald A had sold 27,890 shares worth $2.01 million on Friday, July 15. Danos Paul had sold 20,000 shares worth $1.43M on Thursday, June 30. The insider Erickson Peter C sold 83,850 shares worth $6.03 million.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $37.29 billion. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has a 22.94 P/E ratio. The Firm has three divisions: U.S.

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