General Mills, Inc.’s Trend Up, Especially After This Options Activity

 General Mills, Inc.'s Trend Up, Especially After This Options Activity

In today’s session General Mills, Inc. (GIS) registered an unusually high (511) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious GIS increase. With 511 contracts traded and 1504 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: GIS170421C00062500 closed last at: $2.2 or 2.3% up. About 758,072 shares traded hands. General Mills, Inc. (NYSE:GIS) has declined 2.03% since March 29, 2016 and is downtrending. It has underperformed by 5.51% 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 5.59% above today’s ($61.92) stock price. General Mills Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of General Mills, Inc. (NYSE:GIS) earned “Outperform” rating by RBC Capital Markets on Tuesday, July 21. The firm has “Sell” rating given on Thursday, June 30 by Goldman Sachs. The stock of General Mills, Inc. (NYSE:GIS) has “Neutral” rating given on Thursday, March 24 by JP Morgan. The stock of General Mills, Inc. (NYSE:GIS) has “Neutral” rating given on Thursday, March 24 by Goldman Sachs. The firm earned “Sell” rating on Tuesday, May 24 by Goldman Sachs. The rating was maintained by UBS on Thursday, September 22 with “Neutral”. The rating was initiated by Susquehanna with “Neutral” on Monday, October 26. The rating was maintained by Citigroup on Thursday, March 24 with “Buy”. The stock of General Mills, Inc. (NYSE:GIS) earned “Equalweight” rating by Morgan Stanley on Thursday, July 14. As per Tuesday, December 1, the company rating was reinitiated by Goldman Sachs.

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 2016 Q2. Its down 0.17, from 1.14 in 2016Q1. The ratio worsened, 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.
Ar Schmeidler & Communication Inc accumulated 46,602 shares or 0.74% of the stock. Laurion Management L P accumulated 0.05% or 43,300 shares. Davidson & Garrard accumulated 5,114 shares or 0.09% of the stock. Callahan Advsr Lc holds 1.23% of its portfolio in General Mills, Inc. (NYSE:GIS) for 65,793 shares. The Illinois-based Private Natl Bank Trust has invested 0.1% in General Mills, Inc. (NYSE:GIS). Raymond James Tru Na accumulated 73,489 shares or 0.44% of the stock. Moreover, Baxter Bros has 0.24% invested in General Mills, Inc. (NYSE:GIS) for 9,540 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma last reported 0.13% of its portfolio in the stock. Cutter And Brokerage has invested 0.21% of its portfolio in General Mills, Inc. (NYSE:GIS). Teachers Insurance Annuity Association Of America owns 129,800 shares or 0.41% of their US portfolio. The Colorado-based Denver Inv Ltd Liability Com has invested 0.53% in General Mills, Inc. (NYSE:GIS). Two Sigma Securities Limited Company holds 23,616 shares or 0.92% of its portfolio. Raymond James Svcs Advsr holds 350,025 shares or 0.24% of its portfolio. The New York-based Indexiq Advisors Ltd Liability Corporation has invested 0.18% in General Mills, Inc. (NYSE:GIS). The Massachusetts-based Trillium Asset Management Ltd Company has invested 0.12% in General Mills, Inc. (NYSE:GIS).

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 9 sales for $24.27 million net activity. ROSE MICHAEL D also sold $723,226 worth of General Mills, Inc. (NYSE:GIS) shares. Young Jerald A had sold 27,890 shares worth $2.01M. Another trade for 33,150 shares valued at $2.36M was made by HARMENING JEFFREY L on Wednesday, August 10. Danos Paul sold $1.43M worth of stock. Mulligan Donal L also sold $2.96 million worth of General Mills, Inc. (NYSE:GIS) on Thursday, May 12. Church John R sold $7.07M worth of stock or 99,373 shares. 83,850 shares were sold by Erickson Peter C, worth $6.03M on Friday, July 1.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $37.19 billion. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has a 22.53 P/E ratio. The Firm has three divisions: U.S.

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.

More important recent General Mills, Inc. (NYSE:GIS) news were published by: Foxbusiness.com which released: “General Mills milks Girl Scout Cookie popularity with cereal” on October 24, 2016, also Foodbusinessnews.net published article titled: “General Mills goes to work on E. coli prevention”, Startribune.com published: “General Mills taps into the ingenuity of start-up companies” on October 15, 2016. More interesting news about General Mills, Inc. (NYSE:GIS) was released by: Seekingalpha.com and their article: “Food sector valuation check from Susquehanna after M&A buzz” with publication date: October 31, 2016.

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