Price Action To Observe: What Will Happen to General Mills, Inc. Next? The Stock Just Increased A Lot

Price Action To Observe: What Will Happen to General Mills, Inc. Next? The Stock Just Increased A Lot

The stock of General Mills, Inc. (NYSE:GIS) is a huge mover today! About 2.08 million shares traded hands. General Mills, Inc. (NYSE:GIS) has declined 5.65% since April 5, 2016 and is downtrending. It has underperformed by 7.60% the S&P500.
The move comes after 8 months positive chart setup for the $38.31 billion company. It was reported on Nov, 8 by Barchart.com. We have $95.96 PT which if reached, will make NYSE:GIS worth $19.54B more.

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. General Mills Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, December 7 by RBC Capital Markets. Citigroup maintained General Mills, Inc. (NYSE:GIS) rating on Monday, April 11. Citigroup has “Buy” rating and $72 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, June 17 report. The company was maintained on Thursday, July 14 by Morgan Stanley. The stock of General Mills, Inc. (NYSE:GIS) earned “Neutral” rating by Goldman Sachs on Tuesday, December 1. On Thursday, June 30 the stock rating was maintained by Goldman Sachs with “Sell”. The firm has “Sell” rating by Goldman Sachs given on Tuesday, May 24. The rating was maintained by RBC Capital Markets on Thursday, June 30 with “Outperform”. The stock of General Mills, Inc. (NYSE:GIS) earned “Neutral” rating by UBS on Wednesday, February 24. The stock of General Mills, Inc. (NYSE:GIS) has “Outperform” rating given on Tuesday, July 21 by RBC Capital Markets.

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 dived, 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.
Bancorp Of Nova Scotia has 0% invested in the company for 11,857 shares. James Investment Research has 44 shares for 0% of their US portfolio. Bailard, a California-based fund reported 51,779 shares. American Bancorp last reported 0.11% of its portfolio in the stock. Chevy Chase accumulated 777,882 shares or 0.31% of the stock. Ent Fin Ser accumulated 14,112 shares or 0.59% of the stock. Northstar Gp has 0.59% invested in the company for 11,130 shares. At Fincl Bank holds 0.09% or 8,108 shares in its portfolio. Cibc Asset Mgmt has invested 0.18% of its portfolio in General Mills, Inc. (NYSE:GIS). The Ohio-based Bahl Gaynor Inc has invested 0.15% in General Mills, Inc. (NYSE:GIS). Hanson And Doremus Invest Mngmt holds 0.06% of its portfolio in General Mills, Inc. (NYSE:GIS) for 1,866 shares. Bollard Gp Limited Liability holds 39,498 shares or 0.19% of its portfolio. Moreover, Mufg Americas Holding Corporation has 0.23% invested in General Mills, Inc. (NYSE:GIS) for 93,090 shares. West Chester Cap Incorporated, a Pennsylvania-based fund reported 13,095 shares. Banque Pictet & Cie Sa holds 0.02% or 10,500 shares in its portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 8 sales for $21.30 million net activity. On Wednesday, August 10 HARMENING JEFFREY L sold $2.36M worth of the stock or 33,150 shares. TERRELL DOROTHY A had sold 13,556 shares worth $971,910. $723,226 worth of General Mills, Inc. (NYSE:GIS) was sold by ROSE MICHAEL D on Tuesday, July 5. Erickson Peter C sold $6.03M worth of stock or 83,850 shares. Shares for $7.07M were sold by Church John R. On Friday, July 15 Young Jerald A sold $2.01M worth of the stock or 27,890 shares. Mulligan Donal L also sold $2.96M worth of General Mills, Inc. (NYSE:GIS) shares.

More news for General Mills, Inc. (NYSE:GIS) were recently published by: Usnews.com, which released: “General Mills, Inc. Is Coming Out With Girl Scout Cookie Cereal (GIS)” on October 24, 2016. Bizjournals.com‘s article titled: “General Mills looks to increase cereal sales among Latino families” and published on October 31, 2016 is yet another important article.

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.

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