A Reversal for General Mills, Inc. Is Not Near. Professional Options Traders Are Bullish

 A Reversal for General Mills, Inc. Is Not Near. Professional Options Traders Are Bullish

In today’s session General Mills, Inc. (GIS) registered an unusually high (1,223) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious GIS increase. With 1,223 contracts traded and 39374 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: GIS170120C00067500 closed last at: $0.99 or 106.3% up. About 503,040 shares traded hands. General Mills, Inc. (NYSE:GIS) has declined 0.88% since April 8, 2016 and is downtrending. It has underperformed by 6.53% 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 7.00% above today’s ($61.1) stock price. General Mills Inc. has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, December 1 by Goldman Sachs. UBS maintained the stock with “Neutral” rating in Thursday, September 22 report. The rating was initiated by Susquehanna on Monday, October 26 with “Neutral”. The firm has “Neutral” rating given on Thursday, March 24 by Goldman Sachs. The firm has “Sell” rating given on Tuesday, May 24 by Goldman Sachs. The rating was downgraded by Consumer Edge on Tuesday, September 20 to “Underperform”. The company was maintained on Thursday, March 24 by JP Morgan. Stifel Nicolaus maintained the shares of GIS in a report on Thursday, March 24 with “Buy” rating. UBS initiated the shares of GIS in a report on Wednesday, February 24 with “Neutral” rating. Zacks downgraded the stock to “Hold” rating in Friday, August 28 report.

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.
Granite Inv accumulated 125,222 shares or 1.81% of the stock. Umb Comml Bank N A Mo has 0.12% invested in the company for 41,139 shares. Bank & Trust Of America De has 0.22% invested in the company for 13.02M shares. National Bank Of Hawaii has 0.73% invested in the company for 95,089 shares. Crestwood Limited Liability owns 5,626 shares or 0.05% of their US portfolio. Ntv Asset Mngmt Limited Liability Corporation accumulated 0.08% or 3,082 shares. Cipher Cap L P reported 13,874 shares or 0.07% of all its holdings. The Ontario – Canada-based Highstreet Asset Mgmt has invested 0.43% in General Mills, Inc. (NYSE:GIS). Gofen And Glossberg Ltd Liability Company Il holds 14,873 shares or 0.04% of its portfolio. Signaturefd Ltd Limited Liability Company last reported 0.02% of its portfolio in the stock. Bridgeway Cap Inc holds 0% or 3,200 shares in its portfolio. Country Club Communication Na, a Missouri-based fund reported 4,816 shares. The Ohio-based Private Trust Na has invested 0.15% in General Mills, Inc. (NYSE:GIS). Mckinley Carter Wealth last reported 3,837 shares in the company. Essex Fincl Service holds 0.32% of its portfolio in General Mills, Inc. (NYSE:GIS) for 18,613 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 8 insider sales for $21.30 million net activity. 45,968 shares were sold by Mulligan Donal L, worth $2.96M on Thursday, May 12. HARMENING JEFFREY L sold $2.36 million worth of General Mills, Inc. (NYSE:GIS) on Wednesday, August 10. 99,373 shares were sold by Church John R, worth $7.07 million on Friday, August 12. ROSE MICHAEL D sold $711,149 worth of General Mills, Inc. (NYSE:GIS) on Thursday, August 18. 83,850 shares were sold by Erickson Peter C, worth $6.03 million on Friday, July 1. Shares for $971,910 were sold by TERRELL DOROTHY A on Friday, July 1. Young Jerald A also sold $2.01M worth of General Mills, Inc. (NYSE:GIS) on Friday, July 15.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $35.58 billion. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has a 22.23 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: Seekingalpha.com which released: “General Mills: A Model Of Consistency” on November 09, 2016, also Usnews.com published article titled: “General Mills, Inc. Is Coming Out With Girl Scout Cookie Cereal (GIS)”, Prnewswire.com published: “General Mills Elects Alicia S. Boler Davis to Board of Directors” on November 07, 2016. More interesting news about General Mills, Inc. (NYSE:GIS) was released by: Bloomberg.com and their article: “3G Wants the Fat” with publication date: November 08, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment