In today’s session General Mills, Inc. (GIS) registered an unusually high (306) 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 306 contracts traded and 8864 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: GIS170421C00062500 closed last at: $2.53 or 1.6% down. About 564,951 shares traded hands. General Mills, Inc. (NYSE:GIS) has risen 4.26% since April 21, 2016 and is uptrending. It has underperformed by 1.07% the S&P500.
Analysts await General Mills, Inc. (NYSE:GIS) to report earnings on December, 15. They expect $0.88 EPS, up 7.32% or $0.06 from last year’s $0.82 per share. GIS’s profit will be $529.28 million for 17.63 P/E if the $0.88 EPS becomes a reality. After $0.78 actual EPS reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts 12.82% EPS growth.
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 5.37% above today’s ($62.05) 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) has “Underperform” rating given on Tuesday, September 20 by Consumer Edge. The rating was reinitiated by Goldman Sachs on Tuesday, December 1 with “Neutral”. UBS maintained General Mills, Inc. (NYSE:GIS) on Thursday, September 22 with “Neutral” rating. The rating was maintained by RBC Capital Markets on Thursday, June 30 with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, December 7. Morgan Stanley maintained General Mills, Inc. (NYSE:GIS) on Thursday, July 14 with “Equalweight” rating. The stock of General Mills, Inc. (NYSE:GIS) has “Sell” rating given on Thursday, June 30 by Goldman Sachs. RBC Capital Markets maintained General Mills, Inc. (NYSE:GIS) rating on Friday, June 17. RBC Capital Markets has “Outperform” rating and $70 price target. The company was initiated on Monday, October 26 by Susquehanna. Zacks downgraded General Mills, Inc. (NYSE:GIS) on Friday, August 28 to “Hold” rating.
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 0.77 in Q2 2016. Its down 0.20, from 0.97 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.
Azimuth holds 0.06% of its portfolio in General Mills, Inc. (NYSE:GIS) for 9,465 shares. Swiss Comml Bank holds 0.37% or 3.24M shares in its portfolio. Axa holds 1.08 million shares or 0.34% of its portfolio. Herndon Cap Mngmt Limited Liability Corp has 0% invested in the company for 55 shares. Tower Rech Cap Llc (Trc) reported 4,874 shares or 0.03% of all its holdings. Caxton Assoc L P has 15,000 shares for 0.03% of their US portfolio. First City Mngmt Inc has 50,125 shares for 2.7% of their US portfolio. Fincl Management Pro Incorporated holds 0.01% of its portfolio in General Mills, Inc. (NYSE:GIS) for 276 shares. Clean Yield Grp holds 3,205 shares or 0.1% of its portfolio. Nuveen Asset Mgmt Limited Company has 38,433 shares for 0.02% of their US portfolio. Cullen Frost Bankers has 0.07% invested in the company for 26,633 shares. Cardinal Mgmt reported 66,008 shares or 1.91% of all its holdings. Iowa Fincl Bank last reported 1.29% of its portfolio in the stock. Smith Moore And Com accumulated 0.35% or 11,751 shares. Moreover, Somerset Group Limited Liability has 0.35% invested in General Mills, Inc. (NYSE:GIS) for 4,694 shares.
Insider Transactions: Since June 30, 2016, the stock had 0 insider buys, and 8 insider sales for $21.30 million net activity. ROSE MICHAEL D sold $711,149 worth of stock. Erickson Peter C sold $6.03 million worth of stock or 83,850 shares. Another trade for 27,890 shares valued at $2.01 million was sold by Young Jerald A. $2.36M worth of General Mills, Inc. (NYSE:GIS) was sold by HARMENING JEFFREY L. 13,556 shares with value of $971,910 were sold by TERRELL DOROTHY A on Friday, July 1. Danos Paul also sold $1.43M worth of General Mills, Inc. (NYSE:GIS) shares. 99,373 shares were sold by Church John R, worth $7.07 million on Friday, August 12.
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The company has a market cap of $37.32 billion. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It has a 22.58 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 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. Seekingalpha.com‘s article titled: “General Mills: A Model Of Consistency” and published on November 09, 2016 is yet another important article.
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