Goldman May Have Gained Confidence in General Mills (NYSE:GIS), Upgrades Stock

May 17, 2018 - By Ellis Scott

General Mills, Inc. (NYSE:GIS) Logo

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.05, from 0.84 in 2017Q3. It improved, as 56 investors sold General Mills, Inc. shares while 388 reduced holdings. 107 funds opened positions while 288 raised stakes. 405.24 million shares or 0.97% more from 401.33 million shares in 2017Q3 were reported.

Albert D Mason holds 21,240 shares or 0.95% of its portfolio. Webster Financial Bank N A stated it has 6,411 shares. Moreover, Utah Retirement System has 0.13% invested in General Mills, Inc. (NYSE:GIS) for 105,744 shares. Greatmark Prtnrs accumulated 33,336 shares or 0.72% of the stock. Rampart Inv Mgmt Communication Limited Liability Corporation reported 7,082 shares or 0.16% of all its holdings. Louisiana State Employees Retirement Systems has invested 0.09% in General Mills, Inc. (NYSE:GIS). The New York-based Rockefeller Financial Services has invested 0.02% in General Mills, Inc. (NYSE:GIS). Fincl holds 13,461 shares or 0.39% of its portfolio. Gamble Jones Inv Counsel invested in 0.07% or 12,546 shares. Victory Capital Mngmt Inc holds 0.03% of its portfolio in General Mills, Inc. (NYSE:GIS) for 207,573 shares. Amica Mutual Insurance accumulated 25,189 shares. Amf Pensionsforsakring Ab has 85,102 shares for 0.05% of their portfolio. Davis R M Inc accumulated 0.01% or 3,795 shares. Ifc Fl reported 14,164 shares. Lodestar Invest Counsel Limited Il holds 0.03% or 5,038 shares in its portfolio.

Since January 9, 2018, it had 0 insider buys, and 1 sale for $517,458 activity.

General Mills (NYSE:GIS) Stock Upgrade

In a report revealed to investors on Wednesday morning, stock research analysts at the equities division of Goldman increased their rating for shares of General Mills (NYSE:GIS) from a “Sell” to a solid “Neutral”. They now have a $47 target on GIS or a 9.18 % upside from the current share price.

General Mills, Inc. (NYSE:GIS) Ratings Coverage

Among 16 analysts covering General Mills (NYSE:GIS), 4 have Buy rating, 0 Sell and 12 Hold. Therefore 25% are positive. General Mills has $69 highest and $44.0 lowest target. $52.50’s average target is 21.95% above currents $43.05 stock price. General Mills had 25 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of General Mills, Inc. (NYSE:GIS) earned “Neutral” rating by UBS on Thursday, March 22. Citigroup maintained the stock with “Buy” rating in Tuesday, February 27 report. The stock of General Mills, Inc. (NYSE:GIS) earned “Hold” rating by Credit Suisse on Wednesday, March 28. The rating was downgraded by Societe Generale to “Sell” on Monday, February 26. Wells Fargo upgraded it to “Buy” rating and $63.0 target in Monday, December 18 report. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, December 21. On Sunday, February 25 the stock rating was maintained by Piper Jaffray with “Hold”. The firm has “Hold” rating by Piper Jaffray given on Wednesday, March 21. The firm has “Hold” rating by RBC Capital Markets given on Thursday, March 22. The stock of General Mills, Inc. (NYSE:GIS) has “Hold” rating given on Wednesday, February 21 by Credit Suisse.

The stock increased 1.32% or $0.56 during the last trading session, reaching $43.05. About 3.47M shares traded. General Mills, Inc. (NYSE:GIS) has declined 22.93% since May 17, 2017 and is downtrending. It has underperformed by 34.48% the S&P500.

Analysts await General Mills, Inc. (NYSE:GIS) to report earnings on June, 27. They expect $0.75 EPS, up 2.74 % or $0.02 from last year’s $0.73 per share. GIS’s profit will be $444.67 million for 14.35 P/E if the $0.75 EPS becomes a reality. After $0.79 actual EPS reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts -5.06 % negative EPS growth.

General Mills, Inc. manufactures and markets branded consumer foods in the United States. The company has market cap of $25.52 billion. The firm operates in four divisions: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It has a 11.52 P/E ratio. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, shelf stable and frozen vegetables, and ice cream and frozen desserts, as well as grain, fruit and savory snacks; and various organic products, including nutrition bars, meal kits, salty snacks, and ready-to-eat cereal.

More recent General Mills, Inc. (NYSE:GIS) news were published by: Seekingalpha.com which released: “General Mills: Valuation Too Low To Ignore” on May 13, 2018. Also Streetinsider.com published the news titled: “Goldman Sachs Reinstates General Mills (GIS) at Neutral” on May 16, 2018. Benzinga.com‘s news article titled: “Barron’s Picks And Pans: General Electric, General Mills, MLPs And More” with publication date: April 21, 2018 was also an interesting one.

General Mills, Inc. (NYSE:GIS) Institutional Positions Chart

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