Is it Now Time For Investors to Consider Buying General Mills (GIS) Shares? Goldman Sachs Upgrades The Company

May 17, 2018 - By Kurt Siggers

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 is positive, 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.

Tiemann Invest Advisors Ltd Liability reported 10,962 shares. Arete Wealth Advisors Limited Co reported 8,057 shares. Perkins Coie holds 0.02% of its portfolio in General Mills, Inc. (NYSE:GIS) for 807 shares. Cypress Asset Management Tx invested in 16,650 shares. Sumitomo Life Insurance owns 13,077 shares. Barrett Asset Ltd Liability invested in 6,996 shares. Lazard Asset Mgmt Ltd Liability invested in 0% or 10,994 shares. Raymond James Trust Na reported 53,230 shares. Schroder Inv Mgmt Gp reported 3.60M shares. Ssi Investment Mgmt stated it has 0.02% in General Mills, Inc. (NYSE:GIS). Baystate Wealth Mgmt Ltd Company holds 0% in General Mills, Inc. (NYSE:GIS) or 280 shares. Stratos Wealth Prns Ltd reported 32,677 shares. Baskin Fincl Svcs owns 8,668 shares. Moreover, Cetera Advisors Lc has 0.06% invested in General Mills, Inc. (NYSE:GIS). Bar Harbor holds 11,375 shares or 0.36% of its portfolio.

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

General Mills (GIS) Stock Upgrade

Shares of General Mills (GIS) were boosted by investment analysts from Goldman Sachs from a “Sell” rating to a much more attractive “Neutral” rating in a research note sent to investors on Wednesday morning. Goldman Sachs from today has a $47.0 target price on shares, and their target price would indicate a possible upside of 10.61 %.

The stock increased 1.32% or $0.56 during the last trading session, reaching $43.05. About 3.47 million shares traded. General Mills, Inc. (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 earnings per share, up 2.74 % or $0.02 from last year’s $0.73 per share. GIS’s profit will be $444.67M for 14.35 P/E if the $0.75 EPS becomes a reality. After $0.79 actual earnings per share 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: Benzinga.com which released: “Barron’s Picks And Pans: General Electric, General Mills, MLPs And More” on April 21, 2018. Also Streetinsider.com published the news titled: “Goldman Sachs Reinstates General Mills (GIS) at Neutral” on May 16, 2018. Seekingalpha.com‘s news article titled: “General Mills: Valuation Too Low To Ignore” with publication date: May 13, 2018 was also an interesting one.

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

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