General Mills Inc (NYSE:GIS): Institutional Investors Are Worried

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Sentiment for General Mills Inc (NYSE:GIS)

General Mills Inc (NYSE:GIS) institutional sentiment decreased to 0.99 in 2019 Q2. Its down -0.40, from 1.39 in 2019Q1. The ratio dropped, as 387 investment professionals started new or increased holdings, while 392 decreased and sold holdings in General Mills Inc. The investment professionals in our partner’s database now possess: 398.53 million shares, down from 404.12 million shares in 2019Q1. Also, the number of investment professionals holding General Mills Inc in their top 10 holdings decreased from 13 to 10 for a decrease of 3. Sold All: 43 Reduced: 349 Increased: 287 New Position: 100.

General Mills, Inc. manufactures and markets branded consumer foods in the United States. The company has market cap of $32.57 billion. The firm operates in four divisions: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It has a 18.61 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.

The stock decreased 0.22% or $0.12 during the last trading session, reaching $53.97. About 2.83M shares traded. General Mills, Inc. (NYSE:GIS) has risen 15.66% since September 13, 2018 and is uptrending. It has outperformed by 15.66% the S&P500.

Analysts await General Mills, Inc. (NYSE:GIS) to report earnings on September, 18 before the open. They expect $0.77 earnings per share, up 8.45 % or $0.06 from last year’s $0.71 per share. GIS’s profit will be $464.68 million for 17.52 P/E if the $0.77 EPS becomes a reality. After $0.83 actual earnings per share reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts -7.23 % negative EPS growth.

Harvest Capital Strategies Llc holds 6.57% of its portfolio in General Mills, Inc. for 90,000 shares. Montgomery Investment Management Inc owns 275,440 shares or 6.33% of their US portfolio. Moreover, Mcclain Value Management Llc has 6.26% invested in the company for 93,252 shares. The Maine-based Bar Harbor Trust Services has invested 5.01% in the stock. Keystone Financial Planning Inc., a Ohio-based fund reported 119,805 shares.

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

Ratings analysis reveals 45% of General Mills’s analysts are positive. Out of 11 Wall Street analysts rating General Mills, 5 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $4800 while the high is $60. The stock’s average target of $52.67 is -2.41% below today’s ($53.97) share price. GIS was included in 20 notes of analysts from March 14, 2019. The stock of General Mills, Inc. (NYSE:GIS) earned “Buy” rating by Wells Fargo on Friday, March 22. The company was upgraded on Thursday, March 14 by Deutsche Bank. On Thursday, March 21 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Hold” rating by Barclays Capital given on Thursday, March 21. The stock of General Mills, Inc. (NYSE:GIS) has “Buy” rating given on Thursday, March 21 by Citigroup. The stock of General Mills, Inc. (NYSE:GIS) has “Hold” rating given on Thursday, March 21 by UBS. The stock of General Mills, Inc. (NYSE:GIS) has “Buy” rating given on Thursday, March 21 by Guggenheim. The stock of General Mills, Inc. (NYSE:GIS) has “Hold” rating given on Thursday, March 21 by Bank of America. The rating was maintained by Credit Suisse on Thursday, March 21 with “Neutral”. The stock has “Buy” rating by Jefferies on Wednesday, March 20.

More notable recent General Mills, Inc. (NYSE:GIS) news were published by: Finance.Yahoo.com which released: “General Mills, Inc. (NYSE:GIS) Delivered A Better ROE Than Its Industry – Yahoo Finance” on September 06, 2019, also Fool.com with their article: “What Investors Should Expect When General Mills Reports Earnings – The Motley Fool” published on September 12, 2019, Finance.Yahoo.com published: “What Should You Know About The Future Of General Mills, Inc.’s (NYSE:GIS)? – Yahoo Finance” on July 18, 2019. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: Fool.com and their article: “Should You Buy or Sell Kraft Heinz Right Now? – Motley Fool” published on September 03, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did You Manage To Avoid General Mills’s (NYSE:GIS) 21% Share Price Drop? – Yahoo Finance” with publication date: June 11, 2019.

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

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