How Analysts Feel About General Mills, Inc. (GIS) After Forming Multiple Bottom Chart Pattern?

March 18, 2018 - By Michael Collier

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.16, from 1 in 2017Q2. It worsened, as 81 investors sold General Mills, Inc. shares while 366 reduced holdings. 62 funds opened positions while 314 raised stakes. 401.33 million shares or 2.97% more from 389.74 million shares in 2017Q2 were reported.
Moreover, First Interstate State Bank has 0.13% invested in General Mills, Inc. (NYSE:GIS). Moreover, Nippon Life Ins has 0.03% invested in General Mills, Inc. (NYSE:GIS). 4,321 are held by Alpha Windward. Marshwinds Advisory accumulated 5,086 shares or 0.12% of the stock. Dixon Hubard Feinour And Brown Va stated it has 0.26% in General Mills, Inc. (NYSE:GIS). Schroder Invest Mngmt Gp invested in 3.89M shares or 0.35% of the stock. Boston Family Office Lc accumulated 199,186 shares. Hl Fincl Services Ltd has invested 0.02% in General Mills, Inc. (NYSE:GIS). Bahl Gaynor Inc has 0.04% invested in General Mills, Inc. (NYSE:GIS) for 65,517 shares. Farr Miller Washington Ltd Dc, -based fund reported 6,986 shares. 85,640 are owned by Cape Cod Five Cents Financial Bank. Tealwood Asset Inc holds 0.18% of its portfolio in General Mills, Inc. (NYSE:GIS) for 9,820 shares. Kanawha Cap Management Ltd Liability Co has 6,554 shares. Westpac holds 0.12% or 102,853 shares. Pension Service accumulated 514,884 shares.

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

The stock of General Mills, Inc. (GIS) shows a multiple bottoms pattern with $48.47 target or 4.00 % below today’s $50.49 share price. The 7 months chart pattern indicates high risk for the $28.73B company. It was reported on Mar, 18 by If the $48.47 price target is reached, the company will be worth $1.15B less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.86% or $0.44 during the last trading session, reaching $50.49. About 8.46 million shares traded or 93.39% up from the average. General Mills, Inc. (NYSE:GIS) has declined 10.63% since March 18, 2017 and is downtrending. It has underperformed by 27.33% the S&P500.

Analysts await General Mills, Inc. (NYSE:GIS) to report earnings on March, 21 before the open. They expect $0.78 earnings per share, up 8.33 % or $0.06 from last year’s $0.72 per share. GIS’s profit will be $443.85M for 16.18 P/E if the $0.78 EPS becomes a reality. After $0.82 actual earnings per share reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts -4.88 % negative EPS growth.

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

Among 23 analysts covering General Mills Inc. (NYSE:GIS), 3 have Buy rating, 4 Sell and 16 Hold. Therefore 13% are positive. General Mills Inc. has $73 highest and $52 lowest target. $58.56’s average target is 15.98% above currents $50.49 stock price. General Mills Inc. had 72 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained General Mills, Inc. (NYSE:GIS) on Wednesday, August 2 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, December 7. The firm earned “Buy” rating on Monday, April 11 by Citigroup. The rating was maintained by Bank of America on Thursday, September 21 with “Neutral”. Bernstein downgraded the stock to “Underperform” rating in Tuesday, March 21 report. The stock has “Buy” rating by Jefferies on Wednesday, February 14. Goldman Sachs maintained it with “Sell” rating and $60 target in Thursday, June 30 report. The stock has “Neutral” rating by Goldman Sachs on Thursday, March 24. Societe Generale upgraded General Mills, Inc. (NYSE:GIS) on Wednesday, November 8 to “Hold” rating. Credit Suisse maintained the shares of GIS in report on Thursday, December 21 with “Hold” rating.

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