Is General Mills (NYSE:GIS) a Stock One Should Buy Following Today’s Piper Jaffray Upgrade?

April 23, 2018 - By Peter Erickson

General Mills, Inc. (NYSE:GIS) Logo

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.05, from 0.84 in 2017Q3. It increased, 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.

Fulton Fincl Bank Na holds 0.18% or 42,612 shares in its portfolio. Court Place Ltd Liability holds 0.22% of its portfolio in General Mills, Inc. (NYSE:GIS) for 9,186 shares. Amalgamated Savings Bank has invested 0.12% in General Mills, Inc. (NYSE:GIS). Bartlett Ltd Com invested 0.01% of its portfolio in General Mills, Inc. (NYSE:GIS). Mathes Co has invested 0.11% in General Mills, Inc. (NYSE:GIS). Employees Retirement Systems Of Ohio accumulated 421,632 shares or 0.12% of the stock. Mitsubishi Ufj Secs Holding reported 0.01% in General Mills, Inc. (NYSE:GIS). Biltmore Wealth Management Ltd Liability Corp holds 0.33% of its portfolio in General Mills, Inc. (NYSE:GIS) for 6,213 shares. Amica Pension Fund Board Of Trustees reported 22,265 shares. Moreover, Corda Mgmt Ltd Company has 2.53% invested in General Mills, Inc. (NYSE:GIS). Great Lakes Advsr Ltd holds 0.02% of its portfolio in General Mills, Inc. (NYSE:GIS) for 13,362 shares. Schwab Charles Inv Mgmt Inc reported 3.09 million shares. Jensen Management Inc stated it has 12,620 shares. United Kingdom-based Gulf Bank (Uk) Ltd has invested 0.14% in General Mills, Inc. (NYSE:GIS). Robecosam Ag holds 0.06% or 15,573 shares.

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

General Mills (NYSE:GIS) Stock Upgrade

Piper Jaffray upgraded shares of General Mills (NYSE:GIS) to a solid Hold rating in an analyst note revealed to investors on 3 January. Analysts currently have a $63.0 PT set on the stock. This PT means a possible upside of 45.13 % from the previous close of the stock.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.05, from 0.84 in 2017Q3. It increased, 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.

Fulton Fincl Bank Na holds 0.18% or 42,612 shares in its portfolio. Court Place Ltd Liability holds 0.22% of its portfolio in General Mills, Inc. (NYSE:GIS) for 9,186 shares. Amalgamated Savings Bank has invested 0.12% in General Mills, Inc. (NYSE:GIS). Bartlett Ltd Com invested 0.01% of its portfolio in General Mills, Inc. (NYSE:GIS). Mathes Co has invested 0.11% in General Mills, Inc. (NYSE:GIS). Employees Retirement Systems Of Ohio accumulated 421,632 shares or 0.12% of the stock. Mitsubishi Ufj Secs Holding reported 0.01% in General Mills, Inc. (NYSE:GIS). Biltmore Wealth Management Ltd Liability Corp holds 0.33% of its portfolio in General Mills, Inc. (NYSE:GIS) for 6,213 shares. Amica Pension Fund Board Of Trustees reported 22,265 shares. Moreover, Corda Mgmt Ltd Company has 2.53% invested in General Mills, Inc. (NYSE:GIS). Great Lakes Advsr Ltd holds 0.02% of its portfolio in General Mills, Inc. (NYSE:GIS) for 13,362 shares. Schwab Charles Inv Mgmt Inc reported 3.09 million shares. Jensen Management Inc stated it has 12,620 shares. United Kingdom-based Gulf Bank (Uk) Ltd has invested 0.14% in General Mills, Inc. (NYSE:GIS). Robecosam Ag holds 0.06% or 15,573 shares.

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

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 20.94% above currents $43.41 stock price. General Mills had 27 analyst reports since November 1, 2017 according to SRatingsIntel. On Monday, December 18 the stock rating was upgraded by Wells Fargo to “Buy”. As per Wednesday, February 21, the company rating was maintained by Credit Suisse. As per Wednesday, November 1, the company rating was maintained by BMO Capital Markets. BMO Capital Markets maintained General Mills, Inc. (NYSE:GIS) rating on Wednesday, December 20. BMO Capital Markets has “Hold” rating and $60.0 target. The firm has “Neutral” rating given on Wednesday, March 14 by JP Morgan. Piper Jaffray maintained General Mills, Inc. (NYSE:GIS) rating on Tuesday, March 27. Piper Jaffray has “Hold” rating and $4700 target. The rating was downgraded by Societe Generale on Monday, February 26 to “Sell”. On Wednesday, January 3 the stock rating was upgraded by PiperJaffray to “Neutral”. The stock of General Mills, Inc. (NYSE:GIS) has “Hold” rating given on Thursday, December 21 by RBC Capital Markets. The company was upgraded on Friday, March 23 by Susquehanna.

The stock decreased 1.41% or $0.62 during the last trading session, reaching $43.41. About 5.46M shares traded. General Mills, Inc. (NYSE:GIS) has declined 22.93% since April 23, 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 $0.77 earnings per share, up 5.48 % or $0.04 from last year’s $0.73 per share. GIS’s profit will be $456.52M for 14.09 P/E if the $0.77 EPS becomes a reality. After $0.79 actual earnings per share reported by General Mills, Inc. for the previous quarter, Wall Street now forecasts -2.53 % negative EPS growth.

General Mills, Inc. manufactures and markets branded consumer foods in the United States. The company has market cap of $25.74 billion. The firm operates in four divisions: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It has a 11.61 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.

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

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