General Mills, Inc. (GIS)’s Stock Formed A Several Months Bullish Wedge Up

October 2, 2018 - By Peter Kolinski

General Mills, Inc. (NYSE:GIS) Logo

Investors sentiment increased to 1.08 in 2018 Q2. Its up 0.24, from 0.84 in 2018Q1. It is positive, as 60 investors sold General Mills, Inc. shares while 332 reduced holdings. 109 funds opened positions while 316 raised stakes. 407.46 million shares or 0.39% less from 409.04 million shares in 2018Q1 were reported.
First Interstate Comml Bank holds 471 shares or 0% of its portfolio. Mengis Cap Mgmt Inc holds 37,346 shares. Numerixs has invested 0.38% of its portfolio in General Mills, Inc. (NYSE:GIS). Amundi Pioneer Asset Mngmt Incorporated reported 0.11% stake. Amf Pensionsforsakring, a Sweden-based fund reported 395,404 shares. Piedmont Invest Advsr Limited Liability Corporation, North Carolina-based fund reported 26,662 shares. Natixis Advsrs L P has 0.07% invested in General Mills, Inc. (NYSE:GIS). Mirae Asset Global Investments Ltd, Korea-based fund reported 27,566 shares. Verition Fund Mngmt Lc reported 110,807 shares. Matrix Asset Advsr Ny holds 1.13% in General Mills, Inc. (NYSE:GIS) or 154,084 shares. Security State Bank Of Sioux City Iowa Ia, Iowa-based fund reported 22,328 shares. Capstone Invest Advsrs Lc owns 696 shares or 0% of their US portfolio. Reynders Mcveigh Capital Management Limited Com reported 0.1% stake. Viking Fund Management Limited Liability has invested 0.13% in General Mills, Inc. (NYSE:GIS). Sumitomo Mitsui Tru Holdings holds 1.78M shares.

Since May 23, 2018, it had 2 insider purchases, and 4 sales for $4.38 million activity. 1,000 shares valued at $47,370 were bought by SASTRE MARIA on Monday, August 20. Nudi Jonathon had sold 5,066 shares worth $225,155 on Monday, July 9. MILLER HEIDI also sold $604,321 worth of General Mills, Inc. (NYSE:GIS) shares. OGrady Shawn P sold $3.74M worth of stock or 82,244 shares. The insider HARMENING JEFFREY L bought 6,000 shares worth $253,108.

The stock of General Mills, Inc. (GIS) formed an up wedge with $45.11 target or 4.00 % above today’s $43.38 share price. The 9 months wedge indicates low risk for the $25.86B company. If the $45.11 price target is reached, the company will be worth $1.03 billion more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.65% or $0.705 during the last trading session, reaching $43.375. About 2.57 million shares traded. General Mills, Inc. (NYSE:GIS) has declined 14.49% since October 2, 2017 and is downtrending. It has underperformed by 30.11% the S&P500.

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

Among 5 analysts covering General Mills (NYSE:GIS), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. General Mills had 5 analyst reports since May 16, 2018 according to SRatingsIntel. The rating was reinitiated by Morgan Stanley on Monday, September 17 with “Equal-Weight”. Citigroup maintained it with “Buy” rating and $54 target in Friday, June 29 report. Goldman Sachs maintained General Mills, Inc. (NYSE:GIS) on Wednesday, May 16 with “Neutral” rating. The stock of General Mills, Inc. (NYSE:GIS) earned “Buy” rating by Wells Fargo on Wednesday, June 27.

More notable recent General Mills, Inc. (NYSE:GIS) news were published by: which released: “General Mills’ Path Back To Fair Value” on September 03, 2018, also with their article: “Has General Mills Hit Bottom?” published on October 01, 2018, published: “Report: Coke, Unilever on shortlist for GSK India nutrition unit bidding” on October 01, 2018. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: and their article: “Should You Worry About The General Mills Inc’s (NYSE:GIS) Shareholder Register?” published on September 18, 2018 as well as‘s news article titled: “General Mills: Fairly Valued, But Financially Unstable” with publication date: September 13, 2018.

General Mills, Inc. manufactures and markets branded consumer foods in the United States. The company has market cap of $25.86 billion. The firm operates in four divisions: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America. It has a 12.07 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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