General Mills (NYSE:GIS).
Tredje Ap-fonden says it raised its ownership in General Mills shares by 48.6% as reported in a filing on 11/15/2017. Its investment stood at $4,032,000 an increase of $1,128,000 according to the filing.
Tredje Ap-fonden isn’t the only one who has changed their investment in GIS. As of quarter end Great Lakes Advisors, LLC had disposed of 1,390 shares trimming its holdings by 8.3%. The value of the investment in (GIS) went from $930,000 to $796,000 a change of $134,000 for the reporting period. As of the end of the quarter Baird Financial Group, Inc. had sold a total of 65,963 shares trimming its position 59.7%. The value of the investment in General Mills decreased from $6,125,000 to $2,309,000 decreasing 62.3% since the last quarter.
As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought 4,131 shares growing its stake by 9.7%. The value of the total investment in General Mills went from $2,371,000 to $2,429,000 a change of 2.4% quarter over quarter.
Equity analyst Royal Bank Of Canada updated guidance on GIS stating a rating of “Hold” and a price target of $58.00.
Jefferies Group LLC released a research note on GIS giving it an initial rating of “Hold”. On October 17, 2017 Susquehanna Bancshares released research on GIS and giving a rating of “Hold” and projecting a price target of $56.00.
On October 4, 2017 Goldman Sachs Group, Inc. (The) kept a “Sell” rating on the company. On September 25 Credit Suisse Group maintained a stock rating of “Neutral” projecting a price of $53.00.
The company is down from yesterday’s close of 54.12. The P/E ratio is currently 18.87 and the market cap of the company is 29.95B. In the last earnings report the EPS was $2.79 with 568.34M shares now outstanding.
Investors are feeling more bearish lately if you put credence in the uptick in short interest. The firm saw a rise in short interest of 2.21% between October 13, 2017 and October 31, 2017. Short shares increased from 28,332,118 to 28,958,749 over that timeframe. The short-interest ratio decreased to 8.0 and the percentage of shorted shares is 0.05% as of October 31.