Philadelphia Trust Company Holding in General Mills (GIS) Increased by $7.29 Million as Market Valuation Rose

September 30, 2018 - By Victoria Pittman

General Mills, Inc. (NYSE:GIS) LogoInvestors sentiment increased to 1.08 in Q2 2018. Its up 0.24, from 0.84 in 2018Q1. It improved, as 60 investors sold GIS 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. 14,701 are owned by Eastern Bancshares. Raymond James Advisors Inc has 351,263 shares. Accredited Invsts Inc reported 2.17% stake. Stifel owns 2.73M shares for 0.37% of their portfolio. Cleararc Inc holds 0.09% in General Mills, Inc. (NYSE:GIS) or 15,157 shares. Parkside Bancorporation And Tru has 0.08% invested in General Mills, Inc. (NYSE:GIS). Westpac Banking Corp reported 152,520 shares stake. 16,718 were reported by Personal Capital Corporation. Massmutual Fsb Adv holds 0% or 749 shares in its portfolio. Kidder Stephen W stated it has 11,800 shares or 0.2% of all its holdings. Parametric Port Assoc Llc has invested 0.08% of its portfolio in General Mills, Inc. (NYSE:GIS). Gideon Capital Advsrs Incorporated invested 0.49% in General Mills, Inc. (NYSE:GIS). Mcmillion Capital Management has 0.12% invested in General Mills, Inc. (NYSE:GIS) for 4,752 shares. Strategic Limited Liability Company has 0.27% invested in General Mills, Inc. (NYSE:GIS). Duncker Streett And has 3,912 shares for 0.04% of their portfolio.

Since May 23, 2018, it had 2 insider purchases, and 4 insider sales for $4.38 million activity. 13,204 shares valued at $604,321 were sold by MILLER HEIDI on Tuesday, July 31. Williams-Roll Jacqueline sold $105,919 worth of stock or 2,450 shares. HARMENING JEFFREY L bought $253,108 worth of stock or 6,000 shares. 1,000 shares valued at $47,370 were bought by SASTRE MARIA on Monday, August 20. Shares for $3.74 million were sold by OGrady Shawn P on Thursday, June 28.

Philadelphia Trust Company increased its stake in General Mills (GIS) by 65.19% based on its latest 2018Q2 regulatory filing with the SEC. Philadelphia Trust Company bought 165,613 shares as the company’s stock rose 6.48% with the market. The institutional investor held 419,664 shares of the consumer non-durables company at the end of 2018Q2, valued at $18.57M, up from 254,051 at the end of the previous reported quarter. Philadelphia Trust Company who had been investing in General Mills for a number of months, seems to be bullish on the $25.59B market cap company. The stock decreased 0.26% or $0.11 during the last trading session, reaching $42.92. About 4.95 million shares traded or 8.39% up from the average. General Mills, Inc. (NYSE:GIS) has declined 14.49% since September 30, 2017 and is downtrending. It has underperformed by 30.11% the S&P500.

Philadelphia Trust Company, which manages about $1.12B US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 53,240 shares to 412,971 shares, valued at $40.72M in 2018Q2, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 21,124 shares in the quarter, leaving it with 170,183 shares, and cut its stake in Nvidia Corp (NASDAQ:NVDA).

More notable recent General Mills, Inc. (NYSE:GIS) news were published by: Seekingalpha.com which released: “General Mills: Fairly Valued, But Financially Unstable” on September 13, 2018, also Nasdaq.com with their article: “3 Stocks to Buy and Hold for the Next 50 Years” published on September 29, 2018, Gurufocus.com published: “Stocks That Fell to 3-Year Lows in the Week of Sept. 28” on September 30, 2018. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: Seekingalpha.com and their article: “General Mills’ Path Back To Fair Value” published on September 03, 2018 as well as Finance.Yahoo.com‘s news article titled: “Should You Worry About The General Mills Inc’s (NYSE:GIS) Shareholder Register?” with publication date: September 18, 2018.

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 firm earned “Buy” rating on Friday, June 29 by Citigroup. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, May 16. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, September 17. Wells Fargo maintained the shares of GIS in report on Wednesday, June 27 with “Buy” rating.

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

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