General Mills, Inc. (GIS) has seen substantial activity in the market recently. Ameriprise Financial and Family Management Corp increased their stakes, purchasing 2,341,137 and 52,940 shares respectively. Similarly, Bridgefront Capital LLC and Voleon Capital Management LP made significant investments in GIS. Meanwhile, Aptus Capital Advisors LLC and Captrust Financial Advisors raised their holdings. On the downside, Citi lowered the price target to $56, and Baird Financial Group Inc. and AQR Capital Management LLC sold off shares. Analysts have signaled mixed sentiments for the defensive dividend stock, wondering if slowing snacking trends could affect GIS's status as a top buy-the-dip choice. Some predict the stock's potential downside earnings are not yet accounted for. However, GIS has also seen bullish options activity. Jim Cramer flipped his outlook on GIS, suggesting it's a buy at $59. Despite significant share sales over the past six months, the company's portfolio power, increased by strategic innovations like its pet food acquisition, remains strong. Investors are looking forward to GIS's Q3 earnings report, with some suggestive of a rebound despite the company cutting its fiscal 2025 guidance. Several analysts have conflicting sentiments on GIS, with some suggesting it’s among the best defensive dividend stocks to buy now.
General Mills GIS News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Sat, 10 May 2025 22:20:02 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -1
