Holder Wilkins Investment Counsel Has Upped General Mills (GIS) Stake; Coca (KO) Holder Armstrong Henry H Associates Trimmed Position

January 13, 2018 - By Adrian Erickson

Wilkins Investment Counsel Inc increased its stake in General Mills (GIS) by 6.12% based on its latest 2017Q3 regulatory filing with the SEC. Wilkins Investment Counsel Inc bought 8,350 shares as the company’s stock declined 5.07% while stock markets rallied. The institutional investor held 144,875 shares of the consumer non-durables company at the end of 2017Q3, valued at $7.50 million, up from 136,525 at the end of the previous reported quarter. Wilkins Investment Counsel Inc who had been investing in General Mills for a number of months, seems to be bullish on the $32.92 billion market cap company. The stock decreased 0.41% or $0.24 during the last trading session, reaching $57.85. About 2.59 million shares traded. General Mills, Inc. (NYSE:GIS) has declined 10.63% since January 13, 2017 and is downtrending. It has underperformed by 27.33% the S&P500.

Armstrong Henry H Associates Inc decreased its stake in Coca (KO) by 3.75% based on its latest 2017Q3 regulatory filing with the SEC. Armstrong Henry H Associates Inc sold 10,140 shares as the company’s stock rose 6.48% with the market. The institutional investor held 260,546 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $11.73M, down from 270,686 at the end of the previous reported quarter. Armstrong Henry H Associates Inc who had been investing in Coca for a number of months, seems to be less bullish one the $196.63B market cap company. The stock increased 0.24% or $0.11 during the last trading session, reaching $46.15. About 14.57 million shares traded or 43.70% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since January 13, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Analysts await The Coca-Cola Company (NYSE:KO) to report earnings on February, 13 before the open. They expect $0.38 EPS, up 2.70% or $0.01 from last year’s $0.37 per share. KO’s profit will be $1.62 billion for 30.36 P/E if the $0.38 EPS becomes a reality. After $0.50 actual EPS reported by The Coca-Cola Company for the previous quarter, Wall Street now forecasts -24.00% negative EPS growth.

Since August 7, 2017, it had 0 insider buys, and 5 sales for $7.94 million activity. 26,470 shares valued at $1.21M were sold by LONG ROBERT EDWARD on Friday, August 11. The insider RIVERA ALFREDO sold 28,232 shares worth $1.30 million. Another trade for 100,000 shares valued at $4.61 million was sold by SMITH BRIAN JOHN. MANN JENNIFER K sold 8,819 shares worth $402,235.

Investors sentiment decreased to 0.8 in Q3 2017. Its down 0.14, from 0.94 in 2017Q2. It turned negative, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes. 2.73 billion shares or 0.93% more from 2.70 billion shares in 2017Q2 were reported. Moreover, First Commonwealth Financial Pa has 0.23% invested in The Coca-Cola Company (NYSE:KO). Keybank National Association Oh has 2.11M shares for 0.56% of their portfolio. Carlson Cap Mgmt has invested 0.08% in The Coca-Cola Company (NYSE:KO). Pitcairn Commerce holds 0.18% or 35,488 shares. The Illinois-based Premier Asset Ltd has invested 0.25% in The Coca-Cola Company (NYSE:KO). Patten Gp Inc accumulated 75,523 shares. Stewart And Patten Comm Ltd Liability Co stated it has 440,279 shares. Pacific Glob Invest Mngmt Commerce invested 0.86% in The Coca-Cola Company (NYSE:KO). Gilman Hill Asset Limited Liability Company invested in 6,017 shares or 0.11% of the stock. Assetmark reported 0% in The Coca-Cola Company (NYSE:KO). Punch & Inv Mngmt has invested 0.22% of its portfolio in The Coca-Cola Company (NYSE:KO). Churchill Management accumulated 397,333 shares or 0.44% of the stock. Iowa-based Iowa Savings Bank has invested 0.1% in The Coca-Cola Company (NYSE:KO). Mitchell Mcleod Pugh Williams holds 0.54% or 16,276 shares. California-based Capital Incorporated Ca has invested 0.23% in The Coca-Cola Company (NYSE:KO).

Armstrong Henry H Associates Inc, which manages about $460.14M and $555.74 million US Long portfolio, upped its stake in Air Products & Chemicals (NYSE:APD) by 2,055 shares to 25,730 shares, valued at $3.89 million in 2017Q3, according to the filing. It also increased its holding in Medtronic Plc (NYSE:MDT) by 21,060 shares in the quarter, for a total of 184,557 shares, and has risen its stake in Versum Materials Inc.

Among 21 analysts covering Coca-Cola (NYSE:KO), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Coca-Cola had 68 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital initiated The Coca-Cola Company (NYSE:KO) on Monday, January 9 with “Equal Weight” rating. The stock has “Hold” rating by Deutsche Bank on Tuesday, December 13. The rating was maintained by Morgan Stanley on Thursday, October 26 with “Equal-Weight”. The stock of The Coca-Cola Company (NYSE:KO) earned “Buy” rating by RBC Capital Markets on Friday, November 10. HSBC maintained it with “Buy” rating and $52 target in Wednesday, September 27 report. The company was maintained on Friday, October 6 by RBC Capital Markets. The firm has “Outperform” rating given on Thursday, October 26 by Credit Suisse. The firm earned “Market Perform” rating on Thursday, January 19 by Wells Fargo. The company was maintained on Wednesday, April 19 by Jefferies. The stock has “Buy” rating by UBS on Thursday, April 21.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.16, from 1 in 2017Q2. It turned negative, as 81 investors sold GIS shares while 366 reduced holdings. 62 funds opened positions while 314 raised stakes. 401.33 million shares or 2.97% more from 389.74 million shares in 2017Q2 were reported. Hartford Investment Communication owns 0.19% invested in General Mills, Inc. (NYSE:GIS) for 190,551 shares. Bangor Bank holds 8,952 shares. Davidson And Garrard Inc reported 0.06% of its portfolio in General Mills, Inc. (NYSE:GIS). Mackenzie Finance owns 0.14% invested in General Mills, Inc. (NYSE:GIS) for 511,518 shares. Vantage Invest Ltd has invested 0.01% of its portfolio in General Mills, Inc. (NYSE:GIS). Regions Fincl stated it has 0.12% of its portfolio in General Mills, Inc. (NYSE:GIS). The Mississippi-based Trustmark Natl Bank Department has invested 0.09% in General Mills, Inc. (NYSE:GIS). 1St Source Bank & Trust reported 40,160 shares stake. Denver Invest Limited Liability reported 24,453 shares or 0.06% of all its holdings. Moreover, Ledyard State Bank has 0.07% invested in General Mills, Inc. (NYSE:GIS). Gw Henssler Associate Ltd invested in 0.28% or 54,443 shares. Ls Invest Advsr Limited Liability Co reported 0.11% of its portfolio in General Mills, Inc. (NYSE:GIS). Ohio-based Winfield Assocs has invested 0.02% in General Mills, Inc. (NYSE:GIS). Thompson Davis And Inc invested in 0% or 17 shares. Spinnaker Tru holds 0.09% or 13,708 shares.

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

Among 23 analysts covering General Mills Inc. (NYSE:GIS), 2 have Buy rating, 4 Sell and 17 Hold. Therefore 9% are positive. General Mills Inc. had 66 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Market Perform” rating and $57 target in Thursday, September 21 report. The rating was maintained by Bank of America on Thursday, September 21 with “Neutral”. As per Thursday, March 24, the company rating was maintained by Citigroup. Wells Fargo maintained the shares of GIS in report on Friday, September 22 with “Market Perform” rating. UBS maintained the shares of GIS in report on Thursday, September 22 with “Neutral” rating. The rating was maintained by Stifel Nicolaus on Monday, September 18 with “Hold”. The firm earned “Outperform” rating on Thursday, June 30 by RBC Capital Markets. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, September 21. The rating was maintained by Morgan Stanley with “Hold” on Friday, June 23. Piper Jaffray maintained General Mills, Inc. (NYSE:GIS) rating on Wednesday, September 20. Piper Jaffray has “Sell” rating and $53.0 target.

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