Indexiq Advisors Upped Holding in General Mls (GIS) by $2.80 Million; Amazon Com (AMZN) Valuation Rose While Gamble Jones Investment Counsel Boosted Holding by $2.02 Million

February 20, 2018 - By Michael Collier

Indexiq Advisors Llc increased its stake in General Mls Inc (GIS) by 412.96% based on its latest 2017Q3 regulatory filing with the SEC. Indexiq Advisors Llc bought 54,952 shares as the company’s stock declined 5.07% while stock markets rallied. The institutional investor held 68,259 shares of the consumer non-durables company at the end of 2017Q3, valued at $3.53 million, up from 13,307 at the end of the previous reported quarter. Indexiq Advisors Llc who had been investing in General Mls Inc for a number of months, seems to be bullish on the $31.78B market cap company. The stock decreased 1.05% or $0.59 during the last trading session, reaching $55.84. About 1.03M shares traded. General Mills, Inc. (NYSE:GIS) has declined 10.63% since February 20, 2017 and is downtrending. It has underperformed by 27.33% the S&P500.

Gamble Jones Investment Counsel increased its stake in Amazon Com Inc (AMZN) by 62.34% based on its latest 2017Q3 regulatory filing with the SEC. Gamble Jones Investment Counsel bought 2,097 shares as the company’s stock rose 13.58% with the market. The institutional investor held 5,461 shares of the consumer services company at the end of 2017Q3, valued at $5.25 million, up from 3,364 at the end of the previous reported quarter. Gamble Jones Investment Counsel who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $710.00B market cap company. The stock increased 1.24% or $17.93 during the last trading session, reaching $1466.62. About 1.31 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since February 20, 2017 and is uptrending. It has outperformed by 20.71% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.16, from 1 in 2017Q2. It worsened, 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. Mercer Capital Advisers accumulated 0.04% or 1,100 shares. Security Bank Of Sioux City Iowa Ia holds 0.99% of its portfolio in General Mills, Inc. (NYSE:GIS) for 19,590 shares. Tarbox Family Office Inc reported 243 shares stake. Uss Inv Mgmt Limited has 0.05% invested in General Mills, Inc. (NYSE:GIS). The Alabama-based Cornerstone Advsr has invested 0.16% in General Mills, Inc. (NYSE:GIS). Autus Asset Limited has invested 0.12% in General Mills, Inc. (NYSE:GIS). Monroe Bank Tru Mi, Michigan-based fund reported 13,517 shares. Hartford Financial Mngmt holds 0.01% of its portfolio in General Mills, Inc. (NYSE:GIS) for 235 shares. Ims Cap invested in 0.21% or 6,302 shares. Virginia-based Toth Fincl Advisory has invested 0.52% in General Mills, Inc. (NYSE:GIS). Keybank Natl Association Oh accumulated 206,845 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma has 0.08% invested in General Mills, Inc. (NYSE:GIS). Wells Fargo Company Mn stated it has 9.23 million shares or 0.15% of all its holdings. Tortoise Investment Mngmt Ltd Liability Corp has 35 shares. Moreover, Tci Wealth Advisors has 0.24% invested in General Mills, Inc. (NYSE:GIS).

Among 23 analysts covering General Mills Inc. (NYSE:GIS), 3 have Buy rating, 4 Sell and 16 Hold. Therefore 13% are positive. General Mills Inc. had 67 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, September 6. The company was upgraded on Tuesday, July 21 by RBC Capital Markets. Deutsche Bank initiated the stock with “Hold” rating in Wednesday, February 15 report. RBC Capital Markets maintained the shares of GIS in report on Thursday, June 30 with “Outperform” rating. The company was maintained on Wednesday, September 20 by Piper Jaffray. The company was downgraded on Tuesday, September 20 by Consumer Edge. Susquehanna maintained General Mills, Inc. (NYSE:GIS) rating on Sunday, June 25. Susquehanna has “Hold” rating and $5900 target. The firm has “Hold” rating given on Wednesday, November 8 by Societe Generale. The stock of General Mills, Inc. (NYSE:GIS) has “Hold” rating given on Thursday, March 23 by Argus Research. The stock of General Mills, Inc. (NYSE:GIS) has “Sell” rating given on Tuesday, May 24 by Goldman Sachs.

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

Indexiq Advisors Llc, which manages about $1.21B and $2.32B US Long portfolio, decreased its stake in Newmont Mining Corp (NYSE:NEM) by 140,737 shares to 22,619 shares, valued at $848,000 in 2017Q3, according to the filing. It also reduced its holding in Vanguard Intl Equity Index F (VPL) by 20,546 shares in the quarter, leaving it with 34,809 shares, and cut its stake in Ishares Tr (IVE).

Gamble Jones Investment Counsel, which manages about $1.24B and $977.04 million US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 8,043 shares to 199,464 shares, valued at $17.72 million in 2017Q3, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKA) by 3 shares in the quarter, leaving it with 5 shares, and cut its stake in Ishares Tr (TIP).

Since August 21, 2017, it had 0 insider buys, and 1 sale for $3.25 million activity.

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