Benedict Financial Advisors Upped Holding in General Mills (GIS) as Stock Rose; As 3M Company (MMM) Valuation Rose, Somerset Group Decreased Its Holding by $330,848

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Somerset Group Llc decreased its stake in 3M Company (MMM) by 2.29% based on its latest 2018Q2 regulatory filing with the SEC. Somerset Group Llc sold 1,688 shares as the company’s stock rose 0.89% with the market. The institutional investor held 72,099 shares of the medical and dental instruments company at the end of 2018Q2, valued at $14.18 million, down from 73,787 at the end of the previous reported quarter. Somerset Group Llc who had been investing in 3M Company for a number of months, seems to be less bullish one the $116.84 billion market cap company. The stock decreased 0.76% or $1.54 during the last trading session, reaching $200.66. About 839,320 shares traded. 3M Company (NYSE:MMM) has declined 1.40% since December 6, 2017 and is downtrending. It has underperformed by 17.02% the S&P500. Some Historical MMM News: 12/04/2018 – U.S. 3M Libor Yield at 2.49% by End-3Q vs 2.38% Prior (Survey); 09/04/2018 – REG-Interim Report 3M:2018; 08/05/2018 – 3M CO MMM.N SETS QUARTERLY DIVIDEND OF $1.36/SHR; 09/03/2018 – UK ECONOMY ESTIMATED TO HAVE GROWN BY 0.3 PCT 3M/3M IN FEB – NIESR; 04/04/2018 – 3M Selects C3 IoT As Strategic Al Software Platform; 25/04/2018 – Australia 3M Interbank Yield at 1.83% by End-2Q18 (Survey); 20/03/2018 – Rise of Big Data, Need for Energy Efficiency Drives Transformative Innovation in Data Center Industry; 24/04/2018 – Anglo American 1Q Minas-Rio Production Decreased by 30% to 3M Tons; 03/04/2018 – EUROFINS SCIENTIFIC SE EUFI.PA – LAB FRONTIER EMPLOYS 40 STAFF AND GENERATED REVENUES CLOSE TO EUR 3M IN 2017; 09/03/2018 – FDA: 3M Company – Health Care Business- ACE (TM) BRAND, DELUXE ANKLE BRACE, 207736, UPC 0 51131 20387 7

Benedict Financial Advisors Inc increased its stake in General Mills Inc (GIS) by 12.25% based on its latest 2018Q2 regulatory filing with the SEC. Benedict Financial Advisors Inc bought 8,320 shares as the company’s stock rose 6.48% with the market. The institutional investor held 76,222 shares of the consumer non-durables company at the end of 2018Q2, valued at $3.37M, up from 67,902 at the end of the previous reported quarter. Benedict Financial Advisors Inc who had been investing in General Mills Inc for a number of months, seems to be bullish on the $23.80B market cap company. The stock decreased 0.88% or $0.35 during the last trading session, reaching $39.92. About 1.70 million shares traded. General Mills, Inc. (NYSE:GIS) has declined 14.49% since December 6, 2017 and is downtrending. It has underperformed by 30.11% the S&P500. Some Historical GIS News: 27/03/2018 – GENERAL MILLS SAYS EQUITY OFFERING PRICES AT $44/SHR; 21/03/2018 – GENERAL MILLS INC – CONTINUE TO ESTIMATE THAT TCJA WILL HAVE A 2 POINT FAVORABLE IMPACT ON FISCAL 2018 ADJUSTED EFFECTIVE TAX RATE; 21/03/2018 – General Mills 3Q Net $941.4M; 21/03/2018 – GENERAL MILLS EXECUTIVES DISCUSS RESULTS ON CALL; 21/03/2018 – GENERAL MILLS 3Q ADJ. OPER PROFIT $609.6M, EST. $675.4M; 21/03/2018 – General Mills Hit by Higher Food, Shipping Costs — 3rd Update; 21/03/2018 – GENERAL MILLS GIS.N CEO SAYS NORTH AMERICAN FREIGHT SPOT PRICES WERE NEAR 20-YEAR HIGHS IN FEBRUARY; 21/03/2018 – GENERAL MILLS INC – THIRD-QUARTER NET SALES FOR CONVENIENCE STORES & FOODSERVICE SEGMENT INCREASED 3 PERCENT TO $460 MLN; 24/04/2018 – General Mills Completes Acquisition Of Blue Buffalo Pet Products; 19/04/2018 – General Mills Reports Progress on Global Responsibility Commitments and Investments

More notable recent 3M Company (NYSE:MMM) news were published by: Investorplace.com which released: “10 Boring Stocks to Buy for Red-Hot Returns – Investorplace.com” on November 30, 2018, also Seekingalpha.com with their article: “3M: Optimistic, But A Few Caveats – Seeking Alpha” published on November 11, 2018, Forbes.com published: “How Has 3M Managed To Consistently Improve Its Margins Over The Past Five Years? – Forbes” on November 29, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Seekingalpha.com and their article: “As Expected, Evolution, Not Revolution, From 3M – Seeking Alpha” published on November 20, 2018 as well as Seekingalpha.com‘s news article titled: “3M CEO sets five-year financial targets – Seeking Alpha” with publication date: November 15, 2018.

Since September 10, 2018, it had 1 insider purchase, and 1 insider sale for $90,252 activity. Hammes Eric D. sold 1,272 shares worth $274,752.

Investors sentiment increased to 0.97 in Q2 2018. Its up 0.20, from 0.77 in 2018Q1. It improved, as 73 investors sold MMM shares while 549 reduced holdings. 111 funds opened positions while 490 raised stakes. 374.25 million shares or 0.96% less from 377.88 million shares in 2018Q1 were reported. Gardner Russo And Gardner owns 1,425 shares for 0% of their portfolio. Yhb Investment Inc holds 0.38% of its portfolio in 3M Company (NYSE:MMM) for 11,709 shares. Kansas-based Creative Planning has invested 0.08% in 3M Company (NYSE:MMM). Oppenheimer Asset Management Inc holds 0.33% or 68,530 shares in its portfolio. Moreover, Wellington Shields Cap Mgmt Limited Company has 0.31% invested in 3M Company (NYSE:MMM). 10,802 were accumulated by Ronna Sue Cohen. Madison Investment Inc holds 0.2% of its portfolio in 3M Company (NYSE:MMM) for 56,423 shares. United Asset Strategies Incorporated reported 1,761 shares. Prio Wealth Ltd Partnership holds 0.86% in 3M Company (NYSE:MMM) or 88,535 shares. Millennium Mngmt Limited Com reported 17,416 shares. Copeland Cap Mngmt Ltd Liability Corporation accumulated 1,506 shares. Old Mutual Glob (Uk) reported 50,675 shares. Seizert Capital Prtn Limited Company stated it has 1,010 shares or 0.01% of all its holdings. Calamos Advsrs Ltd Liability Corp owns 0.09% invested in 3M Company (NYSE:MMM) for 75,835 shares. Truepoint Inc has 1,220 shares for 0.02% of their portfolio.

Among 17 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 3 Sell and 7 Hold. Therefore 41% are positive. 3M had 106 analyst reports since July 24, 2015 according to SRatingsIntel. As per Friday, April 28, the company rating was maintained by Barclays Capital. Deutsche Bank maintained it with “Hold” rating and $220 target in Friday, September 28 report. The stock has “Buy” rating by CFRA on Tuesday, April 24. The stock of 3M Company (NYSE:MMM) earned “Hold” rating by Deutsche Bank on Friday, November 16. The firm has “Underperform” rating given on Tuesday, August 4 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Thursday, February 15 with “Hold”. The firm earned “Hold” rating on Thursday, March 22 by RBC Capital Markets. Goldman Sachs downgraded 3M Company (NYSE:MMM) on Monday, November 21 to “Sell” rating. Barclays Capital maintained 3M Company (NYSE:MMM) rating on Monday, March 26. Barclays Capital has “Underweight” rating and $230 target. Credit Suisse maintained the stock with “Buy” rating in Friday, April 28 report.

Analysts await 3M Company (NYSE:MMM) to report earnings on January, 24. They expect $2.28 EPS, up 8.57% or $0.18 from last year’s $2.1 per share. MMM’s profit will be $1.33 billion for 22.00 P/E if the $2.28 EPS becomes a reality. After $2.58 actual EPS reported by 3M Company for the previous quarter, Wall Street now forecasts -11.63% negative EPS growth.

Among 24 analysts covering General Mills Inc. (NYSE:GIS), 4 have Buy rating, 2 Sell and 18 Hold. Therefore 17% are positive. General Mills Inc. had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, June 17 by RBC Capital Markets. JP Morgan maintained it with “Neutral” rating and $63 target in Thursday, March 24 report. The firm has “Hold” rating by Susquehanna given on Sunday, June 25. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, December 21. RBC Capital Markets maintained it with “Outperform” rating and $73 target in Thursday, June 30 report. The firm earned “Hold” rating on Wednesday, June 14 by BMO Capital Markets. The rating was maintained by JP Morgan on Wednesday, March 14 with “Neutral”. The stock of General Mills, Inc. (NYSE:GIS) has “Buy” rating given on Thursday, March 24 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of GIS in report on Thursday, June 29 with “Hold” rating. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, September 6.

Investors sentiment increased to 1.08 in 2018 Q2. Its up 0.24, from 0.84 in 2018Q1. It is positive, 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. 33,636 are held by Edmp Incorporated. 5,540 were accumulated by Signature Finance Management. Oxbow has invested 0.05% in General Mills, Inc. (NYSE:GIS). Aviance Mgmt Limited Liability Company, a Florida-based fund reported 34 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 7,900 shares or 0.02% of their US portfolio. State Teachers Retirement Systems invested in 859,833 shares. Sequoia Fincl Advsrs Limited Liability Company holds 0.03% or 5,721 shares. Gradient Invs Limited Liability Company holds 0% or 1,359 shares. Cullen Frost Bankers reported 0.03% in General Mills, Inc. (NYSE:GIS). Welch & Forbes Limited Liability Com holds 0.11% or 99,244 shares in its portfolio. Financial Management Professionals Incorporated holds 0% or 120 shares in its portfolio. Legg Mason Asset Mgmt (Japan) Company Ltd reported 28,200 shares or 0.98% of all its holdings. Stellar Capital Management Ltd Company accumulated 0.39% or 13,400 shares. Dekabank Deutsche Girozentrale holds 0.23% or 781,312 shares. Scotia Cap has 0.08% invested in General Mills, Inc. (NYSE:GIS) for 122,766 shares.

Since June 28, 2018, it had 1 buying transaction, and 4 selling transactions for $4.63 million activity. On Wednesday, July 18 Williams-Roll Jacqueline sold $105,919 worth of General Mills, Inc. (NYSE:GIS) or 2,450 shares. On Monday, July 9 Nudi Jonathon sold $225,155 worth of General Mills, Inc. (NYSE:GIS) or 5,066 shares. 1,000 shares were bought by SASTRE MARIA, worth $47,370 on Monday, August 20. Another trade for 82,244 shares valued at $3.74M was made by OGrady Shawn P on Thursday, June 28.

Benedict Financial Advisors Inc, which manages about $175.27M and $202.28 million US Long portfolio, decreased its stake in Coca (NYSE:KO) by 8,005 shares to 65,393 shares, valued at $2.87 million in 2018Q2, according to the filing.

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

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