Dorsey Whitney Trust Co Lowers stake in General Mills (GIS)

General Mills (GIS) : Dorsey Whitney Trust Co reduced its stake in General Mills by 1.83% during the most recent quarter end. The investment management company now holds a total of 140,688 shares of General Mills which is valued at $10,012,765 after selling 2,620 shares in General Mills , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.General Mills makes up approximately 2.24% of Dorsey Whitney Trust Co’s portfolio.

Other Hedge Funds, Including , A.r. Schmeidler reduced its stake in GIS by selling 610 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 46,602 shares of GIS which is valued at $3,316,664. General Mills makes up approx 0.72% of A.r. Schmeidler’s portfolio.Morningstar Investment Services reduced its stake in GIS by selling 75,695 shares or 10.69% in the most recent quarter. The Hedge Fund company now holds 632,557 shares of GIS which is valued at $44,626,896. General Mills makes up approx 1.38% of Morningstar Investment Services’s portfolio.Wagner Bowman Management Corp reduced its stake in GIS by selling 400 shares or 3.88% in the most recent quarter. The Hedge Fund company now holds 9,908 shares of GIS which is valued at $699,009. General Mills makes up approx 0.27% of Wagner Bowman Management Corp’s portfolio.Naples Global Advisors reduced its stake in GIS by selling 298 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 18,497 shares of GIS which is valued at $1,330,674. General Mills makes up approx 0.53% of Naples Global Advisors’s portfolio.

General Mills opened for trading at $71.26 and hit $71.5 on the upside on Friday, eventually ending the session at $71.45, with a gain of 0.25% or 0.18 points. The heightened volatility saw the trading volume jump to 25,43,727 shares. Company has a market cap of $42,657 M.

On the company’s financial health, General Mills reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $0.60. The company had revenue of $3928.00 million for the quarter, compared to analysts expectations of $3860.63 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on General Mills. Company shares were Reiterated by UBS on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 71 from a previous price target of $60 .General Mills was Upgraded by BofA/Merrill to ” Neutral” on Jun 30, 2016. Company shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .

General Mills Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail International and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals including meal kits ethnic meals pizza soup side dish mixes frozen breakfast and frozen entrees; snacks including grain fruit and savory snacks nutrition bars and frozen hot snacks; yogurt and super-premium ice cream. The Company’s other product categories include baking mixes and ingredients; refrigerated and frozen dough and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.

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