General Mills (GIS) : Montgomery Investment Management Inc reduced its stake in General Mills by 1.84% during the most recent quarter end. The investment management company now holds a total of 320,075 shares of General Mills which is valued at $22,779,738 after selling 6,000 shares in General Mills , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.General Mills makes up approximately 10.87% of Montgomery Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Brown Advisory Inc boosted its stake in GIS in the latest quarter, The investment management firm added 3,418 additional shares and now holds a total of 49,066 shares of General Mills which is valued at $3,465,532. General Mills makes up approx 0.01% of Brown Advisory Inc’s portfolio.Dimensional Fund Advisors Lp boosted its stake in GIS in the latest quarter, The investment management firm added 19,519 additional shares and now holds a total of 1,249,879 shares of General Mills which is valued at $88,278,954. General Mills makes up approx 0.05% of Dimensional Fund Advisors Lp’s portfolio. Livingston Group Asset Management Co (operating As Southp… added GIS to its portfolio by purchasing 1,495 company shares during the most recent quarter which is valued at $105,472. General Mills makes up approx 0.06% of Livingston Group Asset Management Co (operating As Southp…’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.