General Mills (GIS) : Kernodle Katon Asset Management Group scooped up 7,941 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 18,031 shares of General Mills which is valued at $1,283,266.General Mills makes up approximately 1.16% of Kernodle Katon Asset Management Group’s portfolio.
Other Hedge Funds, Including , Lebenthal Asset Management added GIS to its portfolio by purchasing 11,333 company shares during the most recent quarter which is valued at $806,570. General Mills makes up approx 0.10% of Lebenthal Asset Management’s portfolio.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.Cypress Capital Management (wy) boosted its stake in GIS in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 3,336 shares of General Mills which is valued at $239,825. General Mills makes up approx 0.31% of Cypress Capital Management (wy)’s portfolio.Genesee Valley Trust Co reduced its stake in GIS by selling 2,595 shares or 14.78% in the most recent quarter. The Hedge Fund company now holds 14,961 shares of GIS which is valued at $1,055,499. General Mills makes up approx 0.68% of Genesee Valley Trust Co’s portfolio.Windsor Financial Group reduced its stake in GIS by selling 1,338 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 40,614 shares of GIS which is valued at $2,935,580. General Mills makes up approx 1.31% of Windsor Financial Group’s portfolio.
General Mills closed down -0.46 points or -0.64% at $71.1 with 22,70,255 shares getting traded on Tuesday. Post opening the session at $71.56, the shares hit an intraday low of $70.93 and an intraday high of $71.625 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.