Van Hulzen Asset Management Lowers stake in General Mills (GIS)

General Mills (GIS) : Van Hulzen Asset Management reduced its stake in General Mills by 5.51% during the most recent quarter end. The investment management company now holds a total of 39,405 shares of General Mills which is valued at $2,804,454 after selling 2,298 shares in General Mills , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.General Mills makes up approximately 1.55% of Van Hulzen Asset Management’s portfolio.

Other Hedge Funds, Including , Fil Ltd reduced its stake in GIS by selling 615,954 shares or 97.53% in the most recent quarter. The Hedge Fund company now holds 15,603 shares of GIS which is valued at $1,110,466.Wilkins Investment Counsel Inc reduced its stake in GIS by selling 1,900 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 119,590 shares of GIS which is valued at $8,511,220. General Mills makes up approx 2.29% of Wilkins Investment Counsel Inc’s portfolio.Newfocus Financial Group boosted its stake in GIS in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 40,332 shares of General Mills which is valued at $2,848,649. General Mills makes up approx 2.02% of Newfocus Financial Group’s portfolio.Ashfield Capital Partners reduced its stake in GIS by selling 391 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 35,726 shares of GIS which is valued at $2,539,047. General Mills makes up approx 0.19% of Ashfield Capital Partners’s portfolio.Paragon Capital Management Ltd reduced its stake in GIS by selling 387 shares or 4.59% in the most recent quarter. The Hedge Fund company now holds 8,053 shares of GIS which is valued at $573,535. General Mills makes up approx 0.30% of Paragon Capital Management Ltd’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.

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