Parallax Volatility Advisers buys $28,088,308 stake in General Mills (GIS)

General Mills (GIS) : Parallax Volatility Advisers scooped up 125,476 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 394,665 shares of General Mills which is valued at $28,088,308.General Mills makes up approximately 1.26% of Parallax Volatility Advisers’s portfolio.

Other Hedge Funds, Including , Kcm Investment Advisors boosted its stake in GIS in the latest quarter, The investment management firm added 7,853 additional shares and now holds a total of 101,798 shares of General Mills which is valued at $7,244,964. General Mills makes up approx 0.51% of Kcm Investment Advisors’s portfolio.Pacer Advisors boosted its stake in GIS in the latest quarter, The investment management firm added 977 additional shares and now holds a total of 11,506 shares of General Mills which is valued at $818,882. General Mills makes up approx 0.12% of Pacer Advisors’s portfolio.Parsons Capital Management Incri reduced its stake in GIS by selling 50 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 25,809 shares of GIS which is valued at $1,836,827. General Mills makes up approx 0.24% of Parsons Capital Management Incri’s portfolio. Wespac Advisors added GIS to its portfolio by purchasing 2,963 company shares during the most recent quarter which is valued at $209,040. General Mills makes up approx 0.21% of Wespac Advisors’s portfolio.

General Mills closed down -0.71 points or -1.00% at $70.11 with 42,53,481 shares getting traded on Thursday. Post opening the session at $70.67, the shares hit an intraday low of $69.655 and an intraday high of $70.8 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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