Cognios Capital buys $13,123,606 stake in General Mills (GIS)

General Mills (GIS) : Cognios Capital scooped up 31,004 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 184,398 shares of General Mills which is valued at $13,123,606.General Mills makes up approximately 4.08% of Cognios Capital’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management reduced its stake in GIS by selling 33,216 shares or 46.36% in the most recent quarter. The Hedge Fund company now holds 38,433 shares of GIS which is valued at $2,735,277. General Mills makes up approx 0.02% of Nuveen Asset Management’s portfolio. Milestone Group added GIS to its portfolio by purchasing 3,659 company shares during the most recent quarter which is valued at $260,411. General Mills makes up approx 0.04% of Milestone Group’s portfolio.Hyman Charles D boosted its stake in GIS in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 32,355 shares of General Mills which is valued at $2,282,645. General Mills makes up approx 0.34% of Hyman Charles D’s portfolio.Tufton Capital Management boosted its stake in GIS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 4,674 shares of General Mills which is valued at $329,751. General Mills makes up approx 0.07% of Tufton Capital Management’s portfolio.Sigma Planning Corp boosted its stake in GIS in the latest quarter, The investment management firm added 1,323 additional shares and now holds a total of 29,373 shares of General Mills which is valued at $2,091,945. General Mills makes up approx 0.27% of Sigma Planning Corp’s portfolio.

General Mills opened for trading at $70.99 and hit $71.57 on the upside on Monday, eventually ending the session at $71.42, with a gain of 0.78% or 0.55 points. The heightened volatility saw the trading volume jump to 24,89,582 shares. Company has a market cap of $42,639 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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