General Mills (GIS) : Community Bank N.a. reduced its stake in General Mills by 2.85% during the most recent quarter end. The investment management company now holds a total of 37,036 shares of General Mills which is valued at $2,304,380 after selling 1,088 shares in General Mills , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.General Mills makes up approximately 0.54% of Community Bank N.a.’s portfolio.
Other Hedge Funds, Including , Alta Capital Management reduced its stake in GIS by selling 980 shares or 22.18% in the most recent quarter. The Hedge Fund company now holds 3,439 shares of GIS which is valued at $213,975. General Mills makes up approx 0.01% of Alta Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in GIS in the latest quarter, The investment management firm added 10,972 additional shares and now holds a total of 239,417 shares of General Mills which is valued at $14,831,883. General Mills makes up approx 0.43% of Capstone Asset Management Co’s portfolio.Hills Bank Trust Co reduced its stake in GIS by selling 10 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 27,705 shares of GIS which is valued at $1,729,900. General Mills makes up approx 0.63% of Hills Bank Trust Co’s portfolio.Ct Mason boosted its stake in GIS in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 69,713 shares of General Mills which is valued at $4,347,303. General Mills makes up approx 1.92% of Ct Mason’s portfolio.
General Mills closed down -0.49 points or -0.78% at $61.95 with 30,07,468 shares getting traded on Tuesday. Post opening the session at $62.28, the shares hit an intraday low of $61.71 and an intraday high of $62.38 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 $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 21, 2016. Analyst had a consensus of $0.75. The company had revenue of $3900.00 million for the quarter, compared to analysts expectations of $3915.06 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.
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.