General Mills (GIS) : Hunter Associates Investment Management reduced its stake in General Mills by 1.53% during the most recent quarter end. The investment management company now holds a total of 28,958 shares of General Mills which is valued at $2,060,941 after selling 450 shares in General Mills , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.General Mills makes up approximately 0.87% of Hunter Associates Investment Management’s portfolio.
Other Hedge Funds, Including , Boothbay Fund Management added GIS to its portfolio by purchasing 2,826 company shares during the most recent quarter which is valued at $201,126. General Mills makes up approx 0.09% of Boothbay Fund Management’s portfolio.Liberty Mutual Group Asset Management reduced its stake in GIS by selling 4,204 shares or 9.88% in the most recent quarter. The Hedge Fund company now holds 38,353 shares of GIS which is valued at $2,729,583. General Mills makes up approx 0.10% of Liberty Mutual Group Asset Management’s portfolio.Manning Napier Advisors reduced its stake in GIS by selling 88 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 93,390 shares of GIS which is valued at $6,588,665. General Mills makes up approx 0.04% of Manning Napier Advisors’s portfolio.Armbruster Capital Management reduced its stake in GIS by selling 100 shares or 10.73% in the most recent quarter. The Hedge Fund company now holds 832 shares of GIS which is valued at $59,812. General Mills makes up approx 0.04% of Armbruster Capital Management’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.