Murphy Pohlad Asset Management Lowers stake in General Mills (GIS)

General Mills (GIS) : Murphy Pohlad Asset Management reduced its stake in General Mills by 34.46% during the most recent quarter end. The investment management company now holds a total of 23,559 shares of General Mills which is valued at $1,465,841 after selling 12,387 shares in General Mills , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.General Mills makes up approximately 1.11% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Toth Financial Advisory Corp reduced its stake in GIS by selling 437 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 44,050 shares of GIS which is valued at $2,740,791. General Mills makes up approx 0.83% of Toth Financial Advisory Corp’s portfolio. Ronna Sue Cohen sold out all of its stake in GIS during the most recent quarter. The investment firm sold 3,009 shares of GIS which is valued $187,882.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.Lvm Capital Management Ltdmi boosted its stake in GIS in the latest quarter, The investment management firm added 2,094 additional shares and now holds a total of 8,848 shares of General Mills which is valued at $551,761. General Mills makes up approx 0.17% of Lvm Capital Management Ltdmi’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.

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