General Mills (GIS) : Ropes Wealth Advisors reduced its stake in General Mills by 1.9% during the most recent quarter end. The investment management company now holds a total of 93,366 shares of General Mills which is valued at $6,635,522 after selling 1,808 shares in General Mills , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.General Mills makes up approximately 2.26% of Ropes Wealth Advisors’s portfolio.
Other Hedge Funds, Including , Page Arthur B reduced its stake in GIS by selling 100 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 5,100 shares of GIS which is valued at $362,457. General Mills makes up approx 0.35% of Page Arthur B’s portfolio.Conning reduced its stake in GIS by selling 13,791 shares or 3.63% in the most recent quarter. The Hedge Fund company now holds 366,410 shares of GIS which is valued at $25,850,226. General Mills makes up approx 1.07% of Conning’s portfolio.Barrett Asset Management reduced its stake in GIS by selling 30 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 8,400 shares of GIS which is valued at $602,280. General Mills makes up approx 0.05% of Barrett Asset Management’s portfolio.Boyd Watterson Asset Managementoh reduced its stake in GIS by selling 517 shares or 4.46% in the most recent quarter. The Hedge Fund company now holds 11,084 shares of GIS which is valued at $801,152. General Mills makes up approx 0.39% of Boyd Watterson Asset Managementoh’s portfolio.
General Mills closed down -0.13 points or -0.18% at $71.04 with 20,96,208 shares getting traded on Monday. Post opening the session at $71.03, the shares hit an intraday low of $70.78 and an intraday high of $71.165 and the price fluctuated in this range throughout the day.Shares ended Monday 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.