General Mills (GIS) : Salient Trust Co Lta scooped up 6,560 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 144,551 shares of General Mills which is valued at $10,364,307.General Mills makes up approximately 1.09% of Salient Trust Co Lta’s portfolio.
Other Hedge Funds, Including , 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.Nisa Investment Advisors boosted its stake in GIS in the latest quarter, The investment management firm added 6,235 additional shares and now holds a total of 263,837 shares of General Mills which is valued at $19,070,138. General Mills makes up approx 0.25% of Nisa Investment Advisors’s portfolio.Windsor Financial Group reduced its stake in GIS by selling 1,338 shares or 3.19% in the most recent quarter. The Hedge Fund company now holds 40,614 shares of GIS which is valued at $2,935,580. General Mills makes up approx 1.31% of Windsor Financial Group’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in GIS in the latest quarter, The investment management firm added 2,750 additional shares and now holds a total of 3,060 shares of General Mills which is valued at $221,728. General Mills makes up approx 0.06% of Daiwa Sb Investments Ltd.’s portfolio. Curian Capital sold out all of its stake in GIS during the most recent quarter. The investment firm sold 6,203 shares of GIS which is valued $449,469.
General Mills closed down -0.94 points or -1.29% at $71.7 with 28,40,969 shares getting traded on Wednesday. Post opening the session at $72.65, the shares hit an intraday low of $71.64 and an intraday high of $72.7 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.