Contravisory Investment Management buys $9,731,958 stake in General Mills (GIS)

General Mills (GIS) : Contravisory Investment Management scooped up 155,801 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 155,836 shares of General Mills which is valued at $9,731,958.General Mills makes up approximately 2.84% of Contravisory Investment Management’s portfolio.

General Mills opened for trading at $62.24 and hit $62.47 on the upside on Friday, eventually ending the session at $62.45, with a gain of 0.55% or 0.34 points. The heightened volatility saw the trading volume jump to 29,60,492 shares. Company has a market cap of $37,120 M.

Other Hedge Funds, Including , Investment Counsel reduced its stake in GIS by selling 3,124 shares or 24.35% in the most recent quarter. The Hedge Fund company now holds 9,708 shares of GIS which is valued at $606,265. General Mills makes up approx 0.56% of Investment Counsel’s portfolio.Creative Planning boosted its stake in GIS in the latest quarter, The investment management firm added 3,112 additional shares and now holds a total of 49,106 shares of General Mills which is valued at $3,087,785. General Mills makes up approx 0.02% of Creative Planning’s portfolio.Chicago Trust Co Na reduced its stake in GIS by selling 2,561 shares or 4.54% in the most recent quarter. The Hedge Fund company now holds 53,873 shares of GIS which is valued at $3,387,534. General Mills makes up approx 1.47% of Chicago Trust Co Na’s portfolio.Cardinal Capital Management reduced its stake in GIS by selling 19,165 shares or 8.94% in the most recent quarter. The Hedge Fund company now holds 195,311 shares of GIS which is valued at $12,281,156. General Mills makes up approx 1.40% of Cardinal Capital Management’s portfolio.

On the company’s financial health, General Mills reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $0.62. The company had revenue of $4002.40 million for the quarter, compared to analysts expectations of $4083.56 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on General Mills. Company shares were Reiterated by Stifel on Mar 24, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $61 .

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.

Leave a Reply

General Mills - Is it time to Sell?

Top Brokerage Firms are advising their investors on General Mills. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.