Gavekal Capital buys $16,248,678 stake in General Mills (GIS)

General Mills (GIS) : Gavekal Capital scooped up 17,885 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 260,187 shares of General Mills which is valued at $16,248,678.General Mills makes up approximately 5.89% of Gavekal Capital’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 , State Of Alaska Department Of Revenue boosted its stake in GIS in the latest quarter, The investment management firm added 98,628 additional shares and now holds a total of 171,104 shares of General Mills which is valued at $10,685,445. General Mills makes up approx 1.11% of State Of Alaska Department Of Revenue’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in GIS in the latest quarter, The investment management firm added 10,498 additional shares and now holds a total of 144,465 shares of General Mills which is valued at $9,021,839. General Mills makes up approx 0.20% of Exxonmobil Investment Management Inc Tx’s portfolio.Ct Mason boosted its stake in GIS in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 69,979 shares of General Mills which is valued at $4,400,280. General Mills makes up approx 1.99% of Ct Mason’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in GIS by selling 700 shares or 3.96% in the most recent quarter. The Hedge Fund company now holds 16,970 shares of GIS which is valued at $1,067,074. General Mills makes up approx 0.21% of First Financial Bank N.a. – Trust Division’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.

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