General Mills (GIS) : Piershale Financial Group scooped up 32 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 4,230 shares of General Mills which is valued at $264,164.General Mills makes up approximately 0.16% of Piershale Financial Group’s portfolio.
General Mills closed down -1.52 points or -2.47% at $60.12 with 35,70,019 shares getting traded on Wednesday. Post opening the session at $61.58, the shares hit an intraday low of $60.1 and an intraday high of $61.66 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Wagner Bowman Management Corp boosted its stake in GIS in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 10,308 shares of General Mills which is valued at $643,735. General Mills makes up approx 0.25% of Wagner Bowman Management Corp’s portfolio.Capital Investment Advisors reduced its stake in GIS by selling 327 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 10,600 shares of GIS which is valued at $661,970. General Mills makes up approx 0.06% of Capital Investment Advisors’s portfolio.Palisade Asset Management boosted its stake in GIS in the latest quarter, The investment management firm added 6,495 additional shares and now holds a total of 40,254 shares of General Mills which is valued at $2,513,862. General Mills makes up approx 0.49% of Palisade Asset Management’s portfolio. Oakwood Capital Managementca sold out all of its stake in GIS during the most recent quarter. The investment firm sold 4,000 shares of GIS which is valued $249,800. Elm Advisors added GIS to its portfolio by purchasing 3,384 company shares during the most recent quarter which is valued at $211,331. General Mills makes up approx 0.20% of Elm Advisors’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.