General Mills (GIS) : Headinvest scooped up 600 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 5,568 shares of General Mills which is valued at $337,198.General Mills makes up approximately 0.13% of Headinvest’s portfolio.
General Mills opened for trading at $60.9 and hit $61.47 on the upside on Wednesday, eventually ending the session at $61.13, with a gain of 0.69% or 0.42 points. The heightened volatility saw the trading volume jump to 26,85,532 shares. Company has a market cap of $36,336 M.
Other Hedge Funds, Including , Nepsis Capital Management reduced its stake in GIS by selling 15,912 shares or 10.99% in the most recent quarter. The Hedge Fund company now holds 128,871 shares of GIS which is valued at $7,804,428. General Mills makes up approx 4.08% of Nepsis Capital Management’s portfolio.Patriot Wealth Management boosted its stake in GIS in the latest quarter, The investment management firm added 36,129 additional shares and now holds a total of 109,869 shares of General Mills which is valued at $6,653,667. General Mills makes up approx 1.32% of Patriot Wealth Management’s portfolio.Manning Napier Advisors reduced its stake in GIS by selling 1,054 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 93,478 shares of GIS which is valued at $5,837,701. General Mills makes up approx 0.04% of Manning Napier Advisors’s portfolio.Alpha Windward reduced its stake in GIS by selling 67 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 4,087 shares of GIS which is valued at $255,233. General Mills makes up approx 0.18% of Alpha Windward’s portfolio.Kistler-tiffany Companies reduced its stake in GIS by selling 167 shares or 5.05% in the most recent quarter. The Hedge Fund company now holds 3,143 shares of GIS which is valued at $197,632. General Mills makes up approx 0.11% of Kistler-tiffany Companies’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.