Murphy Pohlad Asset Management Lowers stake in General Mills (GIS)

General Mills (GIS) : Murphy Pohlad Asset Management reduced its stake in General Mills by 1.36% during the most recent quarter end. The investment management company now holds a total of 35,946 shares of General Mills which is valued at $2,585,955 after selling 495 shares in General Mills , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.General Mills makes up approximately 1.87% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in GIS by selling 46 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 14,873 shares of GIS which is valued at $1,069,964. General Mills makes up approx 0.04% of Gofen Glossberg Il’s portfolio.Nepsis Capital Management reduced its stake in GIS by selling 21,451 shares or 16.65% in the most recent quarter. The Hedge Fund company now holds 107,420 shares of GIS which is valued at $7,727,795. General Mills makes up approx 4.27% of Nepsis Capital Management’s portfolio.Patten Patten Inctn boosted its stake in GIS in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 11,110 shares of General Mills which is valued at $805,031. General Mills makes up approx 0.11% of Patten Patten Inctn’s portfolio.Toth Financial Advisory Corp reduced its stake in GIS by selling 938 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 44,487 shares of GIS which is valued at $3,200,395. General Mills makes up approx 0.98% of Toth Financial Advisory Corp’s portfolio.

General Mills opened for trading at $72.19 and hit $72.4 on the upside on Monday, eventually ending the session at $72.28, with a gain of 0.36% or 0.26 points. The heightened volatility saw the trading volume jump to 22,17,280 shares. Company has a market cap of $43,153 M.

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.

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