Stuart Chaussee Associates buys $171,433 stake in General Mills (GIS)

General Mills (GIS) : Stuart Chaussee Associates scooped up 845 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 12, 2016. The investment management firm now holds a total of 2,383 shares of General Mills which is valued at $171,433.General Mills makes up approximately 0.14% of Stuart Chaussee Associates’s portfolio.

Other Hedge Funds, Including , Investment Partners Ltd Oh Adv sold out all of its stake in GIS during the most recent quarter. The investment firm sold 5,480 shares of GIS which is valued $394,231.Lenox Wealth Advisors boosted its stake in GIS in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 1,778 shares of General Mills which is valued at $127,909. General Mills makes up approx 0.04% of Lenox Wealth Advisors’s portfolio.Kistler-tiffany Companies reduced its stake in GIS by selling 235 shares or 7.48% in the most recent quarter. The Hedge Fund company now holds 2,908 shares of GIS which is valued at $210,714. General Mills makes up approx 0.11% of Kistler-tiffany Companies’s portfolio.

General Mills closed down -0.07 points or -0.10% at $72.02 with 28,48,945 shares getting traded on Friday. Post opening the session at $72.25, the shares hit an intraday low of $71.85 and an intraday high of $72.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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.