Analytic Investors Lowers stake in General Mills (GIS)

General Mills (GIS) : Analytic Investors reduced its stake in General Mills by 5.98% during the most recent quarter end. The investment management company now holds a total of 2,942,576 shares of General Mills which is valued at $209,423,134 after selling 187,311 shares in General Mills , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.General Mills makes up approximately 2.44% of Analytic Investors’s portfolio.

Other Hedge Funds, Including , Baldwin Brothers Incma reduced its stake in GIS by selling 25,940 shares or 91.46% in the most recent quarter. The Hedge Fund company now holds 2,421 shares of GIS which is valued at $172,303. General Mills makes up approx 0.03% of Baldwin Brothers Incma’s portfolio.Covington Investment Advisors reduced its stake in GIS by selling 250 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 55,130 shares of GIS which is valued at $3,923,602. General Mills makes up approx 1.70% of Covington Investment Advisors’s portfolio.Wms Partners reduced its stake in GIS by selling 531 shares or 7.61% in the most recent quarter. The Hedge Fund company now holds 6,450 shares of GIS which is valued at $459,047. General Mills makes up approx 0.06% of Wms Partners’s portfolio.Autus Asset Management reduced its stake in GIS by selling 450 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 17,840 shares of GIS which is valued at $1,267,889. General Mills makes up approx 0.28% of Autus Asset Management’s portfolio.Capital One National Association boosted its stake in GIS in the latest quarter, The investment management firm added 3,671 additional shares and now holds a total of 11,019 shares of General Mills which is valued at $790,062. General Mills makes up approx 0.06% of Capital One National Association’s portfolio.

General Mills closed down -0.46 points or -0.64% at $71.1 with 22,70,255 shares getting traded on Tuesday. Post opening the session at $71.56, the shares hit an intraday low of $70.93 and an intraday high of $71.625 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.