General Mills (GIS) : Berkshire Asset Managementpa scooped up 7,951 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 307,798 shares of General Mills which is valued at $19,221,985.General Mills makes up approximately 2.95% of Berkshire Asset Managementpa’s portfolio.
General Mills opened for trading at $62.43 and hit $62.6199 on the upside on Monday, eventually ending the session at $62.53, with a gain of 0.13% or 0.08 points. The heightened volatility saw the trading volume jump to 31,85,921 shares. Company has a market cap of $37,168 M.
Other Hedge Funds, Including , Howland Capital Management reduced its stake in GIS by selling 600 shares or 2.9% in the most recent quarter. The Hedge Fund company now holds 20,117 shares of GIS which is valued at $1,256,307. General Mills makes up approx 0.13% of Howland Capital Management’s portfolio.Benjamin F. Edwards Company boosted its stake in GIS in the latest quarter, The investment management firm added 348 additional shares and now holds a total of 45,202 shares of General Mills which is valued at $2,822,865. General Mills makes up approx 0.58% of Benjamin F. Edwards Company’s portfolio.Gavekal Capital boosted its stake in GIS in the latest quarter, The investment management firm added 17,885 additional shares and now holds a total of 260,187 shares of General Mills which is valued at $16,248,678. General Mills makes up approx 5.89% of Gavekal Capital’s portfolio.Chicago Trust Co Na reduced its stake in GIS by selling 2,561 shares or 4.54% in the most recent quarter. The Hedge Fund company now holds 53,873 shares of GIS which is valued at $3,387,534. General Mills makes up approx 1.47% of Chicago Trust Co Na’s portfolio.Curbstone Financial Management Corp boosted its stake in GIS in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 16,620 shares of General Mills which is valued at $1,045,066. General Mills makes up approx 0.35% of Curbstone Financial Management Corp’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.