General Mills (GIS) : Bridge Creek Capital Management scooped up 725 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 67,779 shares of General Mills which is valued at $4,232,799.General Mills makes up approximately 2.44% of Bridge Creek Capital Management’s portfolio.
General Mills closed down -1.52 points or -2.47% at $60.12 with 35,70,019 shares getting traded on Wednesday. Post opening the session at $61.58, the shares hit an intraday low of $60.1 and an intraday high of $61.66 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Northstar Group reduced its stake in GIS by selling 100 shares or 0.86% in the most recent quarter. The Hedge Fund company now holds 11,530 shares of GIS which is valued at $720,049. General Mills makes up approx 0.55% of Northstar Group’s portfolio. Oakwood Capital Managementca sold out all of its stake in GIS during the most recent quarter. The investment firm sold 4,000 shares of GIS which is valued $249,800.Webster Bank N. A. boosted its stake in GIS in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 6,011 shares of General Mills which is valued at $375,387. General Mills makes up approx 0.06% of Webster Bank N. A.’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.