Dearborn Partners buys $26,929,457 stake in General Mills (GIS)

General Mills (GIS) : Dearborn Partners scooped up 18,045 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 444,674 shares of General Mills which is valued at $26,929,457.General Mills makes up approximately 2.49% of Dearborn Partners’s portfolio.

General Mills opened for trading at $60.23 and hit $60.59 on the upside on Friday, eventually ending the session at $60.56, with a gain of 0.73% or 0.44 points. The heightened volatility saw the trading volume jump to 32,07,147 shares. Company has a market cap of $35,997 M.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in GIS in the latest quarter, The investment management firm added 3,340 additional shares and now holds a total of 180,974 shares of General Mills which is valued at $10,959,785. General Mills makes up approx 0.18% of Gulf International Bank (uk) Ltd’s portfolio.Gateway Investment Advisers reduced its stake in GIS by selling 21,590 shares or 31.8% in the most recent quarter. The Hedge Fund company now holds 46,299 shares of GIS which is valued at $2,803,867. General Mills makes up approx 0.02% of Gateway Investment Advisers’s portfolio.Palisade Asset Management boosted its stake in GIS in the latest quarter, The investment management firm added 6,495 additional shares and now holds a total of 40,254 shares of General Mills which is valued at $2,513,862. General Mills makes up approx 0.49% of Palisade Asset Management’s portfolio.Iowa State Bank boosted its stake in GIS in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 40,140 shares of General Mills which is valued at $2,524,003. General Mills makes up approx 1.43% of Iowa State Bank’s portfolio.Toth Financial Advisory Corp reduced its stake in GIS by selling 521 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 45,425 shares of GIS which is valued at $2,856,324. General Mills makes up approx 0.94% of Toth Financial Advisory 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.

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