General Mills (GIS) : Hengehold Capital Management reduced its stake in General Mills by 2.72% during the most recent quarter end. The investment management company now holds a total of 37,150 shares of General Mills which is valued at $2,249,804 after selling 1,040 shares in General Mills , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.General Mills makes up approximately 0.71% of Hengehold Capital Management’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 , Regent Investment Management reduced its stake in GIS by selling 1,700 shares or 6.46% in the most recent quarter. The Hedge Fund company now holds 24,630 shares of GIS which is valued at $1,491,593. General Mills makes up approx 0.81% of Regent Investment Management’s portfolio.Fisher Asset Management boosted its stake in GIS in the latest quarter, The investment management firm added 2,081 additional shares and now holds a total of 6,748 shares of General Mills which is valued at $408,659.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.Contravisory Investment Management boosted its stake in GIS in the latest quarter, The investment management firm added 155,801 additional shares and now holds a total of 155,836 shares of General Mills which is valued at $9,731,958. General Mills makes up approx 2.84% of Contravisory Investment Management’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.