General Mills (GIS) : Weaver C. Barksdale Associates reduced its stake in General Mills by 0.4% during the most recent quarter end. The investment management company now holds a total of 15,525 shares of General Mills which is valued at $976,212 after selling 62 shares in General Mills according to a report filed by the company on Apr 5, 2016 with the SEC.General Mills makes up approximately 0.74% of Weaver C. Barksdale Associates’s portfolio.
Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in GIS by selling 2,148 shares or 14.43% in the most recent quarter. The Hedge Fund company now holds 12,734 shares of GIS which is valued at $800,714. General Mills makes up approx 0.11% of Stock Yards Bank Trust Co’s portfolio. Pensionfund Dsm Netherlands sold out all of its stake in GIS during the most recent quarter. The investment firm sold 87,400 shares of GIS which is valued $5.5 Million.Lvm Capital Management Ltdmi reduced its stake in GIS by selling 642 shares or 9.77% in the most recent quarter. The Hedge Fund company now holds 5,930 shares of GIS which is valued at $372,878. General Mills makes up approx 0.12% of Lvm Capital Management Ltdmi’s portfolio. Pensionfund Sabic sold out all of its stake in GIS during the most recent quarter. The investment firm sold 42,000 shares of GIS which is valued $2.6 Million.Beacon Financial Group reduced its stake in GIS by selling 533 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 125,290 shares of GIS which is valued at $8.1 Million. General Mills makes up approx 1.76% of Beacon Financial Group’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 closed down -0.42 points or -0.66% at $62.88 with 32,95,866 shares getting traded on Monday. Post opening the session at $63.42, the shares hit an intraday low of $62.71 and an intraday high of $63.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.