General Mills (GIS) : Accredited Investors scooped up 4,473 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 137,572 shares of General Mills which is valued at $8.9 Million.General Mills makes up approximately 2.30% of Accredited Investors’s portfolio.
Other Hedge Funds, Including , Baldwin Brothers Incma boosted its stake in GIS in the latest quarter, The investment management firm added 9,638 additional shares and now holds a total of 28,361 shares of General Mills which is valued at $1.8 Million. General Mills makes up approx 0.33% of Baldwin Brothers Incma’s portfolio. Twin Capital Management Inc added GIS to its portfolio by purchasing 35,020 company shares during the most recent quarter which is valued at $2.3 Million. General Mills makes up approx 0.18% of Twin Capital Management Inc’s portfolio.Sunbelt Securities boosted its stake in GIS in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,357 shares of General Mills which is valued at $87,554. General Mills makes up approx 0.10% of Sunbelt Securities’s portfolio.Investors Capital Advisory Services boosted its stake in GIS in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 10,549 shares of General Mills which is valued at $680,621. General Mills makes up approx 0.14% of Investors Capital Advisory Services’s portfolio.Parsec Financial Management reduced its stake in GIS by selling 1,059 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 38,759 shares of GIS which is valued at $2.4 Million. General Mills makes up approx 0.23% of Parsec Financial Management’s portfolio.
General Mills closed down -0.47 points or -0.75% at $62.45 with 33,13,346 shares getting traded on Friday. Post opening the session at $62.91, the shares hit an intraday low of $62.28 and an intraday high of $62.91 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.