General Mills (GIS) : Altfest L J Co Inc reduced its stake in General Mills by 0.86% during the most recent quarter end. The investment management company now holds a total of 26,517 shares of General Mills which is valued at $1.7 Million after selling 230 shares in General Mills , the firm said in a disclosure report filed with the SEC on May 13, 2016.General Mills makes up approximately 1.78% of Altfest L J Co Inc’s portfolio.
Other Hedge Funds, Including , Ontario Teachers Pension Plan Board boosted its stake in GIS in the latest quarter, The investment management firm added 491,293 additional shares and now holds a total of 1,167,303 shares of General Mills which is valued at $75.3 Million. General Mills makes up approx 0.81% of Ontario Teachers Pension Plan Board’s portfolio.Parkwood boosted its stake in GIS in the latest quarter, The investment management firm added 1,379 additional shares and now holds a total of 9,362 shares of General Mills which is valued at $581,474. General Mills makes up approx 0.10% of Parkwood’s portfolio.Retirement Systems Of Alabama reduced its stake in GIS by selling 6,184 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 303,763 shares of GIS which is valued at $18.6 Million. General Mills makes up approx 0.11% of Retirement Systems Of Alabama’s portfolio.
General Mills closed down -0.04 points or -0.06% at $62.36 with 26,31,357 shares getting traded on Wednesday. Post opening the session at $62.51, the shares hit an intraday low of $62.2 and an intraday high of $62.745 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. Goldman Downgraded General Mills on May 24, 2016 to ” Sell”, Price Target of the shares are set at $58.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.