First Allied Advisory Services Lowers stake in General Mills (GIS)

General Mills (GIS) : First Allied Advisory Services reduced its stake in General Mills by 1.38% during the most recent quarter end. The investment management company now holds a total of 143,140 shares of General Mills which is valued at $9.2 Million after selling 2,001 shares in General Mills , the firm said in a disclosure report filed with the SEC on May 12, 2016.General Mills makes up approximately 0.52% of First Allied Advisory Services’s portfolio.

Other Hedge Funds, Including , Segall Bryant Hamill reduced its stake in GIS by selling 150 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 71,014 shares of GIS which is valued at $4.6 Million. General Mills makes up approx 0.11% of Segall Bryant Hamill’s portfolio.Vsr Financial Services boosted its stake in GIS in the latest quarter, The investment management firm added 2,662 additional shares and now holds a total of 22,956 shares of General Mills which is valued at $1.4 Million. General Mills makes up approx 0.15% of Vsr Financial Services’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.

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