General Mills (GIS) : Kernodle Katon Asset Management Group scooped up 6,869 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 10,090 shares of General Mills which is valued at $651,007.General Mills makes up approximately 0.62% of Kernodle Katon Asset Management Group’s portfolio.
Other Hedge Funds, Including , Adell Harriman Carpenter Inc boosted its stake in GIS in the latest quarter, The investment management firm added 817 additional shares and now holds a total of 50,964 shares of General Mills which is valued at $3.3 Million. General Mills makes up approx 0.89% of Adell Harriman Carpenter Inc’s portfolio.Massmutual Trust Co Fsbadv reduced its stake in GIS by selling 402 shares or 25.74% in the most recent quarter. The Hedge Fund company now holds 1,160 shares of GIS which is valued at $74,843. General Mills makes up approx 0.01% of Massmutual Trust Co Fsbadv’s portfolio.Braun Stacey Associates Inc reduced its stake in GIS by selling 200 shares or 2.8% in the most recent quarter. The Hedge Fund company now holds 6,950 shares of GIS which is valued at $431,665. General Mills makes up approx 0.03% of Braun Stacey Associates Inc’s portfolio.
General Mills opened for trading at $64.39 and hit $64.79 on the upside on Monday, eventually ending the session at $64.57, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 22,74,759 shares. Company has a market cap of $38,381 M.
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.