General Mills (GIS) : Opus Investment Management Inc scooped up 10,000 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 88,700 shares of General Mills which is valued at $5.7 Million.General Mills makes up approximately 1.10% of Opus Investment Management Inc’s portfolio.
Other Hedge Funds, Including , Donaldson Capital Management reduced its stake in GIS by selling 1,724 shares or 10.85% in the most recent quarter. The Hedge Fund company now holds 14,168 shares of GIS which is valued at $914,119. General Mills makes up approx 0.13% of Donaldson Capital Management’s portfolio. Nikko Asset Management Americas added GIS to its portfolio by purchasing 6,500 company shares during the most recent quarter which is valued at $419,380. General Mills makes up approx 0.05% of Nikko Asset Management Americas’s portfolio. Stearns Financial Services Group sold out all of its stake in GIS during the most recent quarter. The investment firm sold 3,515 shares of GIS which is valued $226,788.Welch Group reduced its stake in GIS by selling 1,475 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 290,126 shares of GIS which is valued at $18 Million. General Mills makes up approx 2.98% of Welch Group’s portfolio.Choate Investment Advisors reduced its stake in GIS by selling 38,974 shares or 72.93% in the most recent quarter. The Hedge Fund company now holds 14,464 shares of GIS which is valued at $898,359. General Mills makes up approx 0.06% of Choate Investment Advisors’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.