Shoker Investment Counsel buys $1.9 Million stake in General Mills (GIS)

General Mills (GIS) : Shoker Investment Counsel scooped up 1,477 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 28,942 shares of General Mills which is valued at $1.9 Million.General Mills makes up approximately 1.75% of Shoker Investment Counsel’s portfolio.

Other Hedge Funds, Including , West Chester Capital Advisors Inc reduced its stake in GIS by selling 45 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 13,446 shares of GIS which is valued at $867,536. General Mills makes up approx 1.44% of West Chester Capital Advisors Inc’s portfolio.Ssi Investment Management Inc boosted its stake in GIS in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 3,586 shares of General Mills which is valued at $231,369. General Mills makes up approx 0.07% of Ssi Investment Management Inc’s portfolio.Mark Sheptoff Financial Planning boosted its stake in GIS in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 4,200 shares of General Mills which is valued at $270,984. General Mills makes up approx 0.22% of Mark Sheptoff Financial Planning’s portfolio.Wedbush Securities Inc boosted its stake in GIS in the latest quarter, The investment management firm added 4,112 additional shares and now holds a total of 14,434 shares of General Mills which is valued at $896,496. General Mills makes up approx 0.16% of Wedbush Securities Inc’s portfolio.Greenleaf Trust boosted its stake in GIS in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 3,563 shares of General Mills which is valued at $218,554. General Mills makes up approx 0.01% of Greenleaf Trust’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.

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