General Mills (GIS) : Apg Asset Management N.v. scooped up 180,900 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 5,743,695 shares of General Mills which is valued at $408,778,773.General Mills makes up approximately 0.75% of Apg Asset Management N.v.’s portfolio.
Other Hedge Funds, Including , Dixon Hubard Feinour Brown Incva reduced its stake in GIS by selling 271 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 25,679 shares of GIS which is valued at $1,827,574. General Mills makes up approx 0.56% of Dixon Hubard Feinour Brown Incva’s portfolio.Atlanta Capital Group boosted its stake in GIS in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 3,404 shares of General Mills which is valued at $240,425. General Mills makes up approx 0.05% of Atlanta Capital Group’s portfolio.Delaney Dennis R reduced its stake in GIS by selling 450 shares or 1.62% in the most recent quarter. The Hedge Fund company now holds 27,319 shares of GIS which is valued at $1,941,561. General Mills makes up approx 4.04% of Delaney Dennis R’s portfolio.
General Mills closed down -0.46 points or -0.64% at $71.1 with 22,70,255 shares getting traded on Tuesday. Post opening the session at $71.56, the shares hit an intraday low of $70.93 and an intraday high of $71.625 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, General Mills reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jun 29, 2016. Analyst had a consensus of $0.60. The company had revenue of $3928.00 million for the quarter, compared to analysts expectations of $3860.63 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.75 EPS.
Many Wall Street Analysts have commented on General Mills. Company shares were Reiterated by UBS on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 71 from a previous price target of $60 .General Mills was Upgraded by BofA/Merrill to ” Neutral” on Jun 30, 2016. Company shares were Reiterated by RBC Capital Mkts on Jun 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 73 from a previous price target of $70 .
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.