Biltmore Wealth Management adds General Mills (GIS) to its portfolio

General Mills (GIS) : Biltmore Wealth Management added new position in General Mills during the most recent quarter end. The investment management firm now holds 11,265 shares of General Mills which is valued at $786,072 , the company said in a statement filed on Aug 3, 2016 with the SEC.General Mills makes up approximately 0.66% of Biltmore Wealth Management’s portfolio.

Other Hedge Funds, Including , Harel Insurance Investments Financial Services Ltd. added GIS to its portfolio by purchasing 505 company shares during the most recent quarter which is valued at $35,239.Welch Group reduced its stake in GIS by selling 63,086 shares or 21.74% in the most recent quarter. The Hedge Fund company now holds 227,040 shares of GIS which is valued at $16,321,906. General Mills makes up approx 3.28% of Welch Group’s portfolio.Cutler Group Lp boosted its stake in GIS in the latest quarter, The investment management firm added 1,354 additional shares and now holds a total of 7,571 shares of General Mills which is valued at $544,658. General Mills makes up approx 0.04% of Cutler Group Lp’s portfolio.

General Mills opened for trading at $70.49 and hit $70.88 on the upside on Monday, eventually ending the session at $70.63, with a gain of 0.11% or 0.08 points. The heightened volatility saw the trading volume jump to 24,28,695 shares. Company has a market cap of $42,168 M.

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.

Leave a Reply

General Mills - Is it time to Sell?

Top Brokerage Firms are advising their investors on General Mills. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.