General Mills (GIS) : Covington Investment Advisors reduced its stake in General Mills by 0.45% during the most recent quarter end. The investment management company now holds a total of 55,130 shares of General Mills which is valued at $3,923,602 after selling 250 shares in General Mills , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.General Mills makes up approximately 1.70% of Covington Investment Advisors’s portfolio.
Other Hedge Funds, Including , Fayez Sarofim Co boosted its stake in GIS in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 37,458 shares of General Mills which is valued at $2,665,886. General Mills makes up approx 0.01% of Fayez Sarofim Co’s portfolio.Salient Capital Advisors reduced its stake in GIS by selling 10,662 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 161,338 shares of GIS which is valued at $11,382,396. General Mills makes up approx 0.25% of Salient Capital Advisors’s portfolio.Gw Henssler Associates Ltd boosted its stake in GIS in the latest quarter, The investment management firm added 1,673 additional shares and now holds a total of 38,493 shares of General Mills which is valued at $2,767,262. General Mills makes up approx 0.31% of Gw Henssler Associates Ltd’s portfolio.Essex Financial Services reduced its stake in GIS by selling 41 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 18,613 shares of GIS which is valued at $1,338,089. General Mills makes up approx 0.31% of Essex Financial Services’s portfolio.
General Mills opened for trading at $71.26 and hit $71.5 on the upside on Friday, eventually ending the session at $71.45, with a gain of 0.25% or 0.18 points. The heightened volatility saw the trading volume jump to 25,43,727 shares. Company has a market cap of $42,657 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.