K.j. Harrison Partners Inc Lowers stake in General Mills (GIS)

General Mills (GIS) : K.j. Harrison Partners Inc reduced its stake in General Mills by 14.29% during the most recent quarter end. The investment management company now holds a total of 30,000 shares of General Mills which is valued at $2,116,500 after selling 5,000 shares in General Mills , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.General Mills makes up approximately 1.11% of K.j. Harrison Partners Inc’s portfolio.

Other Hedge Funds, Including , Calamos Advisors boosted its stake in GIS in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 65,643 shares of General Mills which is valued at $4,631,114. General Mills makes up approx 0.04% of Calamos Advisors’s portfolio.Robeco Institutional Asset Management B.v. boosted its stake in GIS in the latest quarter, The investment management firm added 117,614 additional shares and now holds a total of 803,805 shares of General Mills which is valued at $57,246,992. General Mills makes up approx 0.42% of Robeco Institutional Asset Management B.v.’s portfolio.Americafirst Capital Management boosted its stake in GIS in the latest quarter, The investment management firm added 3,936 additional shares and now holds a total of 34,140 shares of General Mills which is valued at $2,447,838. General Mills makes up approx 1.69% of Americafirst Capital Management’s portfolio.Investment Counsel reduced its stake in GIS by selling 156 shares or 1.61% in the most recent quarter. The Hedge Fund company now holds 9,552 shares of GIS which is valued at $684,878. General Mills makes up approx 0.54% of Investment Counsel’s portfolio.Sonora Investment Management boosted its stake in GIS in the latest quarter, The investment management firm added 131 additional shares and now holds a total of 1,965 shares of General Mills which is valued at $142,030. General Mills makes up approx 0.08% of Sonora Investment Management’s portfolio.

General Mills opened for trading at $71.19 and hit $72.22 on the upside on Friday, eventually ending the session at $71.89, with a gain of 0.77% or 0.55 points. The heightened volatility saw the trading volume jump to 27,28,776 shares. Company has a market cap of $42,920 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.

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