General Mills (GIS) : Patriot Wealth Management scooped up 3,008 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 112,877 shares of General Mills which is valued at $7,963,472.General Mills makes up approximately 1.52% of Patriot Wealth Management’s portfolio.
Other Hedge Funds, Including , Wespac Advisors added GIS to its portfolio by purchasing 2,963 company shares during the most recent quarter which is valued at $209,040. General Mills makes up approx 0.21% of Wespac Advisors’s portfolio.Paragon Capital Management Ltd reduced its stake in GIS by selling 387 shares or 4.59% in the most recent quarter. The Hedge Fund company now holds 8,053 shares of GIS which is valued at $573,535. General Mills makes up approx 0.30% of Paragon Capital Management Ltd’s portfolio.Murphy Capital Management Inc reduced its stake in GIS by selling 1,450 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 51,100 shares of GIS which is valued at $3,663,870. General Mills makes up approx 0.55% of Murphy Capital Management Inc’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.Hefty Wealth Partners boosted its stake in GIS in the latest quarter, The investment management firm added 3,948 additional shares and now holds a total of 31,033 shares of General Mills which is valued at $2,232,514. General Mills makes up approx 1.80% of Hefty Wealth Partners’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.