General Mills (GIS) : Transamerica Financial Advisors scooped up 44,340 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 108,111 shares of General Mills which is valued at $7,694,260.General Mills makes up approximately 0.76% of Transamerica Financial Advisors’s portfolio.
Other Hedge Funds, Including , Hsbc Holdings Plc reduced its stake in GIS by selling 91,591 shares or 10.18% in the most recent quarter. The Hedge Fund company now holds 808,290 shares of GIS which is valued at $57,525,999. General Mills makes up approx 0.19% of Hsbc Holdings Plc’s portfolio.Employees Retirement System Of Texas boosted its stake in GIS in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 40,000 shares of General Mills which is valued at $2,846,800. General Mills makes up approx 0.04% of Employees Retirement System Of Texas’s portfolio.Bessemer Group Inc boosted its stake in GIS in the latest quarter, The investment management firm added 303 additional shares and now holds a total of 18,250 shares of General Mills which is valued at $1,298,853. General Mills makes up approx 0.01% of Bessemer Group Inc’s portfolio.
General Mills opened for trading at $70.99 and hit $71.57 on the upside on Monday, eventually ending the session at $71.42, with a gain of 0.78% or 0.55 points. The heightened volatility saw the trading volume jump to 24,89,582 shares. Company has a market cap of $42,639 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.