First Premier Bank buys $840,592 stake in General Mills (GIS)

General Mills (GIS) : First Premier Bank scooped up 110 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 13,510 shares of General Mills which is valued at $840,592.General Mills makes up approximately 0.64% of First Premier Bank’s portfolio.

Other Hedge Funds, Including , Alta Capital Management reduced its stake in GIS by selling 980 shares or 22.18% in the most recent quarter. The Hedge Fund company now holds 3,439 shares of GIS which is valued at $213,975. General Mills makes up approx 0.01% of Alta Capital Management’s portfolio.Hills Bank Trust Co reduced its stake in GIS by selling 10 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 27,705 shares of GIS which is valued at $1,729,900. General Mills makes up approx 0.63% of Hills Bank Trust Co’s portfolio.Salem Capital Management Inc reduced its stake in GIS by selling 1,800 shares or 19.15% in the most recent quarter. The Hedge Fund company now holds 7,600 shares of GIS which is valued at $474,544. General Mills makes up approx 0.26% of Salem Capital Management Inc’s portfolio.Eqis Capital Management boosted its stake in GIS in the latest quarter, The investment management firm added 4,831 additional shares and now holds a total of 12,596 shares of General Mills which is valued at $785,487. General Mills makes up approx 0.05% of Eqis Capital Management’s portfolio.

General Mills closed down -0.49 points or -0.78% at $61.95 with 30,07,468 shares getting traded on Tuesday. Post opening the session at $62.28, the shares hit an intraday low of $61.71 and an intraday high of $62.38 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, General Mills reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 21, 2016. Analyst had a consensus of $0.75. The company had revenue of $3900.00 million for the quarter, compared to analysts expectations of $3915.06 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

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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