Fruth Investment Management Lowers stake in General Mills (GIS)

General Mills (GIS) : Fruth Investment Management reduced its stake in General Mills by 3.23% during the most recent quarter end. The investment management company now holds a total of 32,965 shares of General Mills which is valued at $2,042,182 after selling 1,100 shares in General Mills , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.General Mills makes up approximately 1.03% of Fruth Investment Management’s portfolio.

Other Hedge Funds, Including , Weaver C. Barksdale Associates reduced its stake in GIS by selling 1,700 shares or 10.95% in the most recent quarter. The Hedge Fund company now holds 13,825 shares of GIS which is valued at $856,459. General Mills makes up approx 1.47% of Weaver C. Barksdale Associates’s portfolio.Cutler Group Lp reduced its stake in GIS by selling 2,197 shares or 29.02% in the most recent quarter. The Hedge Fund company now holds 5,374 shares of GIS which is valued at $335,553. General Mills makes up approx 0.02% of Cutler Group Lp’s portfolio.West Oak Capital boosted its stake in GIS in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 20,745 shares of General Mills which is valued at $1,293,658. General Mills makes up approx 0.90% of West Oak Capital’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.Beacon Financial Group reduced its stake in GIS by selling 9,645 shares or 7.72% in the most recent quarter. The Hedge Fund company now holds 115,300 shares of GIS which is valued at $7,190,108. General Mills makes up approx 1.51% of Beacon Financial Group’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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