National Pension Service buys $24,863,979 stake in General Mills (GIS)

General Mills (GIS) : National Pension Service scooped up 31,509 additional shares in General Mills during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 402,460 shares of General Mills which is valued at $24,863,979.General Mills makes up approximately 0.20% of National Pension Service’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in GIS in the latest quarter, The investment management firm added 10,951 additional shares and now holds a total of 125,747 shares of General Mills which is valued at $7,768,650. General Mills makes up approx 0.17% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Msi Financial Services Inc reduced its stake in GIS by selling 667 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 44,916 shares of GIS which is valued at $2,794,674. General Mills makes up approx 0.10% of Msi Financial Services Inc’s portfolio. Searle added GIS to its portfolio by purchasing 4,000 company shares during the most recent quarter which is valued at $249,760. General Mills makes up approx 0.22% of Searle’s portfolio.Nepsis Capital Management boosted its stake in GIS in the latest quarter, The investment management firm added 3,377 additional shares and now holds a total of 110,797 shares of General Mills which is valued at $6,918,165. General Mills makes up approx 3.70% of Nepsis 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.

General Mills closed down -0.44 points or -0.71% at $61.78 with 33,37,151 shares getting traded on Friday. Post opening the session at $62.42, the shares hit an intraday low of $61.73 and an intraday high of $62.48 and the price fluctuated in this range throughout the day.Shares ended Friday 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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