Simplex Trading adds General Mills (GIS) to its portfolio

General Mills (GIS) : Simplex Trading added new position in General Mills during the most recent quarter end. The investment management firm now holds 44,954 shares of General Mills which is valued at $2,792,992 , the company said in a statement filed on Oct 7, 2016 with the SEC.General Mills makes up approximately 0.36% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in GIS in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 1,985 shares of General Mills which is valued at $123,328. General Mills makes up approx 0.02% of Advisory Services Network’s portfolio.Lenox Wealth Advisors boosted its stake in GIS in the latest quarter, The investment management firm added 12 additional shares and now holds a total of 1,790 shares of General Mills which is valued at $111,624. General Mills makes up approx 0.03% of Lenox Wealth Advisors’s portfolio.New England Research Management reduced its stake in GIS by selling 2,350 shares or 35.34% in the most recent quarter. The Hedge Fund company now holds 4,300 shares of GIS which is valued at $268,148. General Mills makes up approx 0.23% of New England Research Management’s portfolio.Washington Trust Bank boosted its stake in GIS in the latest quarter, The investment management firm added 87 additional shares and now holds a total of 2,550 shares of General Mills which is valued at $159,018. General Mills makes up approx 0.04% of Washington Trust Bank’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 -0.29 points or -0.46% at $62.13 with 27,59,316 shares getting traded on Friday. Post opening the session at $62.4, the shares hit an intraday low of $61.635 and an intraday high of $62.59 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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