First Allied Advisory Services Lowers stake in General Mills (GIS)

General Mills (GIS) : First Allied Advisory Services reduced its stake in General Mills by 7.9% during the most recent quarter end. The investment management company now holds a total of 123,282 shares of General Mills which is valued at $7,544,858 after selling 10,577 shares in General Mills , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General Mills makes up approximately 0.41% of First Allied Advisory Services’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies boosted its stake in GIS in the latest quarter, The investment management firm added 78,222 additional shares and now holds a total of 91,875 shares of General Mills which is valued at $5,622,750. General Mills makes up approx 0.36% of Cubist Systematic Strategies’s portfolio.Bb&t Securities boosted its stake in GIS in the latest quarter, The investment management firm added 4,275 additional shares and now holds a total of 404,646 shares of General Mills which is valued at $25,387,490. General Mills makes up approx 0.38% of Bb&t Securities’s portfolio.Pinnacle Wealth Management Advisory Group reduced its stake in GIS by selling 700 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 13,999 shares of GIS which is valued at $849,039. General Mills makes up approx 0.67% of Pinnacle Wealth Management Advisory Group’s portfolio.Boys Arnold Co Inc reduced its stake in GIS by selling 20 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 9,461 shares of GIS which is valued at $580,716. General Mills makes up approx 0.10% of Boys Arnold Co Inc’s portfolio.

General Mills closed down -0.1 points or -0.16% at $61.26 with 22,27,876 shares getting traded on Monday. Post opening the session at $61.36, the shares hit an intraday low of $60.98 and an intraday high of $61.63 and the price fluctuated in this range throughout the day.Shares ended Monday 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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