General Mills (GIS) : Jones Financial Companies Lllp reduced its stake in General Mills by 29.2% during the most recent quarter end. The investment management company now holds a total of 94,720 shares of General Mills which is valued at $5,796,864 after selling 39,062 shares in General Mills , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General Mills makes up approximately 0.02% of Jones Financial Companies Lllp’s portfolio.
Other Hedge Funds, Including , Greenwood Capital Associates sold out all of its stake in GIS during the most recent quarter. The investment firm sold 2,565 shares of GIS which is valued $156,978. Artisan Partners Limited Partnership sold out all of its stake in GIS during the most recent quarter. The investment firm sold 389,346 shares of GIS which is valued $23,777,360.Sabal Trust Co reduced its stake in GIS by selling 28,031 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 339,053 shares of GIS which is valued at $21,014,505. General Mills makes up approx 2.39% of Sabal Trust Co’s portfolio.Churchill Management Corp boosted its stake in GIS in the latest quarter, The investment management firm added 470 additional shares and now holds a total of 116,316 shares of General Mills which is valued at $7,201,124. General Mills makes up approx 0.30% of Churchill Management Corp’s portfolio.Chesley Taft Associates reduced its stake in GIS by selling 2,705 shares or 5.02% in the most recent quarter. The Hedge Fund company now holds 51,168 shares of GIS which is valued at $3,161,159. General Mills makes up approx 0.32% of Chesley Taft Associates’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.