Northstar Group Lowers stake in General Mills (GIS)

General Mills (GIS) : Northstar Group reduced its stake in General Mills by 1.35% during the most recent quarter end. The investment management company now holds a total of 10,980 shares of General Mills which is valued at $671,976 after selling 150 shares in General Mills , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General Mills makes up approximately 0.48% of Northstar Group’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co reduced its stake in GIS by selling 1,379,570 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 16,686,243 shares of GIS which is valued at $1,021,198,072. General Mills makes up approx 0.50% of Massachusetts Financial Services Co’s portfolio.Columbia Asset Management reduced its stake in GIS by selling 1,160 shares or 7.89% in the most recent quarter. The Hedge Fund company now holds 13,538 shares of GIS which is valued at $830,962. General Mills makes up approx 0.01% of Columbia Asset Management’s portfolio.Spot Trading L.l.c reduced its stake in GIS by selling 44,258 shares or 34.99% in the most recent quarter. The Hedge Fund company now holds 82,231 shares of GIS which is valued at $5,067,897. General Mills makes up approx 0.84% of Spot Trading L.l.c’s portfolio.Shell Asset Management Co reduced its stake in GIS by selling 24,132 shares or 5.12% in the most recent quarter. The Hedge Fund company now holds 447,509 shares of GIS which is valued at $27,736,608. General Mills makes up approx 0.69% of Shell Asset Management Co’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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