Filing Analysis: As General Mls INC (Call) (GIS) Share Value Declined, Holder Hilltop Park Associates LLC Lowered Position by $6.30 Million

Filing Analysis: As General Mls INC (Call) (GIS) Share Value Declined, Holder Hilltop Park Associates LLC Lowered Position by $6.30 Million

Stanley Shopkorn decreased its stake in General Mls Inc (Call) (GIS) by 80% based on its latest 2016Q3 regulatory filing with the SEC. Hilltop Park Associates Llc sold 100,000 shares as the company’s stock declined 11.20% while stock markets rallied. The hedge fund run by Stanley Shopkorn held 25,000 shares of the consumer non-durables company at the end of 2016Q3, valued at $1.59 million, down from 125,000 at the end of the previous reported quarter. Hilltop Park Associates Llc who had been investing in General Mls Inc (Call) for a number of months, seems to be less bullish one the $34.54B market cap company. The stock decreased 0.18% or $0.11 during the last trading session, hitting $60.45. General Mills, Inc. (NYSE:GIS) has declined 5.58% since June 7, 2016 and is downtrending. It has underperformed by 13.00% the S&P500.

Hilltop Park Associates Llc, which manages about $351.70M and $54.05M US Long portfolio, upped its stake in Micron Technology Inc (NASDAQ:MU) by 200,000 shares to 250,000 shares, valued at $4.45 million in 2016Q3, according to the filing.

Stanley Shopkorn and Douglas Day worked together at Douis Bacon’s Moore Capital Management until 2009, when they broke away to co-found a hedge fund focusing on long/short equity. They named their firm Hilltop Park Associates. Hilltop Park Associates Llc is a New York-based hedge fund that was founded by Stanley Shopkorn And Douglas Day. It had more than $351.70 million assets under management in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Hilltop Park Associates latest Adv, the fund reported to have 7 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 0.77 in Q3 2016. Its down 0.20, from 0.97 in 2016Q2. The ratio is negative, as 71 funds sold all GIS shares owned while 442 reduced positions. 93 funds bought stakes while 301 increased positions. They now own 395.53 million shares or 3.09% less from 408.16 million shares in 2016Q2. Jnba Fincl Advsr has invested 0.02% of its portfolio in General Mills, Inc. (NYSE:GIS). Perkins Mgmt Limited Liability Co has invested 0.03% of its portfolio in General Mills, Inc. (NYSE:GIS). Manufacturers Life Insur Co The owns 583,592 shares or 0.06% of their US portfolio. State Board Of Administration Of Florida Retirement Systems holds 0.17% of its portfolio in General Mills, Inc. (NYSE:GIS) for 864,101 shares. Teacher Retirement Sys Of Texas accumulated 40,898 shares or 0.02% of the stock. Lenox Wealth Management holds 0.06% of its portfolio in General Mills, Inc. (NYSE:GIS) for 1,247 shares. Greenleaf Trust accumulated 0.01% or 3,985 shares. Freestone Cap Limited Com reported 37,854 shares or 0.22% of all its holdings. Old National Comml Bank In reported 44,843 shares or 0.16% of all its holdings. Parallax Volatility Advisers Lp holds 168,630 shares or 0.02% of its portfolio. The Australia-based Commonwealth Bancorp Of Australia has invested 0.05% in General Mills, Inc. (NYSE:GIS). Wesbanco State Bank has 198,694 shares for 0.75% of their US portfolio. Cap Ww holds 0.05% of its portfolio in General Mills, Inc. (NYSE:GIS) for 3.25M shares. Advisory Ntwk Limited Liability Co last reported 0.02% of its portfolio in the stock. Transamerica Finance Advisors reported 118,964 shares or 0.82% of all its holdings.

Insider Transactions: Since July 15, 2016, the stock had 0 insider buys, and 3 sales for $10.14 million net activity. The insider Church John R sold 99,373 shares worth $7.07 million. $711,149 worth of shares were sold by ROSE MICHAEL D on Thursday, August 18. 27,890 shares were sold by Young Jerald A, worth $2.01 million. HARMENING JEFFREY L sold $2.36 million worth of stock.

More notable recent General Mills, Inc. (NYSE:GIS) news were published by: Nasdaq.com which released: “General Mills, Inc. (GIS) Ex-Dividend Date Scheduled for January 06, 2017” on January 05, 2017, also Seekingalpha.com with their article: “General Mills: High Total Return And Steady Income In A Defensive Business” published on January 10, 2017, Wsj.com published: “General Mills Earnings Decline; Sales Outlook Lowered” on December 20, 2016. More interesting news about General Mills, Inc. (NYSE:GIS) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Ethan Allen Interiors, General Mills and Darden Restaurants” published on January 04, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: General Mills Inc., 30.0% Follow-Through Indicator …” with publication date: December 20, 2016.

According to Zacks Investment Research, “General Mills, Inc. is one of the leading producers of packaged consumer foods and markets its products primarily through its own sales organizations, supported by advertising and other promotional activities. Such products are primarily distributed directly to retail food chains, cooperatives, membership stores and wholesalers.”

General Mills, Inc. (NYSE:GIS) Ratings Coverage

Out of 12 analysts covering General Mills Inc. (NYSE:GIS), 2 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 17% are positive. General Mills Inc. has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of General Mills, Inc. (NYSE:GIS) earned “Outperform” rating by RBC Capital Markets on Monday, December 7. RBC Capital Markets upgraded the stock to “Outperform” rating in Tuesday, July 21 report. Goldman Sachs reinitiated the stock with “Neutral” rating in Tuesday, December 1 report. UBS maintained General Mills, Inc. (NYSE:GIS) on Thursday, September 22 with “Neutral” rating. As per Thursday, July 14, the company rating was maintained by Morgan Stanley. RBC Capital Markets maintained the shares of GIS in a report on Friday, June 17 with “Outperform” rating. On Thursday, March 24 the stock rating was maintained by Goldman Sachs with “Neutral”. The rating was maintained by RBC Capital Markets on Thursday, June 30 with “Outperform”. The rating was maintained by Barclays Capital with “Equal Weight” on Wednesday, December 21. The company was downgraded on Tuesday, September 20 by Consumer Edge.

GIS Company Profile

General Mills, Inc., incorporated on June 20, 1928, is a maker and marketer of branded consumer foods sold through retail stores. The Firm is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Firm has three divisions: U.S. Retail, International, and Convenience Stores and Foodservice. The Firm offers a range of food products with a focus on categories, including 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, and refrigerated and frozen dough. The Company’s products are marketed under various brands, which include Annie’s, Betty Crocker, Bisquick, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto’s, Go-Gurt, Gold Medal, Golden Grahams, Haagen-Dazs, Helpers, Jeno’s, Jus-Rol, Kitano, Kix, La Saltena, Larabar, Latina, Liberte, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino’s, Trix, Wanchai Ferry, Wheaties, Yoki and Yoplait.

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