Tower Square Investment Management Lowers stake in General Mills (GIS)

General Mills (GIS) : Tower Square Investment Management reduced its stake in General Mills by 3.61% during the most recent quarter end. The investment management company now holds a total of 26,183 shares of General Mills which is valued at $1.7 Million after selling 982 shares in General Mills , the firm said in a disclosure report filed with the SEC on May 12, 2016.General Mills makes up approximately 0.88% of Tower Square Investment Management’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co reduced its stake in GIS by selling 10,795 shares or 12.27% in the most recent quarter. The Hedge Fund company now holds 77,155 shares of GIS which is valued at $5 Million. General Mills makes up approx 0.93% of Paradigm Asset Management Co’s portfolio.Institutional Family Asset Management reduced its stake in GIS by selling 105 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 44,693 shares of GIS which is valued at $2.9 Million. General Mills makes up approx 1.05% of Institutional Family Asset Management’s portfolio. First Personal Financial Services sold out all of its stake in GIS during the most recent quarter. The investment firm sold 500 shares of GIS which is valued $32,260.Bronfman E.l. Rothschild boosted its stake in GIS in the latest quarter, The investment management firm added 2,973 additional shares and now holds a total of 13,928 shares of General Mills which is valued at $865,068. General Mills makes up approx 0.15% of Bronfman E.l. Rothschild’s portfolio.Benedict Financial Advisors Inc boosted its stake in GIS in the latest quarter, The investment management firm added 1,167 additional shares and now holds a total of 55,971 shares of General Mills which is valued at $3.5 Million. General Mills makes up approx 2.13% of Benedict Financial Advisors Inc’s portfolio.

General Mills closed down -0.47 points or -0.75% at $62.45 with 33,13,346 shares getting traded on Friday. Post opening the session at $62.91, the shares hit an intraday low of $62.28 and an intraday high of $62.91 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 $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $0.62. The company had revenue of $4002.40 million for the quarter, compared to analysts expectations of $4083.56 million. The company’s revenue was down -8.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on General Mills. Company shares were Reiterated by Stifel on Mar 24, 2016 to “Buy”, Firm has raised the Price Target to $ 66 from a previous price target of $61 .

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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