Headquartered in Minneapolis, MN Fiscal year ends May NYSE: GIS generalmills.com
General Mills is a global manufacturer and marketer of branded consumer foods and pet products. Its portfolio spans cereals, snacks, meals and baking products, yogurt (outside the U.S. following the divestiture), pet food, and foodservice offerings. Key brands include Cheerios, Nature Valley, Blue Buffalo, Pillsbury, Betty Crocker, Häagen-Dazs, Old El Paso, and Annie's, among others. The company operates through four reportable segments: North America Retail, North America Pet, North America Foodservice, and International. General Mills also holds interests in joint ventures including Cereal Partners Worldwide (with Nestlé) and Häagen-Dazs Japan. The company is pursuing a strategy focused on restoring profitable organic net sales growth through product innovation, renovation, and brand investment, while driving cost savings through its Holistic Margin Management program and a global Transformation initiative. Recent strategic actions include the completed divestiture of the U.S. yogurt business and the sale of the Brazil business. Updated
A record yield on a staples name this large is either the best income entry point in General Mills history or the market pricing in a payout it no longer trusts.
General Mills is now trading at a 7.6% dividend yield, marking its highest dividend yield ever. $GIS https://t.co/ZjCqFxekz2
Tuesday and Wednesday carry the week: AutoZone, KB Home, General Mills, Paychex and Cintas all report inside 48 hours, covering car repair budgets, new home demand, grocery pricing and small business payrolls in one stretch. Of the 24 companies on deck, 14 report before the open.
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General Mills is a global manufacturer and marketer of branded consumer foods and pet products. Its portfolio spans cereals, snacks, meals and baking products, yogurt (outside the U.S. following the divestiture), pet food, and foodservice offerings.
24/7 Wall St.'s 12-month price target for GIS is $38.38, rated Buy. The Wall Street consensus target is $37.00. GIS price prediction →
