General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, and Yoplait trademarks. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. The company operates 466 leased and 392 franchise ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NYSE
Website: generalmills.com
Date | Price Target | Rating | Analyst |
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8/12/2024 | $76.00 | Buy | Goldman |
7/16/2024 | Buy → Hold | Argus | |
5/15/2024 | $62.00 → $70.00 | Underperform → Mkt Perform | Bernstein |
2/1/2024 | $67.00 | Neutral | Citigroup |
12/21/2023 | $74.00 → $72.00 | Sector Perform | RBC Capital Mkts |
9/22/2023 | $74.00 | Hold | HSBC Securities |
9/18/2023 | $71.00 → $69.00 | Neutral | JP Morgan |
9/18/2023 | $88.00 → $77.00 | Overweight | Piper Sandler |
9/13/2023 | $70.00 | Market Perform | TD Cowen |
9/5/2023 | $72.00 | Outperform → Neutral | Exane BNP Paribas |
In conjunction with its participation at the 2024 Barclays Global Consumer Staples Conference, General Mills (NYSE:GIS) provided an update on progress against its three enterprise priorities and reaffirmed its full-year financial outlook for fiscal 2025. "We started fiscal 2025 focused on improving our topline growth by delivering remarkable experiences to consumers," said General Mills Chairman and Chief Executive Officer Jeff Harmening. "And while we still have work to do, we are off to a good start, with sequentially improving retail sales trends across many of our key categories. "As we continue to navigate an evolving operating environment, we remain committed to our key priorities
The first-ever color reveal cupcake and cookie dough pop mixes from Betty Crocker turn green for Elphaba or pink for Glinda, making a magical treat that's sure to be popular To celebrate Universal Pictures' spectacular film adaptation of "Wicked," the beloved stage musical that has thrilled and delighted audiences for two decades, Betty Crocker is unleashing two new "Wicked"-inspired treats that are sure to be popular among baking and theater fans — Betty Crocker's first-ever "mix-to-reveal" kits for Cookie Dough Pops and Cupcakes! This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829766322/en/Universal Pictures' "Wicked" arri
One lucky home cook will win $50,000 as Pillsbury enlists Mama Kelce to host the 52nd iteration of the historic contest celebrating "Holiday Family Favorites" and bringing loved ones together around the table The Pillsbury Bake-Off™ Contest is back for the 52nd iteration, and this time the Doughboy is enlisting help from one of Pillsbury's biggest fans Donna Kelce to celebrate family-favorite holiday dishes and the memories that make them special. Home cooks and bakers nationwide can take their creations from their kitchens to this iconic competition for an opportunity to win the ultimate stamp of approval from Mama Kelce and a celebratory "Hoo, Hoo!" from the Doughboy, along with a grand
General Mills, Inc. (NYSE:GIS) plans to report results for its fiscal 2025 first quarter on September 18, 2024. A press release, pre-recorded management remarks and supporting slides will be issued that morning followed by a webcasted question and answer session on the results at 8 a.m. CT. Interested parties can access these materials and the webcast at www.generalmills.com/investors. # # # About General Mills General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buff
Forget the Ferris Wheel, Kid Cudi is delivering a sweet summertime treat to kitchens everywhere with this new, nostalgic collaboration Kid Cudi, the Grammy-award winning artist and cultural icon, is known for his hit songs, but before summer ends, fans will also know him for his love of funnel cakes. As a self-professed funnel cake connoisseur, Kid Cudi never misses the chance to enjoy the sticky sweet treat — and now he's partnering with Bisquick to bring that same carnival feeling home with the limited-edition Cudi's Funnel Cake Mix. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240822158741/en/Kid Cudi brings his favorite
After gracing the box this spring, sports icon Billie Jean King proudly passes the Wheaties Champion torch to Coco Gauff Wheaties announced today its latest limited-edition box featuring tennis champion and role model for young athletes everywhere, Coco Gauff. Wheaties has been celebrating incredible athletes for more than 100 years, and Gauff's announcement comes on the heels of sports icon and equality champion Billie Jean King's box debut earlier this year, and just in time to kick off at the 2024 US Open Fan Week. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240820996883/en/Coco Gauff makes her Wheaties Box debut at the
General Mills, Inc. (NYSE:GIS) announced that Chairman and Chief Executive Officer Jeff Harmening and Group President of North America Retail Dana McNabb will participate in a fireside chat discussion at the Barclays Global Consumer Staples Conference on Thursday, Sept. 5, 2024, from 12:45-1:30 p.m. ET. A webcast of the discussion and a replay of the event will be available at www.generalmills.com/investors. # # # About General Mills General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nat
General Mills (NYSE:GIS) today announced Asheesh Saksena has been named Chief Strategy & Growth Officer, effective Aug. 26, 2024. He will report to Jeff Harmening, Chairman and CEO, join the Senior Leadership Team, and have global accountability for the company's comprehensive strategic planning process and for building long-term, sustainable plans and capabilities to accelerate growth. Saksena succeeds Dana McNabb, following her prior appointment to Group President, North America Retail. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240718481803/en/Asheesh Saksena has been named Chief Strategy & Growth Officer and will join Ge
The Box Tops app makes it easier than ever for families to support educators this school year Box Tops for Education and EGOT-winning, multiplatinum musician and devoted father, John Legend are teaming up for their new Champion Legendary Teachers campaign, to show families that buying Box Tops products and using the Box Tops app is the easiest way to support educators and earn cash for schools this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240716454822/en/John Legend and Box Tops for Education are teaming up for the Champion Legendary Teachers campaign this Back-to-School season. (Graphic: Business Wire) While fundr
General Mills Board of Directors Declares Dividend Increase Full Year Highlights Net sales of $19.9 billion decreased 1 percent from the prior year; organic net sales1 were 1 percent below year-ago results that grew double digits Operating profit of $3.4 billion essentially matched year-ago results; adjusted operating profit of $3.6 billion was up 4 percent in constant currency Diluted earnings per share (EPS) of $4.31 essentially matched year-ago results; adjusted diluted EPS of $4.52 was up 6 percent in constant currency Fourth Quarter Highlights Net sales of $4.7 billion decreased 6 percent; organic net sales were also down 6 percent Operating profit of $779 million
Goldman initiated coverage of General Mills with a rating of Buy and set a new price target of $76.00
Argus downgraded General Mills from Buy to Hold
Bernstein upgraded General Mills from Underperform to Mkt Perform and set a new price target of $70.00 from $62.00 previously
Citigroup initiated coverage of General Mills with a rating of Neutral and set a new price target of $67.00
RBC Capital Mkts reiterated coverage of General Mills with a rating of Sector Perform and set a new price target of $72.00 from $74.00 previously
HSBC Securities initiated coverage of General Mills with a rating of Hold and set a new price target of $74.00
JP Morgan reiterated coverage of General Mills with a rating of Neutral and set a new price target of $69.00 from $71.00 previously
Piper Sandler reiterated coverage of General Mills with a rating of Overweight and set a new price target of $77.00 from $88.00 previously
TD Cowen initiated coverage of General Mills with a rating of Market Perform and set a new price target of $70.00
Exane BNP Paribas downgraded General Mills from Outperform to Neutral and set a new price target of $72.00
Argus Research analyst Taylor Conrad downgrades General Mills (NYSE:GIS) from Buy to Hold.
BofA Securities analyst Peter Galbo downgraded the shares of WK Kellogg Co (NYSE:KLG) from Neutral to Underperform and lowered the price target from $24 to $17. Volume trends in the packaged food industry have yet to show any meaningful improvement despite the hopes that lapping SNAP (supplemental nutrition assistance program) and a more promotional environment would lead to a volume lift, said the analyst. Commentary and results from main competitor in U.S. Cereal General Mills Inc (NYSE:GIS) was not constructive with its Cereal business down -4% YoY in its May quarter end, noted the analyst. The analyst expects industry trends to remain sluggish for KLG over the next 12 months un
Mizuho analyst John Baumgartner maintains General Mills (NYSE:GIS) with a Neutral and lowers the price target from $70 to $62.
Barclays analyst Andrew Lazar maintains General Mills (NYSE:GIS) with a Equal-Weight and lowers the price target from $72 to $67.
Evercore ISI Group analyst David Palmer maintains General Mills (NYSE:GIS) with a In-Line and lowers the price target from $76 to $72.
B of A Securities analyst Bryan Spillane maintains General Mills (NYSE:GIS) with a Neutral and lowers the price target from $70 to $68.
Citigroup analyst Thomas Palmer maintains General Mills (NYSE:GIS) with a Neutral and lowers the price target from $71 to $68.
Wells Fargo analyst Chris Carey maintains General Mills (NYSE:GIS) with a Equal-Weight and lowers the price target from $70 to $67.
RBC Capital analyst Nik Modi reiterates General Mills (NYSE:GIS) with a Sector Perform and maintains $70 price target.
JP Morgan analyst Ken Goldman maintains General Mills (NYSE:GIS) with a Neutral and lowers the price target from $70 to $63.
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General Mills Board of Directors Declares Dividend Increase Full Year Highlights Net sales of $19.9 billion decreased 1 percent from the prior year; organic net sales1 were 1 percent below year-ago results that grew double digits Operating profit of $3.4 billion essentially matched year-ago results; adjusted operating profit of $3.6 billion was up 4 percent in constant currency Diluted earnings per share (EPS) of $4.31 essentially matched year-ago results; adjusted diluted EPS of $4.52 was up 6 percent in constant currency Fourth Quarter Highlights Net sales of $4.7 billion decreased 6 percent; organic net sales were also down 6 percent Operating profit of $779 million
Net sales of $5.1 billion were down 1 percent in the third quarter and organic net sales1 were also down 1 percent; on a 2-year compound growth basis, net sales were up 6 percent and organic net sales were up 7 percent Operating profit of $911 million was up 25 percent; adjusted operating profit of $914 million increased 14 percent in constant currency Diluted earnings per share (EPS) of $1.17 were up 27 percent; adjusted diluted EPS of $1.17 increased 22 percent in constant currency Company reaffirms full-year fiscal 2024 outlook ¹ Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release. Gen
Board Declares Quarterly Dividend, Continuing 125th Year of Uninterrupted Dividend Payments General Mills, Inc. (NYSE:GIS) today announced the election of Benno O. Dorer and John G. Morikis to its board of directors effective Jan. 29, 2024. The election of Dorer and Morikis reflects the company's thoughtful approach to board succession and refreshment. As the former Chairman and Chief Executive Officer of The Clorox Company (NYSE:CLX), Dorer brings to the board strong executive leadership experience from a global consumer packaged goods company. Dorer served as Chief Executive Officer of Clorox from 2014 to September 2020, Chairman from 2016 to September 2020 and Executive Chairman from
Net sales of $5.1 billion were down 2 percent in the second quarter and organic net sales1 were also down 2 percent; on a 2-year compound growth basis, net sales were up 1 percent and organic net sales were up 4 percent Operating profit of $812 million was up 2 percent; adjusted operating profit of $989 million increased 13 percent in constant currency Diluted earnings per share (EPS) of $1.02 was up 1 percent; adjusted diluted EPS of $1.25 increased 14 percent in constant currency Company updates full-year fiscal 2024 outlook to reflect expectations for slower volume recovery and greater Holistic Margin Management (HMM) cost savings ¹ Please see Note 7 to the Consolidated Fina
The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.59 per share, payable February 1, 2024, to shareholders of record as of January 10, 2024. General Mills (NYSE:GIS) and its predecessor company have paid dividends without interruption for 125 years. # # # About General Mills General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and standing for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Cro
The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.59 per share, payable November 1, 2023, to shareholders of record as of October 10, 2023. General Mills (NYSE:GIS) and its predecessor company have paid dividends without interruption for 125 years. # # # About General Mills General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and standing for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Cro
Net sales of $4.9 billion increased 4 percent; organic net sales also grew 4 percent Operating profit of $930 million was down 14 percent; adjusted operating profit of $899 million increased 2 percent in constant currency Diluted earnings per share (EPS) of $1.14 was down 16 percent; adjusted diluted EPS of $1.09 was down 1 percent in constant currency Company reaffirms full-year fiscal 2024 outlook ¹ Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release. General Mills, Inc. (NYSE:GIS) today reported results for the first quarter ended August 27, 2023. "We delivered growth on the top and
In conjunction with its participation at the 2023 Barclays Global Consumer Staples Conference, General Mills (NYSE:GIS) provided an update on progress against its three enterprise priorities and reaffirmed its full-year financial outlook for fiscal 2024. "We entered fiscal 2024 with a sharp focus on the evolving external environment, headlined by moderating inflation, stabilizing supply chains, and a resilient but increasingly cautious consumer," said General Mills Chairman and Chief Executive Officer Jeff Harmening. "As we navigate this dynamic landscape, we remain committed to executing on our key priorities for this year, which are to continue to compete effectively, improve our supply
General Mills Board of Directors Declares Nine Percent Dividend Increase Full Year Highlights Net sales of $20.1 billion increased 6 percent from the prior year; organic net sales1 were up 10 percent Operating profit of $3.4 billion was down 1 percent; adjusted operating profit of $3.46 billion was up 8 percent in constant currency Diluted earnings per share (EPS) of $4.31 was down 2 percent from the prior year; adjusted diluted EPS of $4.30 was up 10 percent in constant currency Fourth Quarter Highlights Net sales of $5.0 billion increased 3 percent; organic net sales increased 5 percent Operating profit of $818 million was down 19 percent; adjusted operating profit of
Net sales increased 13 percent from the prior year to $5.1 billion; organic net sales1 were up 16 percent Operating profit declined 10 percent to $730 million; adjusted operating profit was up 20 percent in constant currency Diluted earnings per share (EPS) of $0.92 was down 15 percent from the prior year; adjusted diluted EPS of $0.97 was up 17 percent in constant currency Company raises full-year fiscal 2023 outlook ¹ Please see Note 8 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release. General Mills, Inc. (NYSE:GIS) today reported results for its fiscal 2023 third quarter. "We built on our positive momentu
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Billie Jean King paved the way for women — exemplifying what it means to be a trailblazer and Wheaties Champion — both on and off the tennis court. Wheaties announced today its latest limited edition box featuring icon and activist athlete Billie Jean King, a true Wheaties Champion. While this is King's first Wheaties appearance, she's no stranger to firsts on and off the court. She is a highly decorated tennis champion — winning 39 major titles, including a record 20 Wimbledon Championships — and was the first woman athlete to receive the Presidential Medal of Freedom. She's also the first woman to have a sports venue named in her honor, and the first woman to earn over $100,000 in prize
General Mills (NYSE:GIS) today announced it has completed the acquisition of Edgard & Cooper, one of Europe's leading independent premium pet food brands. With this transaction, the company further advances its Accelerate strategy, including the prioritization of its core markets, global platforms and local gem brands to drive sustainable, profitable growth and top-tier shareholder returns over the long term. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429809015/en/General Mills today announced it has completed the acquisition of Edgard & Cooper, one of Europe's leading independent premium pet food brands. Established in 2
Help catch him before St. Patrick's Day with the leprechaun traps on the back of limited-edition boxes of Lucky Charms, as well as a new "Mouse Trap"-inspired board game St. Patrick's Day is around the corner and our favorite leprechaun is nowhere to be found! For the first time, Lucky has taken his mischievous tricks to the next level and used his charms' powers to disappear from limited-edition boxes of the magically delicious cereal. In an effort to catch the popular leprechaun, Lucky Charms is releasing a line-up of trap-inspired fun to help cereal lovers bring Lucky back to his box. This press release features multimedia. View the full release here: https://www.businesswire.com/news
Fans should act fast to score limited-edition boxes of these Cinnadust™ blasted shells featuring football greats JJ Watt and Justin Jefferson This playoff season, legends are coming together on and off the field with the launch of new Old El Paso™ Cinnamon Toast Crunch™ Dessert Taco Shells. These Stand ‘N Stuff™ dessert shells feature the crunch fans love from Old El Paso, now blasted with Cinnamon Toast Crunch's iconic Cinnadust™ for an unbeatable treat. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240205435241/en/Old El Paso™ and Cinnamon Toast Crunch™ are bringing fans together with the first-of-its-kind Dessert Taco Shel
Holistic pet health brand will join the company's new growth equity fund to accelerate disruptive innovation in the food ecosystem General Mills, Inc. (NYSE:GIS) today announced the acquisition of Fera Pets, Inc., a vet-founded pet supplement company, bringing new health-focused offerings to General Mills' pet portfolio. This represents General Mills' first step into the pet supplement category and first acquisition by its newly launched growth equity fund. As the pet food trend toward humanization continues, pet parents are increasingly demanding healthful products they can trust. Fera Pets, Inc. is reimagining pet supplement products by providing vet-created, science-backed supplement
General Mills (NYSE:GIS) today announced the election of C. Kim Goodwin to its board of directors effective June 27, 2022. Goodwin is an experienced financial services professional and seasoned business leader. With her extensive background as a leader at global investment institutions, as well as her years of service as a public company director, she will offer valuable expertise and investor perspectives in the areas of finance and capital markets, shareholder value creation, strategic planning, and global leadership. In addition, Goodwin's role as a board member for The TJX Companies, Inc. (NYSE:TJX) provides her with important perspectives on marketing and consumer insights that are hi
WOKINGHAM, UK / ACCESSWIRE / April 16, 2021 / Ferguson plc announces the appointment of Kelly Baker to the Board as a Non-Executive Director effective May 1, 2021.Kelly, a US citizen, has extensive human resources ("HR") and operational experience having led the people, organizational and cultural development across a number of US based, global public companies. Kelly is currently Executive Vice President ("EVP"), Chief Human Resources Officer ("CHRO") of Pentair plc (NYSE:PNR), a leading manufacturer of water products, a role she has held since December 2017. Prior to this, Kelly was EVP, CHRO at Patterson Companies Inc. (NASDAQ:PDCO), a value-added distributor serving dental and animal hea
VANCOUVER, British Columbia--(BUSINESS WIRE)--Diversified health and wellness; beverage and natural products company, BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) (“BevCanna” or the “Company”) is pleased to announce that leading consumer packaged goods (“CPG”) executive Melise Panetta has been appointed to the role of President of the expanding company. Ms. Panetta is a highly experienced sales, marketing and commercial leader within the CPG sector, having held senior and executive roles at global companies such as General Mills (NYSE:GIS), PepsiCo (Nasdaq:PEP), and S.C. Johnson. Ms. Panetta’s broad experience in both the CPG and cannabis sectors position her well to lea