GIS - General Mills, Inc.

NYSE - NYSE Delayed price. Currency in USD
51.60
-0.06 (-0.12%)
At close: 4:00PM EST

51.60 0.00 (0.00%)
After hours: 4:50PM EST

Stock chart is not supported by your current browser
Previous close51.66
Open51.59
Bid51.65 x 800
Ask51.66 x 1100
Day's range51.26 - 51.99
52-week range36.42 - 56.40
Volume4305035
Avg. volume3,113,243
Market cap31B
Beta (5Y Monthly)0.70
PE ratio (TTM)16.65
EPS (TTM)3.10
Earnings date18 Dec 2019
Forward dividend & yield1.96 (3.79%)
Ex-dividend date2020-01-09
1y target est54.71
  • Deutsche Bank resumes coverage of 13 food companies
    Yahoo Finance

    Deutsche Bank resumes coverage of 13 food companies

    Deutsche Bank sees opportunity for food companies in 2020. The firm announced Dec. 11 that it would be resuming coverage across 13 large-cap food companies. 

  • Scholastic (SCHL) to Post Q2 Earnings: What's in the Offing?
    Zacks

    Scholastic (SCHL) to Post Q2 Earnings: What's in the Offing?

    Digital efforts and strength in international markets are expected to get reflected in Scholastic's (SCHL) Q2 results. However, any fluctuation in foreign currency might have been a drag.

  • Paychex (PAYX) to Report Q2 Earnings: What's in the Offing?
    Zacks

    Paychex (PAYX) to Report Q2 Earnings: What's in the Offing?

    Paychex's (PAYX) second-quarter fiscal 2020 earnings and revenues are expected to have increased year over year.

  • What's in Store for Herman Miller's (MLHR) Q2 Earnings?
    Zacks

    What's in Store for Herman Miller's (MLHR) Q2 Earnings?

    Herman Miller's (MLHR) second-quarter fiscal 2020 earnings and revenues are expected to have increased year over year.

  • Factors to Watch Ahead of General Mills' (GIS) Q2 Earnings
    Zacks

    Factors to Watch Ahead of General Mills' (GIS) Q2 Earnings

    General Mills' (GIS) second-quarter fiscal 2020 results are expected to reflect gains from global growth strategies and cost-saving efforts.

  • Hot Scoop! Ben & Jerry's Needs to Watch Out
    Bloomberg

    Hot Scoop! Ben & Jerry's Needs to Watch Out

    (Bloomberg Opinion) -- Nestle SA Chief Executive Officer Mark Schneider just proved his ability to be both strategic and creative as he methodically shapes the Swiss food giant, scooping and scraping up where he can.The company, which spans water, pet food and coffee, on Wednesday agreed to sell its U.S. ice cream business for $4 billion to Froneri, the joint venture it created three years ago with private equity group PAI Partners. The price equates to 2.2 times Nestle’s U.S. ice cream sales in 2018, similar to the multiple European rival Unilever NV achieved when it sold its spreads business to KKR & Co. almost exactly two years ago. That looks reasonable for Nestle’s unit, which includes the Haagen-Dazs brand in the U.S.With the sale, Schneider, a German-American educated at Harvard Business School, is very close to his target of changing up 10% of Nestle’s portfolio, helping to keep activist investor Dan Loeb happy. An outright sale would have been cleaner. But given that Froneri already holds Nestle’s European ice-cream assets, it was probably the easiest option.Nestle and PAI will each inject some funds into the joint venture to facilitate the deal. Even so Nestle should still receive between $3 billion and $4 billion in cash from the proceeds.Most importantly, there is scope for a fuller exit in time. PAI could acquire Nestle’s stake in the joint venture, or, more likely, the two could pursue an initial share sale for Froneri. Increasing sales growth, elevating profitability by developing Haagen-Dazs and cutting costs could potentially generate further value for Nestle in a few years’ time.That Nestle has been able to find a creative way to offload ice cream is encouraging. Schneider had already tackled many of the obvious disposal candidates within the group, including the U.S. confectionery and skincare divisions.Stay tuned for more. He may be equally imaginative with other parts of the group, such as its joint ventures in cereals with General Mills Inc., the U.S. maker of Cheerios, and in chilled dairy with Lactalis International, the French milk and cheese company.For example, Nestle has a few more ice cream divisions in Canada, Latin America and Asia that could be folded into Froneri in due course. But it’s likely Nestle didn’t want to rush it to avoid a bout of indigestion. There are other disposal candidates elsewhere in the group. It is already selling its Herta cooked meats business, while Bloomberg News has reported that it’s weighing the $1 billion sale of two Chinese brands.At least some parts of  the U.S. frozen-food division, such as pizzas, could be put on the block, although Nestle has so far stressed its commitment to staying in the business of frozen food. It doesn’t want to miss out on the latest trends with people cooking less and cutting down on meat, which has created a boom in vegetarian and vegan dishes. And although Nestle has restructured its waters business, indicating it wants to keep this division rather than offload it, it could always decide to carve out for sale the part that delivers bottles and dispensers directly to homes and offices.And of course there is Nestle’s stake in L’Oreal SA, although so far the group has remained committed to this. Nestle doesn’t need the money. Even with returning $20 billion to shareholders, year-end net debt is estimated just 1.4 times Ebitda. Deleveraging isn’t part of the strategy, indicating further capital returns. A wild card would be a big deal, for example in medical nutrition.In the meantime, it’s a question of delivering on Schneider’s strategy of steering a steady course between revenue-driven start-ups that make little profit and companies that prioritize margin expansion at the expense of investing in growth. So far, this has paid off for Nestle shareholders, with the stock up 27% this year. But the turn of events may be slightly worrying for Magnum owner Unilever, which now faces a more muscular competitor in ice cream.While Schneider has exhibited laser-like focus in M&A, Unilever’s relatively new CEO Alan Jope and incoming chairman, Nils Andersen, face the challenge of integrating the plethora of small acquisitions the Anglo-Dutch owner of Ben & Jerry’s has made over the past few years, all while trying to elevate sales growth.That was already a tall order. Now they’ll need to add avoiding a malfunction in the frozen aisle to their to-do list.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • General Mills (GIS) Earnings Expected to Grow: Should You Buy?
    Zacks

    General Mills (GIS) Earnings Expected to Grow: Should You Buy?

    General Mills (GIS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Target CEO thinks this new food brand will be its biggest brand ever
    Yahoo Finance

    Target CEO thinks this new food brand will be its biggest brand ever

    Target is all in on this new private label food brand.

  • 3 Top Dividend Stocks to Maximize Your Retirement Income - December 11, 2019
    Zacks

    3 Top Dividend Stocks to Maximize Your Retirement Income - December 11, 2019

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • Business Wire

    Honey Nut Cheerios Changes Iconic O’s Into Heart Shapes

    America’s favorite cereal is adding happy heart shapes to Honey Nut Cheerios and original yellow-box Cheerios to help bring the heart health conversation to the forefront in a fun, light-hearted way. Just in time for the start of the new year, the limited-edition boxes will contain heart shapes along with the iconic "O".

  • Rite Aid (RAD) to Report Q3 Earnings: What's in the Cards?
    Zacks

    Rite Aid (RAD) to Report Q3 Earnings: What's in the Cards?

    Rite Aid's (RAD) third-quarter fiscal 2020 results are expected to reflect progress on its growth strategy. Weak front-end same-store sales and Retail Pharmacy segment might have been drags.

  • General Mills (GIS) Gains As Market Dips: What You Should Know
    Zacks

    General Mills (GIS) Gains As Market Dips: What You Should Know

    In the latest trading session, General Mills (GIS) closed at $53.24, marking a +0.15% move from the previous day.

  • Will the FedEx (FDX) Stock Disappoint Again in Q2 Earnings?
    Zacks

    Will the FedEx (FDX) Stock Disappoint Again in Q2 Earnings?

    Persistent weakness in the Express segment due to the trade tensions and escalating costs are likely to have weighed on FedEx's (FDX) Q2 results.

  • NIKE (NKE) to Report Q2 Earnings: What's in the Offing?
    Zacks

    NIKE (NKE) to Report Q2 Earnings: What's in the Offing?

    NIKE's (NKE) second-quarter fiscal 2020 results are expected to reflect strength across its digital platform and gains from innovation pipeline. Higher costs and tariffs might have been drags.

  • Here's Why Costco (COST) Q1 Earnings Are Likely to Improve
    Zacks

    Here's Why Costco (COST) Q1 Earnings Are Likely to Improve

    Costco's (COST) growth strategies, better price management, decent comparable sales performance and strong membership trends are likely to have fueled first-quarter top line.

  • Ciena (CIEN) to Report Q4 Earnings: What's in the Cards?
    Zacks

    Ciena (CIEN) to Report Q4 Earnings: What's in the Cards?

    Ciena's (CIEN) fiscal fourth-quarter performance is likely to have benefited from market share gains owing to technology leadership and diversified customer base in high-growth markets.

  • Here's How Tailored Brands (TLRD) Looks Ahead of Q3 Earnings
    Zacks

    Here's How Tailored Brands (TLRD) Looks Ahead of Q3 Earnings

    Tailored Brands' (TLRD) soft retail business and strained margins remain concerns. However, its transformation efforts to boost customer experience and personalization appear encouraging.

  • Target is the Yahoo Finance 2019 Company of the Year
    Yahoo Finance

    Target is the Yahoo Finance 2019 Company of the Year

    Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.

  • Zacks Earnings Trends Highlights: Costco, Adobe, FedEx and General Mills
    Zacks

    Zacks Earnings Trends Highlights: Costco, Adobe, FedEx and General Mills

    Zacks Earnings Trends Highlights: Costco, Adobe, FedEx and General Mills

  • Business Wire

    Cinnamon Toast Crunch & Milk Bar Collaboration Serves Up Epic Cinnamon-Sugar Mashups

    Cinnamon Toast Crunch is answering fans’ fervent calls for Cinnamilk by joining forces with beloved dessert company Milk Bar®. Just in time for the holidays, the brands will launch a limited-edition do-it-yourself beverage mix and two Milk Bar dessert creations with a cinna-sugar twist, exclusively available at select Milk Bar locations and online.

  • Looking Ahead to the Q4 Earnings Season
    Zacks

    Looking Ahead to the Q4 Earnings Season

    Looking Ahead to the Q4 Earnings Season

  • Chewy (CHWY) to Report Q3 Earnings: What's in the Offing?
    Zacks

    Chewy (CHWY) to Report Q3 Earnings: What's in the Offing?

    Strength in Chewy Pharmacy is expected to get reflected in Chewy's (CHWY) Q3 results. However, any deleverage in SG&A costs might have been a drag.

  • Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 04, 2019
    Zacks

    Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - December 04, 2019

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • TEST Business Wire Releases

    Oui by Yoplait Named a 2019 "Breakthrough Innovation" in Nielsen Report

    Oui by Yoplait named a "Breakthrough Innovation" in Nielsen’s 2019 Breakthrough Innovation Report. Oui by Yoplait launches new Dairy Free line.