General Mills, Inc. (GIS) - NYSE
  • Thu, Jun. 23, 10:09 AM
    • General Mills (GIS +0.2%) appoints Jeffrey Harmening to the newly created President and COO position responsible for global operations.
    • Harmening is a 22-year company veteran and has served as the EVP and COO of the $10B U.S. Retail segment since May 2014.
    | Thu, Jun. 23, 10:09 AM | 4 Comments
  • Fri, Jun. 17, 3:07 PM
    • Susquehanna issued a detailed report on IRI scanner data trends in the food and beverage industry.
    • The investment firm noted that soda drink volume fell 2.8% Y/Y for the 12-week period ending on June 5. PepsiCo (NYSE:PEP) volume was down 5%, compared to 1.3% decline for Coca-Cola KO and 1.9% fall-off for Dr. Pepper Snapple (NYSE:DPS).
    • K-cup revenue was up 8% for the 12 weeks as J.M. Smucker (NYSE:SJM). Starbucks (NASDAQ:SBUX), and Dunkin' Brands (NASDAQ:DNKN) all showed strong volume amid ongoing pricing pressure. K-cup sales decelerated for Kraft Heinz (NASDAQ:KHC) and could turn negative if pricing pressure sustains.
    • In the yogurt category, scanner data over four weeks confirmed that General Mills (NYSE:GIS) is losing market share to Chobani and Danone (OTCQX:DANOY). Susquehanna tips that Chobani may be prepping for a sale.
    • General Mills beat out Kellogg (NYSE:K) in the cereal category as its 12-week sales growth of +2.3% easily topped Kellogg's 2.2% decline.
    • Pricing with beer is helping to make up for continued volume pressure. Across the sector, pricing was recorded as 2.5% higher for the 12 weeks of data.
    • Beer volume: Anheuser-Busch InBev (NYSE:BUD) -1.8%, MillerCoors (OTCPK:SBMRY, TAP) -2.7%, Boston Beer (NYSE:SAM) -2.1%.
    • Susquehann'a Pablo Zuniac put together the deep dive into the scanned data.
    • Within the F&B sector, he has BUD, THS, WWAV, TAP, and KHC rated at Positive.
    | Fri, Jun. 17, 3:07 PM | 10 Comments
  • Fri, Jun. 17, 11:20 AM
    • RBC Capital boosts its price target on General Mills (GIS -0.9%) to $70 which is above the stock's all-time high.
    • "Our analysis suggests that U.S. sales may finally be turning, and that significant EBIT margin upside exist," notes RBC Capital.
    • The investment firm also points out that General Mills will lap Wal-Mart's clean-store initiative this year and will see easier comparisons for the yogurt business.
    | Fri, Jun. 17, 11:20 AM | 4 Comments
  • Wed, Jun. 15, 10:05 AM
    • Panera Bread (PNRA +0.1%) is beginning to flex its muscles in the grocery store channel in what could be an increasing challenge to major food companies such as General Mills (GIS +0.2%), Campbell Soup (CPB -0.5%), Hormel Foods (HRL +0.2%), and Kraft Heinz (KHC +0.1%).
    • Some analysts think that Panera's strong brand recognition with consumers as a healthy alternative gives it a chance to dent the dominance of canned soup and canned meat sellers.
    • Campbell Soup CEO Denise Morrison was put on the defensive on the company's last earnings call about the threat from Panera and others in the chilled soup category.
    • Morrison talked about the smaller base that Panera is growing from, but also conceded that the company would have to stay active in the fresh and organic categories - instead of just relying on its iconic brands.
    • Campbell Soup earnings call transcript
    • Previously: Panera Bread's clean commitment extends to grocery stores (June 15)
    | Wed, Jun. 15, 10:05 AM | 9 Comments
  • Wed, Jun. 8, 12:03 PM
    • General Mills (GIS -0.1%) announced a strategic partnership with the largest organic cooperative in the U.S. that will help about 20 dairy farms add around 3,000 acres to organic dairy production over the next three years.
    • This strategic alignment will build General Mills' relationships with the organic farmers who will be supporting its yogurt operating unit in the U.S., which includes brands like Yoplait, Annie's, Liberté and Mountain High.
    • Press release
    | Wed, Jun. 8, 12:03 PM | 1 Comment
  • Mon, Jun. 6, 3:25 PM
    • General Mills (GIS -0.3%) plans to introduce its first new cereal brand in 15 years later this month with the launch of Tiny Toast.
    • Tiny Toast contains real fruit and natural flavors and is absent any artificial flavors or high fructose corn syrup.
    • The company has been focusing on brand extensions over the costs and risks associated with a new brand.
    • Tiny Toast Tumlbr page
    | Mon, Jun. 6, 3:25 PM | 6 Comments
  • Thu, Jun. 2, 9:35 AM
    • The CDC has issued an update on a multi-state E. Coli outbreak tied to contaminated flour.
    • CDC statement: "Collaborative investigative efforts of state, local, and federal health and regulatory officials indicate that flour produced at General Mills’ Kansas City, Missouri facility is a likely source of this outbreak."
    • The case involves 38 people spread across 20 states at last count.
    • GIS -0.21% to $63.03 in opening trades.
    • Previously: General Mills recalls some kitchens flour products due to possible E. coli risk (May 31)
    | Thu, Jun. 2, 9:35 AM
  • Thu, Jun. 2, 9:24 AM
    • May monthly performance was: +0.27%
    • AUM of $14.7B
    • 52-week performance vs. the S&P 500 is: +5%
    • No dividends were paid in May
    • Top 10 Holdings as of 3/31/2016: General Mills Inc (GIS): 3.42%, AT&T Inc (T): 3.01%, Coca-Cola Co (KO): 2.95%, Campbell Soup Co (CPB): 2.79%, Exelon Corp (EXC): 2.29%, The Hartford Financial Services Group Inc (HIG): 2.25%, Heineken NV (OTCQX:HINKF): 2.16%, The Kraft Heinz Co (KHC): 1.98%, Suncor Energy Inc (SU): 1.87%, PPL Corp (PPL): 1.87%
    | Thu, Jun. 2, 9:24 AM
  • Tue, May 31, 2:29 PM
    • General Mills (GIS -0.4%) says it's collaborating with health officials in an investigation over a multistate outbreak of E. coli O121 that may be potentially linked to Gold Medal flour, Wondra flour, and Signature Kitchens flour (sold in Safeway, Albertsons, Jewel, Shaws, Vons, United, Randalls, and Acme.)
    • The products have been recalled out of what the company calls an abundance of caution that some raw dough could be contaminated.
    • Source: Press Release
    | Tue, May 31, 2:29 PM | 1 Comment
  • Wed, May 25, 7:33 AM
    • General Mills (NYSE:GIS) files a patent with the USPTO on the use of yogurt whey.
    • The company's patent application describes a manner to use neutralized yogurt whey byproduct in other food items such as cereal, soup, or snacks.
    | Wed, May 25, 7:33 AM | 2 Comments
  • Tue, May 24, 7:52 AM
    • Goldman Sachs downgrades General Mills (NYSE:GIS) to a Sell rating after having the food stock lined up at Neutral.
    • Analyst Jason English factors in the risk of expensive acquisitions by General Mills and an industry-wide  choppy business environment in making his call.
    • Goldman's price target on GIS is dropped to $58.
    | Tue, May 24, 7:52 AM | 12 Comments
  • Tue, May 10, 3:13 PM
    • Citi speculates that 3G may take a look at General Mills (GIS +1.5%) as its next major food deal.
    • The investment firm thinks shares of GIS would be worth $86 if 3G pulled the trigger on the acquisition.
    • Bloomberg Gadfly dissected the 3G-General Mills scenario earlier in the year.
    | Tue, May 10, 3:13 PM | 11 Comments
  • Mon, May 2, 7:30 AM
    • April monthly performance was: +1.25%
    • AUM of $14B
    • 52-week performance vs. the S&P 500 is: +7%
    • No dividends were paid in April
    • Top 10 Holdings as of 12/31/2015: General Mills Inc (GIS): 3.41%, Coca-Cola Co (KO): 2.73%, Campbell Soup Co (CPB): 2.68%, AT&T Inc (T): 2.57%, Heineken NV (OTCQX:HINKF): 2.37%, The Kraft Heinz Co (KHC): 1.98%, Eli Lilly and Co (LLY): 1.9%, Exelon Corp (EXC): 1.88%, Walgreens Boots Alliance Inc (WBA): 1.87%, PPL Corp (PPL): 1.82%
    | Mon, May 2, 7:30 AM
  • Sun, Apr. 24, 6:27 PM
    • via Credit Suisse, the 15 hottest large cap "rising stars," followed by the number of large cap funds that own them, and the change vs. prior quarter.
    • SYF - Synchrony Financial, 74 | 47
    • MSFT - Microsoft, 350 | 36
    • GOOGL - Alphabet 324 | 39
    • MCD - McDonald's, 104 | 24
    • DAL - Delta Air Lines, 114 | 19
    • GPN - Global Payments, 34 | 19
    • TSN - Tyson Foods, 61 | 18
    • CVX - Chrvron, 180 | 17
    • DFS - Discover, 90 | 16
    • RTN - Raytheon, 85 | 16
    • WFC - Wells Fargo, 250 | 16
    • GIS - General Mills, 63 | 15
    • JPM - JPMorgan Chase, 276 | 15
    • URI - United Rentals, 36 | 15
    • CBS - CBS Corp., 65 | 14
    • CMCSA - Comcast, 223 | 14
    • "We are wary of owning too many Rising Stars, as the potential for differentiation has diminished,"
    | Sun, Apr. 24, 6:27 PM | 85 Comments
  • Mon, Apr. 4, 7:32 AM
    • March monthly performance was: +6.31%
    • AUM of $12.6B
    • 52-week performance vs. the S&P 500 is: -1%
    • $0.07 in dividends were paid in March
    • Top 10 Holdings as of 12/31/2015: General Mills Inc (GIS): 3.41%, Coca-Cola Co (KO): 2.73%, Campbell Soup Co (CPB): 2.68%, AT&T Inc (T): 2.57%, Heineken NV (OTCQX:HINKF): 2.37%, The Kraft Heinz Co (KHC): 1.98%, Eli Lilly and Co (LLY): 1.9%, Exelon Corp (EXC): 1.88%, Walgreens Boots Alliance Inc (WBA): 1.87%, PPL Corp (PPL): 1.82%
    | Mon, Apr. 4, 7:32 AM
  • Fri, Apr. 1, 11:32 AM
    • Major food and beverage stocks Kellogg (K +0.5%), General Mills (GIS +1.8%), PepsiCo (PEP +0.6%), and Coca-Cola (KO +0.5%) all trade at or just off their all-time highs.
    • Post Holdings (POST +1%) and Dr. Pepper Snapple (DPS +1.2%) are also within striking distance of their share price high marks after strong runs over the last year.
    • The group of majors has outperformed some of the organic story stocks in the F&B sector as they have innovated into healthier products on their own. Many of the big names also offer generous dividend payouts.
    • Now read Business Models, Great And Poor 
    | Fri, Apr. 1, 11:32 AM | 12 Comments
Company Description
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates through three reportable business segments: U.S. Retail,... More
Industry: Processed & Packaged Goods
Country: United States