General Mills, Inc.(GIS)- NYSE
  • Wed, Aug. 24, 5:11 PM
    • General Mills (NYSE:GIS) is preparing Jeff Harmening to become its next CEO to succeed Ken Powell, potentially as soon as next year, following his promotion last month to President and COO, WSJ reports.
    • If Harmening is CEO-in-waiting, GIS will have groomed a candidate whose career mirrors Powell's path of returning to the company’s Minneapolis headquarters after spending several years in Europe.
    • Speculation has Christopher O’Leary, chief operating officer for GIS's international operations and the other internal front-runner for the top job, likely taking a CEO position elsewhere.
    | Wed, Aug. 24, 5:11 PM | 4 Comments
  • Tue, Aug. 23, 4:52 AM
    • The CFA Society of Minnesota hosts an under-the-radar conference today and tomorrow with a powerful roster of presenting companies.
    • The event was moved to later in the month this year in a development which pushes many of the companies past the quiet period imposed around their earnings releases.
    • Notable names in attendance will include Target (NYSE:TGT), Delta Air Lines (NYSE:DAL), Stamps.com (NASDAQ:STMP), General Mills (NYSE:GIS), Piper Jaffray (NYSE:PJC), Spectrum Brands (NYSE:SPB), 3M (NYSE:MMM), and AstraZeneca (NYSE:AZN).
    | Tue, Aug. 23, 4:52 AM | 5 Comments
  • Tue, Aug. 2, 10:03 AM
    • July monthly performance was: +1.63%
    • AUM of $16.1B
    • 52-week performance vs. the S&P 500 is: +5%
    • No dividends were paid in July
    • Top 10 Holdings as of 3/31/2016: General Mills Inc (GIS): 3.41805%, AT&T Inc (T): 3.01284%, Coca-Cola Co (KO): 2.95236%, Campbell Soup Co (CPB): 2.78964%, Exelon Corp (EXC): 2.28957%, The Hartford Financial Services Group Inc (HIG): 2.24568%, Heineken NV (OTCQX:HINKF): 2.15959%, The Kraft Heinz Co (KHC): 1.97668%, Suncor Energy Inc (SU): 1.86666%, PPL Corp (PPL): 1.86557%
    | Tue, Aug. 2, 10:03 AM
  • Mon, Jul. 25, 2:32 PM
    • General Mills (GIS +0.6%) says it added additional flour production dates to the previously announced U.S. retail flour recall after four new illnesses linked to E. coli were reported.
    • The company says the illnesses in question continue to be connected with consumers reporting that they ate or handled uncooked dough or ate uncooked batter made with raw flour.
    • E.coli  has been detected in a small number of General Mills flour samples and some have been linked to new patient illnesses that fell outside of the previously recalled dates.
    • General Mills says it isn't sure if the issue is isolated to its flour or is an issue across the flour industry.
    • Source: Press Release
    | Mon, Jul. 25, 2:32 PM | 1 Comment
  • Thu, Jul. 21, 9:19 AM
    • General Mills (NYSE:GIS) says it plans to close one plant and sell another, and unveils a plan to restructure certain product lines in its international segment.
    • GIS says it will close its Vineland, N.J., facility in 2018 to eliminate excess soup capacity in its U.S. retail supply chain, affecting 370 jobs.
    • GIS will sell its Martel, Ohio, plant, which produces dry mixes for its convenience stores food service segment, affecting 180 jobs.
    • GIS also plans to close a snacks manufacturing facility in Brazil and stop production operations for meals and snacks at another Brazilian facility, as well as stop production of certain snack products at its facility in Nanjing, China; these actions will affect a combined 860 positions.
    | Thu, Jul. 21, 9:19 AM | 2 Comments
  • Wed, Jul. 20, 10:11 AM
    • Kellogg (K -3%) slides after CNBC reports that the company is not in talks with Kraft Heinz (KHC -0.8%).
    • General Mills (GIS -0.7%), Lifeway Foods (LWAY -2.1%), and Campbell Soup (CPB -0.5%) are also underperforming. A decent slice of the food sector trades with a M&A premium baked in.
    | Wed, Jul. 20, 10:11 AM | 2 Comments
  • Mon, Jul. 11, 2:12 PM
    • A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
    • The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
    • The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
    • The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
    • Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY,  FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
    | Mon, Jul. 11, 2:12 PM | 37 Comments
  • Wed, Jul. 6, 8:41 AM
    • UBS boosts its price target on General Mills (NYSE:GIS) to $71 from $60 after the company's impressed with its Q4 EPS beat last week ($0.66 vs $0.60 consensus).
    • General Mills has been in the M&A spotlight over the last week as the Mondelez pursuit of Hershey has played out.
    • While the majority of Wall Street firms have missed out on calling the vigorous General Mills rally over the last year, on Seeking Alpha the Dividend Guy and Equity Watch were on the right side of the trade as GIS ran to an all-time high.
    | Wed, Jul. 6, 8:41 AM | 4 Comments
  • Fri, Jul. 1, 4:58 PM
    • General Mills (NYSE:GIS) says it is expanding its recall of flour products after a newly reported illness which appeared to be linked to consumption of raw dough or batter made with flour produced by the company last fall.
    • GIS says it has added products with “better if used by" dates of Aug. 9 or later to its Gold Medal, Wondra and Signature Kitchen brand recalls.
    • GIS is working with health officials to investigate a multi-state outbreak of E. coli that the Centers for Disease Control and Prevention said probably started at the company's Kansas City, Mo., plant.
    | Fri, Jul. 1, 4:58 PM | 13 Comments
  • Fri, Jul. 1, 7:30 AM
    • June monthly performance was: +1.86%
    • AUM of $15.4B
    • 52-week performance vs. the S&P 500 is: +4%
    • $0.07 in dividends were paid in June
    • Top 10 Holdings as of 3/31/2016: General Mills Inc (GIS): 3.41805%, AT&T Inc (T): 3.01284%, Coca-Cola Co (KO): 2.95236%, Campbell Soup Co (CPB): 2.78964%, Exelon Corp (EXC): 2.28957%, The Hartford Financial Services Group Inc (HIG): 2.24568%, Heineken NV (OTCQX:HINKF): 2.15959%, The Kraft Heinz Co (KHC): 1.97668%, Suncor Energy Inc (SU): 1.86666%, PPL Corp (PPL): 1.86557%
    | Fri, Jul. 1, 7:30 AM
  • Thu, Jun. 30, 12:51 PM
    | Thu, Jun. 30, 12:51 PM | 16 Comments
  • Wed, Jun. 29, 8:16 AM
    • General Mills (NYSE:GIS) reports net sales fell 1% on a constant currency basis in FQ4.
    • U.S. Retail sales reduced 12.2% to $2.24B and operating profit -23.8% to $430.5M.
    • International sales decreased 1.5% to $1.2B and operating profit -11.9% to $118M.
    • Convenience Stores and Foodservice sales declined 7.8% to $486.6M and operating profit +5.1% to $105.7M.
    • Adjusted gross margin rate declined 130 bps to 34.4%.
    • SG&A expense rate rose 60 bps to 19.8%.
    • Adjusted operating profit rate -210 bps to 14.6%.
    • The company expects 1-2 cent headwind from currency translation in 2017.
    • FY2017 Guidance: Organic net sales: Flat to down 2% ; Adjusted operating margin: ~+150 bps; Adjusted EPS: +6% to +8% (on a constant currency basis).
    • GIS +1.89% premarket.
    | Wed, Jun. 29, 8:16 AM | 16 Comments
  • Wed, Jun. 29, 8:09 AM
    • General Mills (NYSE:GIS) declares $0.48/share quarterly dividend, 4.3% increase from prior dividend of $0.46.
    • Forward yield 2.92%
    • Payable Aug. 1; for shareholders of record July 11; ex-div July 7.
    | Wed, Jun. 29, 8:09 AM | 27 Comments
  • Wed, Jun. 29, 7:52 AM
    • General Mills (NYSE:GIS): FQ4 EPS of $0.66 beats by $0.06.
    • Revenue of $3.93B (-8.6% Y/Y) beats by $70M.
    • Shares +0.67% PM.
    • Press Release
    | Wed, Jun. 29, 7:52 AM | 8 Comments
  • Tue, Jun. 28, 5:30 PM
  • Tue, Jun. 28, 2:55 PM
    • General Mills (GIS -0.9%) is the poster child for bond-like stocks, writes Steven Russolollo in the WSJ - i.e., those names investors have piled into recently thanks to dividends that positively tower over the 10-year Treasury yield.
    • As a result, General Mills is higher by 16% this year, by more than one-third over the last three, and now sports a forward P/E ratio of 21x vs. 14x about four years ago. Today's forward multiple is the highest for the company since 2001.
    • Those considering a fresh investment may want to reconsider, he says, noting the fancy price and FQ4 results due tomorrow which are expected to show EPS of $0.60 per share, down 20% Y/Y.
    | Tue, Jun. 28, 2:55 PM | 3 Comments
Company Description
General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: U.S. Retail, International, Convenience Stores & Foodservice. The U.S. Retail segment operates grocery stores, mass merchandisers,... More
Industry: Processed & Packaged Goods
Country: United States