General Mills, Inc.(GIS)- NYSE
  • Wed, Sep. 21, 7:25 AM
    • General Mills (NYSE:GIS) reports organic sales fell 4% in FQ1 on weakness with the Foundation businesses and U.S. yogurt factoring in.
    • U.S. Retail sales dropped 8% on a 12% drop in volume.
    • International sales decreased 6% to $1.2B amid F/X pressure.
    • Convenience Stores and Foodservice sales were down 7% to $446M.
    • Adjusted gross margin rate declined 30 bps to 34.4%.
    • Adjusted operating profit rate +80 bps to 19.2%.
    • The company expects organic sales to improve for the remainder of the fiscal year to a range of -2% to flat. EPS growth of 6% to 8% is anticipated for the full year.
    • Previously: General Mills beats by $0.02, misses on revenue (Sept. 21)
    • GIS +0.46% premarket to $65.00.
    | Wed, Sep. 21, 7:25 AM | 4 Comments
  • Wed, Sep. 21, 7:02 AM
    • General Mills (NYSE:GIS): FQ1 EPS of $0.78 beats by $0.02.
    • Revenue of $3.91B (-7.1% Y/Y) misses by $10M.
    • Press Release
    | Wed, Sep. 21, 7:02 AM | 4 Comments
  • Tue, Sep. 20, 5:30 PM
  • Mon, Sep. 12, 10:48 AM
    • Goldman Sachs issues a broad warning on the consumer staples sector with Federal Reserve rate hikes looming in the future and continued pressure in emerging markets.
    • General Mills (GIS +0.8%) and Church & Dwight (CHD -0.2%) are singled out as at risk for multiple contraction.
    • Staples which Goldman sees performing well in a rising rate environment include Monster Beverage (MNST +0.1%), Kraft Heinz (KHC +1.5%), and Philip Morris.
    • ETFs: XLP, VDC, FXG, RHS, FSTA, CNSF, JHMS.
    | Mon, Sep. 12, 10:48 AM | 5 Comments
  • Wed, Sep. 7, 8:01 AM
    • General Mills (NYSE:GIS) says it expects to meet key FY17 targets, including organic sales growth of 0% to -2% and total segment operating profit growth between +6% and +8% in constant currency.
    • The company will have some catching up to do because it anticipates that organic sales growth in FQ1 will be below its full-year guidance range.
    • Execs are due to present later today at the Barclays Global Consumer Staples Conference.
    • GIS -1.27% premarket to $70.00.
    | Wed, Sep. 7, 8:01 AM | 9 Comments
  • Tue, Sep. 6, 11:27 AM
    • August monthly performance was: -0.88%
    • AUM of $17.7B
    • 52-week performance vs. the S&P 500 is: -6%
    • No dividends were paid in August
    • Top 10 Holdings as of 6/30/2016: General Mills Inc (GIS): 3.56363%, AT&T Inc (T): 3.10141%, Coca-Cola Co (KO): 2.92358%, Campbell Soup Co (CPB): 2.52377%, Exelon Corp (EXC): 2.36382%, Suncor Energy Inc (SU): 2.32307%, The Hartford Financial Services Group Inc (HIG): 2.28103%, PPL Corp (PPL): 2.13051%, The Kraft Heinz Co (KHC): 2.07219%, Heineken NV (OTCQX:HINKF): 1.90962%
    | Tue, Sep. 6, 11:27 AM | 1 Comment
  • Tue, Aug. 30, 2:38 PM
    • Annie's plans to launch 30 new organic products this year. The expansion is based in part on a recent survey that indicated 23% of consumers believe they can afford organic brands.
    • Annie's has already expanded into seven new categories since being bought out by General Mills (NYSE:GIS) in a major push to increase its reach.
    • Though General Mills doesn't break out results for Annie's in its quarterly reports, management has issued favorable comments on its contribution to results.
    | Tue, Aug. 30, 2:38 PM | 3 Comments
  • 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 | 6 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