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General Mills, Inc. (GIS)

  • Thu, Mar. 26, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
  • Wed, Mar. 25, 7:07 AM
    • Food stocks could see a lift today after a high-profile merger between Kraft and Heinz was announced.
    • The sector has been identified by analysts as a likely hotbed for consolidation.
    • Early premarket gainers include Mondelez International (NASDAQ:MDLZ) +2.1%, General Mills (NYSE:GIS) +1.0%, and Campbell Soup (NYSE:CPB) +0.4%.
    • Previously: Kraft, Heinz announce merger
    | Comment!
  • Wed, Mar. 18, 7:29 AM
    • General Mills (NYSE:GIS) reports net sales increased 3.0% on a constant currency basis in FQ3.
    • U.S. Retail sales grew 1.3% to $2.65B and operating profit +0.8% to $521M.
    • International sales down 6.7% to $1.23B and operating profit -1.9% to $108M.
    • Convenience Stores and Foodservice sales rose 6.6% to $465M and operating profit +10.6% to $69M.
    • Adjusted gross margin rate -78 bps to 33.26%.
    • SG&A expense ratio -110 bps to 18.14%.
    • FY2015 Guidance: Net sales: to grow at a low single-digit rate Y/Y on constant currency basis; Segment operating profit: to decline at a low single-digit rate Y/Y on constant currency basis; Adjusted EPS: to grow at a low-single-digit rate Y/Y on constant currency basis.
    • GIS +1.92% premarket.
  • Wed, Mar. 18, 6:58 AM
    • General Mills (NYSE:GIS): FQ3 EPS of $0.70 beats by $0.03.
    • Revenue of $4.35B (-0.7% Y/Y) in-line.
    • Press Release
  • Tue, Mar. 17, 5:30 PM
  • Thu, Mar. 12, 9:52 AM
    • Pinnacle Foods (PF +1%) could be the buyer of Green Giant, according to Credit Suisse.
    • A report from Reuters yesterday tipped off that General Mills (GIS +1.1%) is taking offers for the frozen food brand.
    | 1 Comment
  • Wed, Mar. 11, 9:52 AM
    • General Mills (GIS) is looking to sell frozen food brand Green Giant, according to Reuters.
    • Sources say the company has hired an advisor to assist it in the process.
    • Frozen food sales in the U.S. have faltered as consumers have spent more on fresh and organic choices.
  • Tue, Mar. 10, 5:33 PM
    • General Mills (NYSE:GIS) declares $0.44/share quarterly dividend, 7.3% increase from prior dividend of $0.41.
    • Forward yield 3.4%
    • Payable May 1; for shareholders of record April 10; ex-div April 8.
  • Mon, Mar. 9, 7:37 AM
    • Wheat prices took a sharp turn lower last week as traders weighed the large amount of global supply versus a tightening of demand in the U.S.
    • Prices have recovered a bit today in front of a Department of Agriculture report, but are expected to see more downward pressure.
    • The development should bring some relief for food companies as supplying contracts are reworked.
    • Related stocks: SJM, FLO, CAG, POST, CPB, GIS, K, PEP, BUD.
    • Related ETF: WEAT.
    • Wheat daily price wheat chart.
  • Fri, Mar. 6, 10:46 AM
    • Global consumer staples stocks are weaker than market averages as concerns on market pricing and F/X sit in the background.
    • The 1.21% gain in the U.S. Dollar Index isn't going unnoticed by traders.
    • Notable decliners include General Mills (NYSE:GIS) -1.6%, Colgate-Palmolive (NYSE:CL) -2.0%, Unilever (NYSE:UL) -1.9%, General Mills (GIS) -1.8%, Mondelez International (NASDAQ:MDLZ) -1.9%, Post Holdings (NYSE:POST) -1.8%, Hershey (NYSE:HSY) -1.8%, Coca-Cola (NYSE:KO) -1.2%.
    • The Consumer Staples ETF (NYSEARCA:XLP) is down 1.2% versus S&P 500 -0.4%.
    • Other staples ETFs: VDC, FXG, RHS, FSTA, PSL, PSCC
  • Tue, Mar. 3, 10:33 AM
    • Target (TGT -1.2%) plans to increase the focus on key grocery categories to bring in younger urban shoppers, reports the WSJ.
    • Sources say organic food, craft beer, yogurt, and coffee will all see an increase in prominence.
    • The shift could mean less shelf space for well-known brands from packaged food giants such as Kellogg (K -0.7%), Post Holdings (POST -1.7%), Campbell Soup (CPB -0.1%), and General Mills (GIS -0.5%).
  • Tue, Feb. 17, 2:36 PM
    • General Mills (GIS -0.3%) says it will reformulate Yoplait Original yogurt to reduce the sugar content by 30%.
    • The average amount of protein will rise 20% to 6 grams a cup.
    • The new products should hit stores in March.
    • The changes to Yoplait could help the line compete against different Greek yogurt varieties which market themselves as healthier than traditional yogurt.
  • Tue, Feb. 17, 6:59 AM
    • General Mills (NYSE:GIS) reaffirms 2015 guidance in advance of its presentation at the Consumer Analyst Group of New York conference.
    • The company sees low-single-digit rate growth in EPS from a FY14 mark of $2.82.
    • Revenue is expected to grow at a low single-digit rate before the impact of F/X is factored in.
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  • Thu, Feb. 12, 1:13 PM
    • General Mills (GIS -0.7%) plan to launch a gluten-free version of Cheerios cereals.
    • The products will be available this summer for 5 Cheerios varieties.
    • The initiative to remove gluten from oats in the production process took years to develop, according to the company.
    • Earlier today, Kellogg's Q4 report indicated softening demand for cereal in the U.S.
  • Thu, Feb. 5, 9:08 AM
    • Kraft Foods (NASDAQ:KRFT) has found a vibrant channel for its Velveeta brand in dollar stores.
    • The company was very close to pulling the plug on the product last year amid soft grocery store sales.
    • General Mills (NYSE:GIS) and Campbell Soup (NYSE:CPB) are also exploring selling more brands in dollar stores due to the potential for higher profit margins in certain categories.
    • The development could aid the dollar store group (DLTR, DG, FDO) which has lost some quick-stop grocery market share to convenience stores.
  • Thu, Jan. 29, 11:03 AM
    • The powerful rally in the Swiss Franc has given more M&A firepower to multinationals based in the nation, notes Bloomberg.
    • The food industry could see one of the first deals if an emboldened Nestle (OTCPK:NSRGY) decides to make a run at General Mills (GIS -1.9%).
    • A combination of Nestle and General Mills has been floated around by analysts before due to the powerful synergies that could be struck between the food giants.
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Company Description
General Mills Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. It supplies branded and unbranded food products to the foodservice and commercial baking industries.