Mon, Apr. 20, 6:47 AM
- Goldman Sachs upgrades General Mills (NYSE:GIS) to a Neutral rating after having the food stock tagged as a Sell previously.
- The investment firm has moved off its view that a lack of innovation and slow cereal sales trends would be too much for General Mills to overcome.
- GIS +0.73% premarket to $56.50.
Wed, Apr. 15, 11:34 AM
- Organic food sales rose 11% to $35.9B in 2014, according to the Organic Trade Association.
- The revenue tally for organic food accounted for 5% of all food sales in the U.S.
- Data from the trade group indicated 90% of households on the West Coast and in New England actively buy organic food.
- The strong growth rate for organic food is part of the rationale behind Target's major food initiative.
- Organic food sellers/producers: THS, SFM, FWM, TFM, WFM, HAIN, WWAV, OTCPK:GPDB, LWAY, UNFI, GIS through Annie's.
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
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
Tue, Mar. 17, 5:30 PM
Thu, Mar. 12, 9:52 AM
Wed, Mar. 11, 9:52 AM| 11 Comments
Tue, Mar. 10, 5:33 PM
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.
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.
GIS vs. ETF Alternatives
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.
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