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General Mills, Inc. (GIS)

  • Jun. 24, 2014, 5:16 PM
    • General Mills, Inc. (GIS) declares $0.41/share quarterly dividend, in line with previous.
    • Forward yield 3.05%
    • Payable Aug. 1; for shareholders of record July 10; ex-div July 8.
  • Jun. 9, 2014, 1:46 PM
    • Data from NPD Group indicates the average American spends 12 minutes a day on breakfast.
    • The highly-contested daypart pits major cereal sellers such as Kellogg (K), Post Holding (POST), and General Mills (GIS) against fast-food chains like McDonald's (MCD), Starbucks (SBUX), Taco Bell (YUM), and Dunkin' Brands (DNKN).
    • Convenience-store chains are also a major factor as C-stores such as Circle K (ANCUF), 7-11, Pantry (PTRY), BP Connect (BP), On the Run (XOM), Speedway America (MPC), Kwik Shop (KR), and Qwiktrip continue to innovate and show some positive growth trends.
    • What to watch: Analysis from Edward D. Jones suggests consumers tend to stay with their routines. The read is that companies in the breakfast business need to compete for market share within their segment - instead of trying to change consumer behavior. Taco Bell is utilizing that strategy with its marketing message which paints McDonald's as old-fashioned.
  • Jun. 9, 2014, 9:53 AM
    • Annie's (BNNY +1.5%) is being teed up by analysts on Wall Street as a potential takeover candidate.
    • The company boasts a strong brand in the organic sector, while shares have peeled off 33% YTD due in part to cost pressures.
    • Campbell Soup (CPB), Nestle (NSRGY), and General Mills (GIS) all fit the profile of a food giant that could make a run at Annie's.
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  • Jun. 5, 2014, 9:41 AM
    • General Mills (GIS -0.3%) takes some heat from consumer awareness groups over advertising claims made on taste tests between its Yoplait Greek products and Chobani varieties.
    • The BBB's National Advertising Division has recommended the company refine the "YoplaitGreek has won" message that General Mills is pushing.
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  • Jun. 2, 2014, 1:45 PM
    • Deutsch Bank reiterates its a Buy rating on General Mills (GIS +0.2%).
    • The investment firm has a $59 price target on shares.
    • The stock also ended up on SA contributor Dividend Growth Investor's short list of dividend champions. General Mills has grown its dividend payout at a double-digit pace over the last decade.
  • May. 28, 2014, 11:21 AM
    • General Mills (GIS +0.1%) will become one of the first major cereal producers to leap into the protein craze with Cheerios Protein.
    • The new product will be loaded with more than 3x the protein of a traditional breakfast cereal.
    • Kellogg (K +0.2%) already has a Special K variety with protein available at stores.
    • The big pictures: Cereal sales in the U.S. have suffered with ready-to-eat options and yogurt taking market share in the daypart.
  • May. 27, 2014, 7:28 AM
    • A $6.4B offer by Pilgrim Pride's (PPC) to buy Hillshire Brands (HSH) could rattle the food sector.
    • For starters, the deal could spoil Hillshire's offer on the table to buy Pinnacle Foods (PF).
    • The quick analyst take on a PPC-HSH combination is favorable with the companies focused in different areas (chicken vs. packaged meat) which could lead to easy access to new distribution channels.
    • Premarket: HSH +22.9% to $45.49, PF -5.3% to $31.50.
    • Also on merger watch in the food sector: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K CAG
  • May. 23, 2014, 11:05 AM
    • Wells Fargo analyst John Baumgartner forecasts a continued drop in milk prices after seeing Class I milk peak earlier in the month.
    • The news could be a relief for a number of companies (DF, WWAV, SJM, DF, NSRGY, LWAY, DNKN, MCD, SBUX, GIS, HSY, MJN, ADY) which have faced margin pressure over the escalated cost of wholesale milk products.
    • Milk price chart
    • Related ETF: MOO
  • May. 20, 2014, 7:15 PM
    • The U.S. regulator approves advantame, the sixth sugar substitute to get the agency's blessing. It can used as a tabletop sweetener or as an ingredient in cooking by virtue of its stability at high temperatures.
    • The approval was based on the results of 37 animal and human studies submitted by the manufacturer.
    • Advantame is chemically similar to aspartame (Equal). People with the genetic disorder phenylketonuria have difficulty metabolizing phenylalanine, a component of both aspartame and advantame. Food containing aspartame must be labeled as such. The amount of advantame needed to achieve a similar level of sweetness as aspartame is much less so no special labeling will be required.
    • The last sweetener cleared by the FDA was neotame (Newtame) in 2002.
    • Just a few related tickers: (PG) (PEP) (KO) (GIS) (K)
  • May. 14, 2014, 10:29 AM
    • move last month by Chobani to relocate to Delaware looks like an indication the company may file an IPO in the U.S.
    • A public launch by Chobani could help it create new growth channels, including yogurt-inspired stores.
    • It also would give it a little more muscle to take on advertising heavyweights such as General Mills (GIS), Danone (DANOY), and Muller-PepsiCo (PEP) in the yogurt space.
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  • May. 12, 2014, 7:13 AM
    • A merger between Hillshire Brands and Pinnacle Foods could kickstart the consolidation frenzy in the food industry analysts have been forecasting.
    • The sector has been tapped to see a high rate of mergers and buyouts due to the significant synergies that could be unleashed through combinations.
    • On watch: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K, CAG
    | 1 Comment
  • Apr. 22, 2014, 10:54 AM
    • Chobani plans to move into more food categories in the U.S. to diversify away from a yogurt-only portfolio.
    • The company will sell desserts and oatmeal products in an effort to hit all three dayparts.
    • What to watch: Chobani's growing influence in the U.S. is expected to challenge Danone (DANOY), General Mills (GIS), Post Holdings (POST), and PepsiCo (PEP) in various categories with its brand thriving. An investment from a P-E firm could help Chobani aim quite high.
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  • Apr. 21, 2014, 7:31 AM
    • General Mills (GIS) decides to give up its fight to strip consumers of some of their rights to sue the company.
    • The company tried to slip in a change to its legal terms which would have forced consumers to give up their right to sue the company over a dispute to enter arbitration or a round of negotiations.
    • After seeing a considerable amount of backlash over the harsh terms, General Mills released an apology for having started down the path of narrowing the legal options of consumers.
  • Apr. 15, 2014, 9:48 AM
  • Apr. 10, 2014, 9:02 AM
  • Apr. 7, 2014, 11:01 AM
    • A number of food stocks are moving higher on talk of consolidation in the sector.
    • Kellogg (K +1.7%) is front and center of most of the chatter, while General Mills (GIS +1.4%), Pinnacle Foods (PF +0.8%), and J.M. Smucker (SJM +0.7%) are also in the mix.
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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.