Raising My Fair Value Estimate For General Mills

About: General Mills, Inc. (GIS)
by: Maximilian Dorn
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Maximilian Dorn
Value, long/short equity, long-term horizon, dividend investing

Shares of General Mills had a great 2019.

The company continues to improve profitability and reduce leverage.

I am raising my fair value estimate to $54.53 per share.

I currently view the shares as fairly but not attractively priced.

Investment Thesis

Back in December 2018, I claimed that General Mills (GIS) was undervalued at its price of $38.56 per share at the time. The stock is since up more than 40%,