General Mills FY Earnings: A Good Investment (But Not For Everyone)

Jun. 23, 2024 4:40 PM ETGeneral Mills, Inc. (GIS) StockGIS10 Comments
Luca Socci
4.46K Followers
(13min)

Summary

  • General Mills has been around for more than 150 years and it about to report FY2024 results.
  • General Mills has coped through many difficult environments and seems to be gaining once again strength as it exits a tough 2023.
  • One of the most interesting aspects of the company is its predictability, making forecasts easier to do and offering investors a rather clear outlook about its long-term path.
  • In this article, I share my view on the company and explain why, based on its fundamentals, I think it is a good investment for certain cohorts of investors.

General Mills Canada head office in Mississauga, Canada.

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Investing In General Mills

General Mills (NYSE:GIS) shares are usually found in income-seeking investors. After all, 124 years of uninterrupted dividends combined with a 9% CAGR in shareholder returns over the past three decades are two outstanding achievements that won't

This article was written by

4.46K Followers
I focus on long term growth and dividend growth investing. I follow both the US and the European stock markets, looking for undervalued stock and/or for high quality dividend growing companies that provide me with cash to reinvest. Over time, I have come to realize that profitability is a much safer driver of gains than low valuation. As a result, I give utmost importance to margins, free cash flow stability and growth, and returns on invested capital. I research stocks within my areas of competence and whenever I find a high-quality company, I usually never get bored in researching it more and more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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