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7 Consumer Staples Stocks You Can Buy and Hold Forever - 5 of 7

 
 

#5 - General Mills (NYSE:GIS)

One attribute that investors often look for in consumer staples stocks is consistent performance. And General Mills, Inc. (NYSE: GIS) delivers that in many ways that should matter to investors. One area that should get the attention of every investor is the company’s consistent earnings. 

In the past five years, General Mills has averaged earnings growth of approximately 5%. At a time when the economy is clearly losing steam, analysts are forecasting earnings growth of over 6%. That should continue to boost the GIS stock price which has already climbed 77% in the last five years. And although General Mills doesn’t have a consistent history of increasing its dividend, it does have a long history of paying dividends. And with the company’s balance sheet, investors relying on that dividend won’t be disappointed.  

Analysts have a Hold rating on General Mills stock, but if the company delivers on robust earnings expectations, the stock could easily outperform. One reason is that institutions hold over 70% of GIS stock and buying volume significantly increased in the last quarter.  

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables. Read More 
Current Price
$63.61
Consensus Rating
Hold
Ratings Breakdown
4 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
Consensus Price Target
$71.56 (12.5% Upside)

 

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