#3 - General Mills (NYSE:GIS)
General Mills (NYSE: GIS) - GIS is hoping that a new health-conscious brand portfolio will offer the company some “lucky charms”. While many investors flocked to the safety of some of the big name defensive stocks such as Coca-Cola, McDonald’s, and Proctor & Gamble, General Mills found itself with more investors selling than buying, causing their stock to drop by 50% since 2016 despite the company still offering a strong 4.26 dividend yield. The largest factor to weigh on the company was a product line that was behind the organic, healthy consumer snack trend. This led to the company’s revenue declining which made investors question whether there was sufficient demand to justify the leverage on their balance sheet. But GIS has fought back with new products that, at least initially, seem to be gaining traction. They also recently completed their acquisition of Blue Buffalo. The pet food manufacturer is a growing brand name that has reportedly captured 10% of this high-growth market and is projecting strong first-half sales growth of near 20%. General Mills has delivered an uninterrupted dividend for over 117 years.
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.
More- Current Price
- $59.52
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $70.94 (19.2% Upside)
