#1 - General Mills (NYSE:GIS)
General Mills Inc. (NYSE: GIS) is one of the best embodiments of a low beta stock. Over the last five years, GIS stock has had an average return of around 7.4%. That’s not exceptional, but when you factor in a dividend yield of around 3.37%, investors have received a sufficient total return for their investment.
The company is part of the Consumer Staples sector. It features iconic brands in categories like ready-to-eat cereals, refrigerated yogurt, soup, snack bars, and, more recently, pet food under the Blue Buffalo name.
In the first three quarters of its 2024 fiscal year, General Mills generated revenue of $15.1 billion. That’s on pace to match the revenue of the last fiscal year. However, earnings are up about 10%. This shows the company’s ability to maintain margin despite inflation that continues to weigh on consumers.
GIS stock isn’t a stock for those looking to get rich quickly. But for long-term investors looking to build wealth over time, General Mills is a reliable choice.
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
- $75.06
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $69.07 (8.0% Downside)
