#4 - General Mills (NYSE:GIS)
General Mills Inc. (NYSE: GIS) is a boring but beautiful stock for fans of low beta stocks. In the past five years, GIS has delivered a total return (that includes its dividend) of 60.74%. That’s an average of just over 12% a year. That’s solid, but it’s not going to be confused with a high-flying tech stock.
As part of the consumer staples sector, General Mills is affected by inflation's impact on the consumer. In 2022 and the first half of 2023, the company was able to pass along some of its higher costs. However, the company has been facing tougher comparisons as consumers are turning more to private-label brands.
Those should be short-term concerns. The company is the home of many iconic brands. And at around 16x forward earnings, GIS stock trades at a discount to consumer staples stocks. Plus, investors are getting an attractive dividend with a 3.19% yield, and the company recently increased that dividend for the 39th consecutive year.
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
- $74.90
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $71.93 (4.0% Downside)
