#4 - General Mills (NYSE:GIS)
In the face of inflationary pressure, General Mills, Inc. (NYSE: GIS) has been an example of what happens when an irresistible force means an immovable object. GIS stock has plowed 28% higher in the last 12 months. This shows the pricing power that the company has in its portfolio of consumer staples.
As of this writing, analysts expected the company to deliver another solid earnings report. General Mills was expected to post earnings of $1.06 per share on revenue of $5.19 billion. Both numbers would be higher on a year-over-year basis. When the company last reported earnings, it raised its full-year guidance for revenue and earnings per share (EPS). Analysts will be hoping to hear a confirmation of that guidance going forward.
Analysts expect the company to post low single-digit growth in both revenue and earnings over the next five years. However, the company’s above-average profit margin should keep investors satisfied. This is particularly the case when the company has a dividend with room to expand.
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
- $65.00
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $72.67 (11.8% Upside)
