#3 - General Mills (NYSE:GIS)
The first two stocks on this list were those of companies who sell goods to consumers. With General Mills (NYSE: GIS) you’re buying shares of a company that makes those consumer staples. The company has over 100 brands including Cheerios, Pillsbury and Blue Buffalo, which it acquired in 2018. It also does business in 100 countries. That gives the company a broad footprint and a large addressable market.
Companies like General Mills tend to perform better during recessions as consumers eat at home more. And a company like General Mills has pricing power while still being able to incentivize consumers to choose their brands over a house brand.
General Mills is a blue-chip company that delivered 115% in the last five years. And in a volatile 2022, GIS stock was up 23%. It shouldn’t be lost on investors that General Mills has not missed a dividend payment for over 120 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.
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)
