#2 - General Mills (NYSE:GIS)
When you’re looking to find a sector that can help you beat higher interest rates, consumer staples is a good place to start. And General Mills, Inc. (NYSE: GIS) is a treasure in plain sight. In 2022, the S&P 500 suffered its worst year since 2008, but GIS stock climbed 24%. In fact, the stock has climbed 55% in the last five years. And that doesn’t include the dividend which currently yields about 2.75%.
The company’s stable of comfort foods includes some of the most recognized cereal brands. And with its acquisition of Blue Buffalo in 2018, the company is becoming a significant player in the growing pet food sector.
General Mills has a profit margin of 15.02% which is nearly triple the sector average. That shows investors that the company has pricing power. This is reflected in earnings have come in higher than analysts’ expectations in the four quarters ending in December 2022.
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
- $63.61
- Consensus Rating
- Hold
- Ratings Breakdown
- 4 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $71.56 (12.5% Upside)
