| Market cap | $50.95B |
|---|---|
| Enterprise value | $52.04B |
| Revenue | $20.173B |
|---|---|
| EBITDA | $4.280B |
| Income | $2.554B |
| Revenue Q/Q | -0.52% |
| Revenue Y/Y | 1.09% |
| P/E | 15.15 |
|---|---|
| Forward P/E | 16.25 |
| EV/Sales | 2.58 |
| EV/EBITDA | 12.16 |
| EV/EBIT | 14.40 |
| PEG | 3.11 |
| Price/Sales | 2.53 |
| P/FCF | 21.52 |
| Price/Book | 4.88 |
| Book/Share | 13.67 |
| Cash/Share | 0.77 |
| FCF yield | 4.65% |
| Volume | 4.661M / 3.176M |
|---|---|
| Relative vol. | 1.47 × |
| EPS | 4.40 |
|---|---|
| EPS Q/Q | 12.12% |
| Est. EPS Q/Q | 6.06% |
| Profit margin | 12.91% |
|---|---|
| Oper. margin | 17.20% |
| Gross margin | 32.58% |
| EBIT margin | 17.92% |
| EBITDA margin | 21.22% |
| Ret. on assets | 8.18% |
|---|---|
| Ret. on equity | 25.85% |
| ROIC | 11.57% |
| ROCE | 15.19% |
| Debt/Equity | 1.99 |
|---|---|
| Net debt/EBITDA | 10.96 |
| Current ratio | 0.66 |
| Quick ratio | 0.40 |
| Volatility | 1.79% |
|---|---|
| Beta | -0.04 |
| RSI | 43.43 |
|---|
| Insider ownership | 0.18% |
|---|---|
| Inst. ownership | 78.45% |
| Shares outst. | 567.900M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 2.55% |
| Short ratio | 3.60 |
| Dividend | $2.36 |
|---|---|
| Dividend yield | 3.54% |
| Payout ratio | 53.64% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 26 Jun 2024 |
Sunday, 12 May 2024
|
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| 15 States With the Highest Rates of SNAP Recipients in the US | |
Friday, 26 April 2024
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| Exclusive-General Mills explores sale of $2 billion-plus yogurt business in North America, sources say | |
Monday, 15 April 2024
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Monday, 8 April 2024
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| General Mills Inc's Dividend Analysis | |
Saturday, 30 March 2024
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| 25 Biggest Food Companies in the World by Revenue | |
Saturday, 23 March 2024
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| Decoding General Mills Inc : A Strategic SWOT Insight | |
Wednesday, 20 March 2024
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| 20 Most Visited US National Parks | |
| General Mills posts smaller-than-expected drop in quarterly sales on higher prices | |
Tuesday, 19 March 2024
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| How To Earn $500 A Month From General Mills Stock Ahead Of Q3 Earnings | |
Saturday, 16 March 2024
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Thursday, 14 March 2024
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| Omsom is taking Asian food mainstream as demand grows for ethnic packaged food | |
Tuesday, 20 February 2024
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| Conagra sees 'opportunity' to sell frozen meals to those on weight loss drugs | |
| General Mills Shares Progress Against Accelerate Strategy | |
Thursday, 15 February 2024
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Sunday, 4 February 2024
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| 20 Highest Quality Ice Cream Brands in the US | |
Saturday, 3 February 2024
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| With 79% ownership of the shares, General Mills, Inc. is heavily dominated by institutional owners | |
Thursday, 1 February 2024
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Tuesday, 26 December 2023
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Saturday, 23 December 2023
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Thursday, 21 December 2023
|
|
| Q2 2024 General Mills Inc Earnings Call - Pre-Recorded | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Werner Lanette Shaffer Chief Innovation Officer | Sale 13 May 2024 | $50,105 |
| Jonathon Nudi Group President | Sale 22 Mar 2024 | $692,100 |
| John G Morikis Director | Sale 22 Feb 2024 | $3,617 |
| Jonathon Nudi Group President | Sale 29 Jan 2024 | $492,095 |
| Jeffrey L Harmening Chairman of the Board and CEO | Option 24 Jan 2024 | $3,225,007 |
| David Cordani Director | Sale 17 May 2023 | $776,846 |
| Mark A Pallot Chief Accounting Officer | Sale 16 May 2023 | $368,596 |
| Jodi J Benson Chief Innovation Officer | Sale 12 May 2023 | $272,615 |
| Jacqueline Williams Roll Chief Human Resources Officer | Option 5 May 2023 | $994,363 |
| Bethany C. Quam Group President and Pet | Sale 4 Apr 2023 | $1,866,081 |
| Jonathon Nudi Group President | Option 29 Mar 2023 | $431,211 |
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Robintrack.
Price target
Current $65.61
Average $64.58
Low $51
High $73
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +7.62% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.54% | Growth period | 26 years |
| Last dividend date | Yield 3 years | 3.17% | Growth 3 years | +4.51% | |
| Last dividend | Yield 5 years | 3.18% | Growth 5 years | +2.89% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Jeffrey Harmening (53) Chairman of the Board and Chief Executive Officer since 2018 | 53 | 2018 | $15,837,600 |
| Jon Nudi (50) Group President - North America Retail since 2017 | 50 | 2017 | $6,945,980 |
| John Church (54) Chief Supply Chain and Global Business Solutions Officer since 2019 | 54 | 2019 | $5,027,470 |
| Richard Allendorf (59) General Counsel and Secretary since 2018 | 59 | 2018 | $4,481,380 |
| Jeffrey L. Harmening (54) Chairman and CEO | 54 | $3,975,633 | |
| Kofi Bruce (50) Chief Financial Officer since 2020 | 50 | 2020 | $2,109,730 |
| Jonathon J. Nudi (51) Group Pres of North America Retail | 51 | $1,839,096 | |
| John R. Church (55) Chief Transformation and Enterprise Services Officer | 55 | $1,422,408 | |
| Elizabeth Lempres (59) Independent Director since 2019 | 59 | 2019 | $439,995 |
| Steve Odland (61) Lead Independent Director since 2019 | 61 | 2019 | $281,236 |
| David Cordani (54) Independent Director since 2014 | 54 | 2014 | $279,986 |
| R. Kerry Clark (68) Independent Director since 2019 | 68 | 2019 | $277,486 |
| Maria Henry (54) Independent Director since 2016 | 54 | 2016 | $274,986 |
| Eric Sprunk (56) Independent Director since 2015 | 56 | 2015 | $271,236 |
| Roger Ferguson (68) Independent Director since 2015 | 68 | 2015 | $269,986 |
| Jorge Uribe (63) Independent Director since 2016 | 63 | 2016 | $254,986 |
| Maria Sastre (65) Independent Director since 2018 | 65 | 2018 | $254,986 |
| Diane Neal (64) Independent Director since 2018 | 64 | 2018 | $254,986 |
| Jo Ann Jenkins (62) Independent Director since 2020 | 62 | 2020 | $217,543 |
| Jeff Siemon | 2017 | ||
| Ivan Pollard (58) Global Chief Marketing Officer since 2017 | 58 | 2017 | |
| Mark Pallot (47) Chief Accounting Officer and Vice President since 2020 | 47 | 2020 | |
| Jaime Montemayor (56) Chief Digital and Technology Officer since 2020 | 56 | 2020 | |
| Jodi Benson (55) Chief Innovation, Technology, and Quality Officer since 2018 | 55 | 2018 | |
| Jacqueline Williams-Roll (51) Chief Human Resource Officer since 2014 | 51 | 2014 | |
| Sean Walker (54) Group President - Asia and Latin America since 2019 | 54 | 2019 | |
| Bethany Quam (49) Group President - Pet since 2019 | 49 | 2019 | |
| Shawn O'Grady (56) Group President, Convenience Stores, Foodservice, and Chief Revenue Development Officer since 2017 | 56 | 2017 | |
| Dana McNabb (44) Group President - Europe and Australia since 2020 | 44 | 2020 | |
| Jano Cabrera (46) Chief Communications Officer | 46 | ||
| Richard C. Allendorf (60) Gen. Counsel and Sec. | 60 | ||
| Marie C. Pillai |
one of the world's leading food companies, general mills operates in more than 100 countries and markets more than 100 consumer brands, including cheerios, yoplait, betty crocker, pillsbury, häagen-dazs, nature valley, green giant, old el paso, progresso, cascadian farm, muir glen, and more. headquartered in minneapolis, minnesota, usa.
- Consumer Staples > Packaged Foods & Meats
- General Mills, Inc., Number One General Mills Boulevard, Minneapolis 55426, United States
- 763 764 7600
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +7.62% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 3.54% | Growth period | 26 years |
| Last dividend date | Yield 3 years | 3.17% | Growth 3 years | +4.51% | |
| Last dividend | Yield 5 years | 3.18% | Growth 5 years | +2.89% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $588.6 | $593.8 | |||
| Short term investments | |||||
| Net receivables | $1,771.1 | $1,758.8 | |||
| Inventory | $1,828 | $2,166 | |||
| Total current assets | $4,654.5 | $5,045.6 | |||
| Long term investments | |||||
| Property, plant & equipment | $3,643.6 | $3,598.9 | |||
| Goodwill & intangible assets | $21,390.9 | $21,405.1 | |||
| Total noncurrent assets | $26,206 | $26,187.8 | |||
| Total investments | |||||
| Total assets | $30,860.5 | $31,233.4 | |||
| Current liabilities | |||||
| Accounts payable | $3,613.5 | $3,824.4 | |||
| Deferred revenue | |||||
| Short long term debt | $1,498.9 | $2,120.2 | |||
| Total current liabilities | $7,061.9 | $7,902.2 | |||
| Long term debt | $11,015.1 | $10,530.5 | |||
| Total noncurrent liabilities | $14,107.3 | $13,699.3 | |||
| Total debt | $12,514 | $12,650.7 | |||
| Total liabilities | $21,169.2 | $21,601.5 | |||
| Stockholders' equity | |||||
| Retained earnings | $20,416.7 | $20,080.9 | |||
| Other stockholder equity | -$2,297.3 | -$2,302 | |||
| Total stockholder equity | $9,436.8 | $9,378.8 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $585.5 | $569.4 | ||
| Short term investments | ||||
| Net receivables | $1,683.2 | $1,692.1 | ||
| Inventory | $2,172 | $1,867.3 | ||
| Total current assets | $5,176.4 | $5,089.8 | ||
| Long term investments | ||||
| Property, plant & equipment | $3,636.2 | $3,393.8 | ||
| Goodwill & intangible assets | $21,478.8 | $21,378.4 | ||
| Total noncurrent assets | $26,275.3 | $26,000.3 | ||
| Total investments | ||||
| Total assets | $31,451.7 | $31,090.1 | ||
| Current liabilities | ||||
| Accounts payable | $4,194.2 | $3,982.3 | ||
| Deferred revenue | ||||
| Short long term debt | $1,740.8 | $2,485.6 | ||
| Total current liabilities | $7,535.7 | $8,019.9 | ||
| Long term debt | $9,965.1 | $9,134.8 | ||
| Total noncurrent liabilities | $13,216 | $12,282.2 | ||
| Total debt | $11,705.9 | $11,620.4 | ||
| Total liabilities | $20,751.7 | $20,302.1 | ||
| Stockholders' equity | ||||
| Retained earnings | $19,838.6 | $18,532.6 | ||
| Other stockholder equity | -$2,276.9 | -$1,970.5 | ||
| Total stockholder equity | $10,449.6 | $10,542.4 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $5,099.2 | $5,139.4 | |||
| Cost of revenue | $3,391.8 | $3,373.5 | |||
| Gross profit | $1,707.4 | $1,765.9 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $790.9 | $830.5 | |||
| Total operating expenses | $796.7 | $954.1 | |||
| Operating income | $910.7 | $811.8 | |||
| Income from continuing operations | |||||
| EBIT | $941.1 | $849.3 | |||
| Income tax expense | $149.3 | $136 | |||
| Interest expense | $121.7 | $117.8 | |||
| Net income | |||||
| Net income | $670.1 | $595.5 | |||
| Income (for common shares) | $670.1 | $595.5 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $20,094.2 | $18,992.8 | ||
| Cost of revenue | $13,548.4 | $12,590.6 | ||
| Gross profit | $6,545.8 | $6,402.2 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $3,500.4 | $3,147 | ||
| Total operating expenses | $3,112 | $3,120.5 | ||
| Operating income | $3,433.8 | $3,281.7 | ||
| Income from continuing operations | ||||
| EBIT | $3,588.2 | $3,673.2 | ||
| Income tax expense | $612.2 | $586.3 | ||
| Interest expense | $382.1 | $379.6 | ||
| Net income | ||||
| Net income | $2,593.9 | $2,707.3 | ||
| Income (for common shares) | $2,593.9 | $2,707.3 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $670.1 | $595.5 | |||
| Operating activities | |||||
| Depreciation | $146.4 | $128.6 | |||
| Business acquisitions & disposals | -$27 | ||||
| Stock-based compensation | $18.2 | $23.2 | |||
| Total cash flows from operations | $943.1 | $1,117.7 | |||
| Investing activities | |||||
| Capital expenditures | -$191.6 | -$152.1 | |||
| Investments | |||||
| Total cash flows from investing | -$191.4 | -$180.7 | |||
| Financing activities | |||||
| Dividends paid | -$337 | -$342.5 | |||
| Sale and purchase of stock | -$294.8 | -$799.7 | |||
| Net borrowings | -$112.4 | $315.1 | |||
| Total cash flows from financing | -$754 | -$839.4 | |||
| Effect of exchange rate | -$2.9 | $5.3 | |||
| Change in cash and equivalents | -$5.2 | $102.9 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $2,593.9 | $2,707.3 | ||
| Operating activities | ||||
| Depreciation | $546.6 | $570.3 | ||
| Business acquisitions & disposals | $349.4 | -$1,111.8 | ||
| Stock-based compensation | $111.7 | $98.7 | ||
| Total cash flows from operations | $2,778.6 | $3,316.1 | ||
| Investing activities | ||||
| Capital expenditures | -$688.2 | -$565.4 | ||
| Investments | ||||
| Total cash flows from investing | -$346.4 | -$1,690.7 | ||
| Financing activities | ||||
| Dividends paid | -$1,287.9 | -$1,244.5 | ||
| Sale and purchase of stock | -$1,171.3 | -$715.1 | ||
| Net borrowings | $133.4 | -$385.8 | ||
| Total cash flows from financing | -$2,404.1 | -$2,503.2 | ||
| Effect of exchange rate | -$12 | -$58 | ||
| Change in cash and equivalents | $16.1 | -$935.8 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q1 | Ameriprise Financial Inc |
+29.59%
|
7,749,911 | $542,261,582 |
| 2024 Q1 | Jpmorgan Chase & Co |
+43.90%
|
2,510,309 | $175,646,339 |
| 2024 Q1 | Lsv Asset Management |
+166.37%
|
1,052,700 | $73,657 |
| 2024 Q1 | Amundi |
-6.65%
|
4,718,384 | $325,993,153 |
| 2024 Q1 | United Capital Financial Advisors |
-75.62%
|
76,763 | $5,371,085 |
| 2024 Q1 | Russell Investments |
-33.56%
|
418,187 | $29,252,161 |
| 2024 Q1 | Bank Of New York Mellon Corp |
-4.29%
|
4,144,914 | $290,019,590 |
| 2024 Q1 | California Public Employees Retirement System |
-4.70%
|
3,384,884 | $236,840,333 |
| 2024 Q1 | Bnp Paribas Financial Markets |
+13.51%
|
1,284,628 | $89,885,421 |
| 2024 Q1 | Wedge Capital Management L L P/nc |
+33.56%
|
597,064 | $41,776,568 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Geode Capital Management | 2.09% | 11,873,839 | |
| Ameriprise Financial Inc | 1.36% | 7,749,911 | |
| Amundi | 0.83% | 4,718,384 | |
| Bank Of New York Mellon Corp | 0.73% | 4,144,914 | |
| California Public Employees Retirement System | 0.60% | 3,384,884 | |
| Janus Capital Management | 0.60% | 3,379,506 | |
| Parametric Portfolio Associates | 0.47% | 2,681,572 | |
| Jpmorgan Chase & Co | 0.44% | 2,510,309 | |
| Amundi Asset Management Us, Inc | 0.37% | 2,081,965 | |
| Sumitomo Mitsui Trust | 0.30% | 1,730,497 |
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