barnyarddog
9 meses hace
20 Biggest Snack Companies in the World
March 14, 2024
https://www.insidermonkey.com/blog/20-biggest-snack-companies-in-the-world-1274317/
7. General Mills, Inc. (NYSE:GIS)
Market Capitalization: $37.5 billion
As one of the largest snack companies globally, General Mills, Inc. (NYSE:GIS) promotes several popular North American brands, such as Gold Medal flour, Annie’s Homegrown, Lärabar, Cascadian Farm, Betty Crocker, Yoplait, Nature Valley, Totino’s, Pillsbury, Old El Paso, and Häagen-Dazs.
General Mills, Inc. (NYSE:GIS) adjusted operating profit rose by 13%, reaching $989 million in constant currency, attributed to increased adjusted gross profit and decreased compensation and benefits expenses. The adjusted operating profit margin also improved by 240 basis points, reaching 19.3%.
fuzzy
5 años hace
General Mills (GIS) Stock Nears Fresh High on Bull Note
By: Schaeffer's Investment Research | April 15, 2020
• Piper Sandler upgraded General Mills to "overweight" from "neutral"
• Piper Sandler said General Mills is well positioned to outperform in the current market
Packaged food producer General Mills, Inc. (NYSE:GIS) is up 1% at $59.41 after Piper Sandler upgraded the equity to "overweight" from "neutral" and lifted its price target to $67 from $59. The analyst said General Mills' recent retail trends and limited exposure to the foodservice space indicates that it is well positioned to outperform in the current market.
The pop puts GIS at a one-month high, which is just a chip shot from its two-year peak of $60. Looking back, the equity has enjoyed recent support at its 10-day moving average, which helped guide GIS away from its late-March plummet near the $47 region. Since then, GIS is up roughly 25%, and boasts a 10% year-to-date gain.
The majority of the brokerage bunch still isn't sold on General Mills. Of the 12 covering the cereal specialist, only two call it a "strong buy" while the rest say "hold." Adding to this, the consensus 12-month price target of $58.88 is right in line with last night's close.
fuzzy
6 años hace
June 26 (Reuters) - General Mills Inc on Wednesday reported quarterly sales below Wall Street estimates, hurt by lower demand for its snacks in North America.
Net earnings attributable to the company rose to $570.2 million, or 94 cents per share, in the fourth quarter ended May 26, from $354.4 million, or 59 cents per share, a year earlier.
Net sales rose 6.9% to $4.16 billion, below the average analyst estimate of $4.24 billion, according to Refinitiv IBES data.
The boost in quarterly sales came from its acquisition of pet foods company Blue Buffalo last year.
fuzzy
6 años hace
MINNEAPOLIS, March 20, 2019 /PRNewswire/ -- General Mills (NYSE: GIS) today reported results for the third quarter ended February 24, 2019. Financial results for the third quarter and first nine months of fiscal 2019 include contributions from Blue Buffalo Pet Products, Inc. ("Blue Buffalo"), which was acquired on April 24, 2018.
"We had a strong third quarter, with positive organic sales growth and significant operating margin expansion," said General Mills Chairman and Chief Executive Officer Jeff Harmening. "Our year-to-date performance and fourth-quarter plans give us confidence that we will meet or exceed all of our key fiscal 2019 targets. For the full year, we now expect adjusted diluted EPS and free cash flow conversion will exceed our initial targets, net sales will finish toward the lower end of our guidance range, and adjusted operating profit will finish toward the higher end of the range. Our improved execution and strengthened performance this year reinforce our view that a balanced approach to top and bottom-line growth, centered on our Consumer First strategy, will drive long-term value for our shareholders."
whytestocks
6 años hace
News: $GIS General Mills Feeding Better Futures Scholars Program Seeking Young Innovators
MINNEAPOLIS , Jan. 15, 2019 /PRNewswire/ -- Today, General Mills (NYSE: GIS) launched the second year of its Feeding Better Futures Scholars Program, a platform encouraging today's youth to share their solutions to fight hunger, reduce food waste, and grow food more sustainably. Youn...
In case you are interested https://marketwirenews.com/news-releases/general-mills-feeding-better-futures-scholars-program-seeking-young-innovators-6833210.html
whytestocks
6 años hace
News: $GIS Fiber One Introduces New Fiber-Rich Cereal Made With Real Strawberries
MINNEAPOLIS , Jan. 15, 2019 /PRNewswire/ -- Fiber One is expanding its cereal portfolio with the launch of Fiber One Strawberries and Vanilla Clusters, available in retailers nationwide beginning this month. Made with steel cut oats, vanilla clusters and delicious, real strawberries,...
Find out more https://marketwirenews.com/news-releases/fiber-one-introduces-new-fiber-rich-cereal-made-with-real-strawberries-6833216.html
fuzzy
6 años hace
MINNEAPOLIS, Sept. 25, 2018 /PRNewswire/ -- The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.49 per share, payable November 1, 2018, to shareholders of record as of October 10, 2018. General Mills (GIS) and its predecessor company have paid dividends without interruption for 119 years.
tdeck
7 años hace
Ok, got some stuff moved around I am gonna try and top off for 5k shares total, call me crazy but I am gonna hold off see if they try and drop under $45 I am thinking/hoping 44.30ish if not I will just do the best I can. I cannot believe such a drop on such BS seriously, whats wrong with the world/market today.
May do half today and wait to get other half tomorrow, I mean jeez I feel like I am already making 20K just by buying it, it will be for the old mf'er days I have ahead of me but still no reason to not try and save some dough.
fuzzy
7 años hace
General Mills Inc. GIS, -4.00% said Friday it's purchasing pet foods maker Blue Buffalo Inc. BUFF, -1.95% for $40 a share in cash, or roughly $8 billion. General Mills said the deal will immediately add to its net sales growth and operating margin profile, and is expected to be neutral to cash per-share earnings in fiscal 2019. Shares of Blue Buffalo jumped 17% in premarket trade Friday. "The $30 billion U.S. pet food market is generating consistent 3%-4% growth and is highly attractive for retailers," General Mills said in a statement. Blue Buffalo makes natural food and treats for dogs and cats. "The wholesome natural market represents approximately 10% of the pet food market in volume and approximately 20% in value," said General Mills. The deal is expected to close by the end of the General Mills's fiscal 2018.
ITMS
8 años hace
Know This Institutional Trade Level For This Leading Food Product Company
Last week, most of the leading food processing stocks sold off after Amazon.com (NASDAQ:AMZN) announced that they were acquiring Whole Foods Market Inc (NASDAQ:WFM) for $13.7 billion. Many of these leading food processing stocks are still coming under pressure since that news was released. At some point some of these leading food processing stocks will look attractive.
General Mills, Inc. (NYSE:GIS) is a leading is a manufacturer and marketer of branded consumer foods. This stock peaked out in July 2016 at $72.95 a share. Since that high pivot the stock has plunged lower and is currently trading at $56.85 a share. Many traders are now wondering if the stock is on sale, but the chart pattern indicates that the shares are headed lower. At this time, the stock has major support around the $52.50 area. This is a level where GIS stock based for roughly two years before breaking out. Very often, prior base patterns will serve as major support when retested. It should also be noted that General Mills, Inc. (NYSE:GIS) will report earnings on June 28th, 2017 before the opening bell.
Nicholas Santiago
InTheMoneyStocks
fuzzy
8 años hace
MINNEAPOLIS, March 14, 2017 /PRNewswire/ -- The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.48 per share, payable May 1, 2017, to shareholders of record as of April 10, 2017. General Mills (GIS) current annualized dividend rate of $1.92 per share represents an increase of 8 percent over the annual dividend of $1.78 paid in fiscal 2016.
Roland Rick Perry
8 años hace
License to manufacture and distribute Fiber One™ ice cream.
Interesting.
NightFood Reaches Agreement to Acquire Suffield Foods
Marketwired MarketwiredDecember 2, 2016 TARRYTOWN, NY--(Marketwired - Dec 2, 2016) - NightFood Holdings, Inc. ( OTC PINK : NGTF ), a fully reporting "better-for-you" snack company, today announced that it has agreed to terms and signed a definitive agreement to acquire Suffield Foods, LLC, and Hook Marketing, LLC, contingent upon NightFood providing ongoing operating capital for Suffield operations.
Hook has been granted a license to manufacture and distribute Fiber One™ ice cream, and conducts operations through its subsidiary, Suffield.
"Over the last several months, we have had acquisition discussions with numerous companies in the snack space. We believe this deal with Suffield represents a tremendous opportunity, and I look forward to working with the Suffield team to help make Fiber One™ ice cream available to retailers and consumers across the country," stated NightFood CEO Sean Folkson.
Full Release: http://finance.yahoo.com/news/nightfood-reaches-agreement-acquire-suffield-130000714.html
SPOTTED ON SHELVES: Fiber One Ice Cream (4/2016)
http://www.theimpulsivebuy.com/wordpress/2016/04/13/spotted-on-shelves-fiber-one-ice-cream/
fuzzy
9 años hace
General Mills Inc. has spent years reformulating cereals like Trix to remove artificial flavors and synthetic colors. Investors will find out this week whether the effort has paid off or whether the muted colors have turned off loyal customers.
The Minneapolis food giant is set to report quarterly earnings Wednesday amid a slumping cereal market. General Mills' U.S. cereal sales fell to $2.31 billion in fiscal 2015 from $2.35 billion in fiscal 2010. In the same time period, the company's overall sales rose 20%, but the Big G cereals remain an important part of its business, contributing 13% of total revenue.
General Mills executives have said restoring growth for its U.S. cereal sales is a top priority for its fiscal year ending in May.
The company isn't alone in its cereal conundrum. Consumers across the country are eating less of the processed oats and grains in milk for breakfast, turning instead to higher-protein, portable meals like Greek yogurt and breakfast sandwiches.
General Mills' expensive cereal project came to fruition in January when it replaced traditional varieties of Golden Grahams, Trix and Reese's Puffs on grocery shelves with new, more-natural versions.
The company said at an industry conference last month that retail cereal sales were trending positive so far, up about 1% in December and January, according to Nielsen. That compares to a 6% drop for its November-ended quarter. The company also said that making its Cheerios gluten free last fall has boosted revenue.
But the real picture is likely to come in General Mills' earnings report Wednesday. Depending on what they see, investors may decide executives' optimism for one of the company's biggest profit drivers is unfounded.
fuzzy
9 años hace
General Mills Inc. GIS, +0.55% raised its quarterly dividend 4.5% to 46 cents per share, the company said in a Tuesday release. Dividends are payable May 2 to shareholders of record as of April 11. Including the new May payment, General Mills dividends per share in fiscal 2016 will total $1.78, up 7% from $1.67 for the previous fiscal year. The company also announced that Maria Henry has been elected to the board of directors, effective June 1. Henry joined Kimberly-Clark Corp. KMB, +0.58% in 2015 and serves as the company's chief financial officer. General Mills shares closed Tuesday up 0.6% at $59.95. The company's shares are up 23.9% for the past year, while the S&P 500 is down 4.4% for the same period.
fuzzy
9 años hace
MINNEAPOLIS, Dec. 23, 2015 /PRNewswire/ -- General Mills (GIS) said today that it has acquired Brazilian yogurt maker Carolina Administracao e Participacoes Societarias Ltda., (Carolina), a privately-held dairy products company headquartered in Ribeirao Claro, Parana, Brazil. Terms of the transaction were not disclosed.
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