General Mills Inc (NYSE:GM) stock review: a comprehensive overview
General Mills Inc. is a respected global packaged food company with a diverse portfolio of well-known brands. In addition to increasing dividends per share and expanding into brand new industries, the business has made 86 acquisitions. Therefore, if you’re considering buying shares of General Mills, there are lots of reasons why you should consider it as a potential investment. Keep reading to find out more. Its history could be traced back to 1868, when it ended up being launched regarding the banks associated with Mississippi River in Minneapolis.
General Mills is a leading international packaged food company
General Mills is a multinational consumer goods company based in Minneapolis, Minnesota. The company produces branded foods for consumers across the world, offering them in supermarkets, drug stores, buck shops, and convenience shops. These food types range from ready-to-eat cereals and treats to frozen meals, yogurt, and ice cream. In addition, the organization is active outside the grocery sector, through its foodservice device.
It offers a portfolio of identifiable brands
Started in the banks for the Mississippi River in Minneapolis, General Mills, Inc. was supplying customers with many different delicious meals for over a hundred years. The business has developed a few familiar brands, including Gold Medal flour, Annie’s Homegrown, Nature Valley, Totino’s, Pillsbury, and Haagen-Dazs. It markets a great many other well-known North American brands, including fortunate Charms and Trix.
It does increase dividends per share
A few businesses recently increased their dividends, including Micron Technology and General Mills. In addition, many large banks announced plans to increase their dividend payments. General Mills, for example, increased its dividend per share by almost 6% to 54 cents. These dividend increases suggest that the organization has an evergrowing company and it is willing to return money to shareholders. In the event that you’re considering investing in this stock, it’s well worth evaluating the free cashflow statement.
It has made 86 purchases in new companies
With a yearly revenue of $13 billion and a market limit of $30 billion, General Mills was a juggernaut for many years. However, its business design is changing. The business has expanded into new industries, such as pet food. In 1999, General Mills diversified by the addition of a line of Betty Crocker rice and pasta mixes. In addition, it bought Blue Buffalo, a business that emphasizes organic products. The acquisition also diversified General Mills’ sales by reducing its contact with unhealthful services and products. Furthermore, it offers become a recession proof segment.
It has a powerful stability sheet
The economic statements of General Mills, Inc. are a great place to start looking at the business’s economic health. The business makes use of financial obligation to invest in its operations, and its particular assets take typical 3 times its shareholders’ equity. Which means its stability sheet is quite strong compared to its rivals. But the economic statements do possess some what to watch out for. General Mills should make certain its future earnings can sustain its strong balance sheet.
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