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Last $57.05 USD
Change Today -0.04 / -0.07%
Volume 8.9M
GIS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

general mills inc (GIS) Snapshot

Open
$57.18
Previous Close
$57.09
Day High
$57.80
Day Low
$56.84
52 Week High
07/2/15 - $57.80
52 Week Low
10/15/14 - $48.32
Market Cap
34.0B
Average Volume 10 Days
4.9M
EPS TTM
$2.86
Shares Outstanding
596.1M
EX-Date
07/8/15
P/E TM
20.0x
Dividend
$1.76
Dividend Yield
2.93%
Current Stock Chart for GENERAL MILLS INC (GIS)

general mills inc (GIS) Details

General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. It also supplies branded and unbranded food products to the foodservice and commercial baking industries. The company operates in three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products include ready-to-eat cereals; convenient meals, including meal kits, ethnic meals, pizza, frozen breakfast, and frozen entrees; snacks comprising grain, fruit, and savory snacks, as well as nutrition bars and frozen hot snacks; refrigerated yogurt products; ice creams; baking mixes and ingredients; refrigerated and frozen dough products; and frozen and shelf-stable vegetable products. In addition, the company’s products comprise organic products, such as granola bars, cereals, and soups. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, commercial and noncommercial foodservice distributors and operators, restaurants, and convenience stores, as well as to drug, dollar, and discount chains. Further, it owns retail shops that offer ice creams and frozen desserts. General Mills, Inc. also exports its products primarily to Caribbean and Latin American markets. The company was founded in 1928 and is based in Minneapolis, Minnesota.

general mills inc (GIS) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $653.4K
Executive Vice President and Chief Operating ...
Total Annual Compensation: $653.4K
Compensation as of Fiscal Year 2014.

general mills inc (GIS) Key Developments

General Mills, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended May 31, 2015; Provides Earnings Guidance for the Year 2016

General Mills, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended May 31, 2015. For the quarter, the company reported net sales of $4,298.8 million against $4,283.8 million a year ago. Operating profit was $423.6 million against $681.9 million a year ago. Earnings before income taxes and after-tax earnings from joint ventures was $344.0 million against $602.5 million a year ago. Net earnings attributable to the company were $186.8 million or $0.30 per diluted share against $404.6 million or $0.65 per diluted share a year ago. Adjusted operating profit was $719.3 million against $673.2 million a year ago. Adjusted net earnings attributable to General Mills were $465.1 million against $423.5 million a year ago. Adjusted diluted EPS, which excludes certain items affecting comparability, totaled 75 cents for the fourth quarter, up 12% from 67 cents a year ago. On a constant-currency basis, fourth-quarter adjusted diluted EPS increased 18%. The effective tax rate was 30.5% compared to 32.2% a year ago, reflecting changes in earnings mix by country and favorable discrete items. For the year, the company reported net sales of $17,630.3 million against $17,909.6 million a year ago. Operating profit was $2,077.3 million against $2,957.4 million a year ago. Earnings before income taxes and after-tax earnings from joint ventures was $1,761.9 million against $2,655.0 million a year ago. Net earnings attributable to the company were $1,221.3 million or $1.97 per diluted share against $1,824.4 million or $2.83 per diluted share a year ago. Net cash provided by operating activities was $2,542.8 million against $2,541.0 million a year ago. Purchases of land, buildings, and equipment were $712.4 million against $663.5 million a year ago. Adjusted operating profit was $2,807.7 million against $2,909.2 million a year ago. Adjusted net earnings attributable to General Mills were $1,773.1 million against $1,819.3 million a year ago. Adjusted diluted EPS totaled $2.86 in fiscal 2015, up 1% from $2.82 earned last year. On a constant-currency basis, adjusted diluted EPS increased 4%. The company expects for the fiscal 2016 net sales to be up 1% in constant currency. Total segment operating profit is expected to grow at a low single-digit rate in constant currency. Constant-currency adjusted diluted EPS is expected to grow at a mid single-digit rate from the base of $2.86 earned in fiscal 2015. At current exchange rates, the company estimates a 4-cent headwind to fiscal 2016 adjusted diluted EPS from currency translation.

General Mills Reportedly Puts Green Giant Business On Block

General Mills, Inc. (NYSE:GIS) may sell its business. The company has reportedly put its Green Giant business up for sale.

General Mills, Inc. Declares Quarterly Dividend Payable on August 3, 2015

General Mills declared a quarterly dividend of $0.44 per share, unchanged from the dividend paid in the previous quarter. This dividend is payable on August 3, 2015 to shareholders of record on July 10, 2015.

 

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GIS Competitors

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Industry Analysis

GIS

Industry Average

Valuation GIS Industry Range
Price/Earnings 28.9x
Price/Sales 1.9x
Price/Book 6.8x
Price/Cash Flow 27.8x
TEV/Sales 1.3x
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