General Mills
About: General Mills is a global packaged food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2024, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
Employees: 34,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
11% more call options, than puts
Call options by funds: $200M | Put options by funds: $180M
0.91% more ownership
Funds ownership: 76.63% [Q1] → 77.54% (+0.91%) [Q2]
4% less funds holding
Funds holding: 1,559 [Q1] → 1,503 (-56) [Q2]
10% less capital invested
Capital invested by funds: $30.3B [Q1] → $27.4B (-$2.88B) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 532 | Existing positions reduced: 599
25% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 6 (-2) [Q2]
34% less first-time investments, than exits
New positions opened: 108 | Existing positions closed: 164
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
JP Morgan Ken Goldman 86% 1-year accuracy 6 / 7 met price target | 3%downside $67 | Neutral Maintained | 14 Oct 2024 |
TD Cowen Robert Moskow 93% 1-year accuracy 14 / 15 met price target | 9%upside $75 | Hold Maintained | 20 Sept 2024 |
Barclays Andrew Lazar 64% 1-year accuracy 7 / 11 met price target | 7%upside $74 | Equal-Weight Maintained | 20 Sept 2024 |
Citigroup Thomas Palmer 50% 1-year accuracy 14 / 28 met price target | 9%upside $75 | Neutral Maintained | 19 Sept 2024 |
Stifel Matthew Smith 69% 1-year accuracy 20 / 29 met price target | 19%upside $82 | Buy Maintained | 19 Sept 2024 |
Financial journalist opinion
Based on 4 articles about GIS published over the past 30 days
