General Mills (GIS)
Market Price (2/27/2026): $44.91 | Market Cap: $24.1 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
General Mills (GIS)
Market Price (2/27/2026): $44.91Market Cap: $24.1 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 5.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 7.4% | Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -110% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 54% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 2.4 Bil | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%, Rev Chg QQuarterly Revenue Change % is -7.2% | |
| Low stock price volatilityVol 12M is 24% | Key risks[GIS] key risks include [1] margin and earnings volatility driven by commodity prices and the company's own hedging instruments, Show more. | |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 5.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 7.4% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 13%, CFO LTM is 2.4 Bil |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and Vegan & Alternative Foods. Themes include Organic & Natural Products, Functional Foods & Beverages, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -61%, 3Y Excs Rtn is -110% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 54% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%, Rev Chg QQuarterly Revenue Change % is -7.2% |
| Key risks[GIS] key risks include [1] margin and earnings volatility driven by commodity prices and the company's own hedging instruments, Show more. |
Qualitative Assessment
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General Mills (GIS) stock has remained largely at the same level since 10/31/2025 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Performance and Initial Stock Lift. General Mills reported adjusted earnings per share (EPS) of $1.10 for its fiscal second quarter of 2026, announced on December 17, 2025, surpassing analyst consensus estimates of $1.03 by $0.07. Quarterly revenue of $4.86 billion also exceeded estimates of $4.78 billion. This positive earnings surprise initially led to a 3.38% increase in General Mills' stock price on December 17, 2025. However, the report also showed a 7.2% year-over-year decline in quarterly revenue and a 20% drop in adjusted operating profit in constant currency, indicating underlying challenges that limited sustained upward momentum despite the beat.
2. Downgraded Fiscal 2026 Outlook Amid Challenging Consumer Environment. The stock experienced downward pressure when General Mills lowered its fiscal 2026 outlook on February 17, 2026. The company revised its organic net sales forecast to a decline of 1.5% to 2% (from the prior range of down 1% to up 1%) and its adjusted operating profit and adjusted diluted EPS to a decrease of 16% to 20% in constant currency (worse than the previously expected 10% to 15% decline). This revision was attributed to weak consumer sentiment, heightened uncertainty, and a slower and more costly volume recovery, causing the stock to fall 3.6% on the day the guidance was cut.
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1. Mixed Fiscal Q2 2026 Earnings Performance and Initial Stock Lift. General Mills reported adjusted earnings per share (EPS) of $1.10 for its fiscal second quarter of 2026, announced on December 17, 2025, surpassing analyst consensus estimates of $1.03 by $0.07. Quarterly revenue of $4.86 billion also exceeded estimates of $4.78 billion. This positive earnings surprise initially led to a 3.38% increase in General Mills' stock price on December 17, 2025. However, the report also showed a 7.2% year-over-year decline in quarterly revenue and a 20% drop in adjusted operating profit in constant currency, indicating underlying challenges that limited sustained upward momentum despite the beat.
2. Downgraded Fiscal 2026 Outlook Amid Challenging Consumer Environment. The stock experienced downward pressure when General Mills lowered its fiscal 2026 outlook on February 17, 2026. The company revised its organic net sales forecast to a decline of 1.5% to 2% (from the prior range of down 1% to up 1%) and its adjusted operating profit and adjusted diluted EPS to a decrease of 16% to 20% in constant currency (worse than the previously expected 10% to 15% decline). This revision was attributed to weak consumer sentiment, heightened uncertainty, and a slower and more costly volume recovery, causing the stock to fall 3.6% on the day the guidance was cut.
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Stock Movement Drivers
Fundamental Drivers
The -2.2% change in GIS stock from 10/31/2025 to 2/26/2026 was primarily driven by a -11.4% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.96 | 44.93 | -2.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,156 | 18,777 | -2.0% |
| Net Income Margin (%) | 15.2% | 13.5% | -11.4% |
| P/E Multiple | 8.5 | 9.5 | 11.5% |
| Shares Outstanding (Mil) | 541 | 536 | 0.9% |
| Cumulative Contribution | -2.2% |
Market Drivers
10/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| GIS | -2.2% | |
| Market (SPY) | 1.1% | -28.8% |
| Sector (XLP) | 16.5% | 61.6% |
Fundamental Drivers
The -5.8% change in GIS stock from 7/31/2025 to 2/26/2026 was primarily driven by a -16.6% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.70 | 44.93 | -5.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,487 | 18,777 | -3.6% |
| Net Income Margin (%) | 11.8% | 13.5% | 14.7% |
| P/E Multiple | 11.4 | 9.5 | -16.6% |
| Shares Outstanding (Mil) | 548 | 536 | 2.2% |
| Cumulative Contribution | -5.8% |
Market Drivers
7/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| GIS | -5.8% | |
| Market (SPY) | 9.4% | -23.9% |
| Sector (XLP) | 12.1% | 59.7% |
Fundamental Drivers
The -21.6% change in GIS stock from 1/31/2025 to 2/26/2026 was primarily driven by a -22.5% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.27 | 44.93 | -21.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,901 | 18,777 | -5.7% |
| Net Income Margin (%) | 13.1% | 13.5% | 3.3% |
| P/E Multiple | 12.3 | 9.5 | -22.5% |
| Shares Outstanding (Mil) | 557 | 536 | 3.8% |
| Cumulative Contribution | -21.6% |
Market Drivers
1/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| GIS | -21.6% | |
| Market (SPY) | 15.5% | 1.3% |
| Sector (XLP) | 14.7% | 66.2% |
Fundamental Drivers
The -35.5% change in GIS stock from 1/31/2023 to 2/26/2026 was primarily driven by a -33.4% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 69.65 | 44.93 | -35.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,367 | 18,777 | -3.0% |
| Net Income Margin (%) | 15.0% | 13.5% | -10.1% |
| P/E Multiple | 14.3 | 9.5 | -33.4% |
| Shares Outstanding (Mil) | 596 | 536 | 11.1% |
| Cumulative Contribution | -35.5% |
Market Drivers
1/31/2023 to 2/26/2026| Return | Correlation | |
|---|---|---|
| GIS | -35.5% | |
| Market (SPY) | 75.9% | -2.4% |
| Sector (XLP) | 29.6% | 60.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GIS Return | 19% | 28% | -20% | 1% | -24% | -3% | -9% |
| Peers Return | 22% | 5% | -5% | -6% | -2% | 13% | 26% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| GIS Win Rate | 50% | 58% | 42% | 50% | 33% | 50% | |
| Peers Win Rate | 60% | 52% | 48% | 40% | 45% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| GIS Max Drawdown | -7% | -7% | -24% | -3% | -25% | -6% | |
| Peers Max Drawdown | -7% | -12% | -17% | -10% | -13% | -4% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PEP, KHC, MDLZ, HSY, TSN. See GIS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/26/2026 (YTD)
How Low Can It Go
| Event | GIS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -32.1% | -25.4% |
| % Gain to Breakeven | 47.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -20.8% | -33.9% |
| % Gain to Breakeven | 26.2% | 51.3% |
| Time to Breakeven | 24 days | 148 days |
| 2018 Correction | ||
| % Loss | -41.9% | -19.8% |
| % Gain to Breakeven | 72.2% | 24.7% |
| Time to Breakeven | 512 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -32.7% | -56.8% |
| % Gain to Breakeven | 48.6% | 131.3% |
| Time to Breakeven | 277 days | 1,480 days |
Compare to PEP, KHC, MDLZ, HSY, TSN
In The Past
General Mills's stock fell -32.1% during the 2022 Inflation Shock from a high on 5/12/2023. A -32.1% loss requires a 47.3% gain to breakeven.
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About General Mills (GIS)
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, and Yoplait trademarks. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. The company operates 466 leased and 392 franchise ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.
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```html- The Kraft Heinz of breakfast, snacks, and pet food.
- Like PepsiCo, but specializing in breakfast cereals, yogurt, and pet food instead of beverages.
- A food-focused Procter & Gamble, owning iconic brands from Cheerios to Yoplait and Blue Buffalo.
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- Cereal Brands: A diverse portfolio of breakfast cereals including popular choices like Cheerios, Lucky Charms, and Cinnamon Toast Crunch.
- Yoplait Yogurt: A range of yogurts, including original, light, Greek, and children's varieties.
- Nature Valley Snacks: Granola bars and other snack products made with whole grains and natural ingredients.
- Pillsbury Baking Products: Refrigerated doughs, baking mixes, and frostings for convenient home baking.
- Old El Paso Mexican Food: Kits, shells, seasonings, and sauces for preparing Mexican-inspired meals at home.
- Annie's Organic Products: Certified organic and natural foods including macaroni & cheese, snacks, and cereals.
- Blue Buffalo Pet Food: Premium natural pet food for dogs and cats, focusing on whole ingredients and no by-products.
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General Mills (GIS) primarily sells its products to other companies, including large retail chains, wholesale clubs, and foodservice distributors, who then sell to individual consumers. Based on its annual financial filings (10-K), General Mills' largest single customer is:- Walmart Inc. (WMT) – This customer accounted for approximately 21 percent of General Mills' consolidated net sales in fiscal year 2023.
- The Kroger Co. (KR)
- Target Corporation (TGT)
- Costco Wholesale Corporation (COST)
- Amazon.com, Inc. (AMZN) (via its various grocery operations like Whole Foods Market and Amazon Fresh, as well as online retail)
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Jeffrey L. Harmening, Chairman and Chief Executive Officer
Jeffrey L. Harmening joined General Mills in 1994 and has served in various leadership roles within the company, including President and Chief Operating Officer. He was also the Senior Vice President and Chief Executive Officer of Cereal Partners Worldwide (CPW), a joint venture between General Mills and Nestlé. Prior to his tenure at General Mills, Harmening began his career as a financial analyst at Eli Lilly from 1989 to 1992. During his leadership of the U.S. Retail business, General Mills significantly expanded its presence in the natural and organic food segment through acquisitions such as Annie's and EPIC Provisions.
Kofi A. Bruce, Chief Financial Officer
Kofi A. Bruce assumed the role of Chief Financial Officer in February 2020, having joined General Mills in 2009. His career at General Mills includes various finance leadership positions such as Vice President of Financial Operations, Vice President, Controller, and Vice President, Treasurer. Before joining General Mills, Bruce held senior management roles at Ecolab, including Vice President and Treasurer, and at Ford Motor Company, where he worked in treasury, corporate development, and control. He also has professional experience in merchant banking and venture capital in South Africa, as well as mortgage banking in the U.S.
Dana McNabb, Group President, North America Retail and North America Pet
Dana McNabb serves as Group President, North America Retail and North America Pet. Her previous roles at General Mills include Chief Strategy and Growth Officer, Group President for the Europe & Australia segment, and President of the U.S. Cereal operating unit.
Paul Gallagher, Chief Supply Chain Officer
Paul Gallagher is the Chief Supply Chain Officer at General Mills. Before this, he was the Vice President of North America Supply Chain for the company. Prior to joining General Mills, Gallagher held various leadership positions at Diageo plc.
Jaime Montemayor, Chief Digital and Technology Officer
Jaime Montemayor is the Chief Digital and Technology Officer, responsible for leading General Mills' digital transformation efforts. He joined General Mills with over 20 years of experience in the technology sector, including leadership roles at 7-Eleven and PepsiCo, where he served as Senior Vice President and Chief Information Officer for the Americas Foods segment and for Digital Innovation, Data and Analytics.
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The key risks to General Mills' business include volatility in commodity prices and input costs, intense competition combined with evolving consumer preferences, and potential disruptions within its supply chain.
- Commodity Price Volatility and Input Cost Inflation: General Mills faces significant threats from fluctuating commodity prices and rising input costs, which directly impact its cost of goods sold and overall profitability. While the company utilizes derivatives to hedge against these risks, such financial instruments can introduce additional volatility in gross margins and net earnings.
- Intense Competition and Shifting Consumer Preferences: The company operates in a highly competitive consumer goods landscape and is susceptible to shifts in consumer demand, including a trend towards generic or private-label brands. This has contributed to revenue declines and creates pressure on pricing and product mix, challenging General Mills' ability to maintain market share and drive revenue growth in its core categories.
- Supply Chain Disruptions: General Mills is exposed to risks associated with disruptions or inefficiencies within its supply chain. Such disruptions can adversely affect the company's business operations and financial results.
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The rapid emergence and growth of direct-to-consumer (DTC) food brands and personalized nutrition platforms that bypass traditional retail channels and cater to highly specific dietary needs and preferences. These agile companies offer curated, often subscription-based, food solutions (e.g., specialized meal kits, functional snacks, plant-based alternatives) that leverage digital marketing and direct customer relationships, eroding the mass-market appeal and traditional distribution advantages of incumbent CPG companies like General Mills.
The increasing sophistication and market penetration of retailer-owned private label brands, which are moving beyond generic, low-cost options to offer premium, innovative, and even organic products that directly compete with General Mills' branded offerings. Major retailers are leveraging their consumer data and shelf space to build strong private label portfolios, directly challenging the market share, pricing power, and brand loyalty that CPG incumbents have historically relied upon.
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General Mills (symbol: GIS) operates in several key product categories, with addressable market sizes identified for their main products as follows:
- Breakfast Cereals: The global breakfast cereals market size was valued at USD 65.23 billion in 2024 and is expected to reach USD 104.07 billion by 2032. The U.S. breakfast cereal market size was USD 13.57 billion in 2024 and is projected to reach approximately USD 19.57 billion by 2034.
- Snacks: The global snacks market size was estimated at USD 719.18 billion in 2024 and is projected to reach USD 922.08 billion by 2030.
- Pet Food: The global pet food market size was valued at USD 128.7 billion in 2024 and is projected to reach USD 226.5 billion by 2034. The U.S. pet food market size is projected to reach an estimated value of USD 59.76 billion by 2032.
- Yogurt: The United States yogurt market size is estimated at USD 12.30 billion in 2025 and is expected to reach USD 15.43 billion by 2030.
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General Mills (GIS) is expected to drive future revenue growth over the next 2-3 years through several key strategies:- Innovation, Product Development, and Brand Building: General Mills is focused on its "Accelerate" strategy to "boldly build its brands" and provide "remarkable experiences for consumers" through enhanced product offerings, packaging, brand communication, and omnichannel execution. The company aims to introduce "superior product news and innovation" and "consumer-centric innovations" to meet consumer needs, with specific examples including Blue Buffalo's expansion into fresh pet food.
- Strategic Portfolio Reshaping and Focus on High-Growth Segments: The company has actively "reshaped almost one third of its portfolio" to concentrate on areas with more profitable growth potential. This includes divesting its North American Yogurt business to allow focus on other segments. The pet food and foodservice segments are highlighted as significant growth opportunities, with the pet food business specifically expected to achieve mid-single-digit organic sales growth.
- Accelerated Volume Growth Supported by Holistic Margin Management (HMM) Reinvestments and Strategic Pricing: A top priority for General Mills in fiscal years 2025 and 2026 is to "accelerate organic net sales growth," particularly focusing on increasing volume. The company plans to achieve significant cost savings through its HMM program and reinvest these savings into exciting growth ideas and brand investments. This strategy, combined with disciplined execution of price investments to offer greater consumer value, is aimed at improving market share and driving sales volume.
- Digital and Technology Investments: General Mills is investing in "best-in-class digital and technology capabilities" to enhance "growth, efficiency, and agility" across its operations. These advancements are expected to improve operational processes and product delivery, indirectly contributing to revenue growth by enhancing the overall consumer experience and expanding market reach.
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Share Repurchases
- General Mills repurchased approximately $2.0 billion of common stock (29 million shares) in fiscal 2024.
- In fiscal 2025, the company repurchased approximately $1.2 billion of common stock (19 million shares).
- A significant equity buyback plan, announced in June 2022, was completed between May 26, 2025, and August 24, 2025, totaling $4,626.11 million for 66,880,078 shares (11.7% of stock).
Share Issuance
- Proceeds from common stock issued on exercised options amounted to $232.3 million in fiscal 2023 and $161.7 million in fiscal 2022.
Outbound Investments
- General Mills acquired Tyson Foods' pet treats business for $1.2 billion in cash in July 2021 (fiscal 2022).
- In fiscal 2023, the company acquired TNT Crust for $252 million in cash and sold its Hamburger Helper and Suddenly Salad businesses for $610 million.
- An agreement was made to sell the North American yogurt business for approximately $2.1 billion in cash, expected to close in calendar 2025, with proceeds intended for future share repurchases.
Capital Expenditures
- Capital expenditures were $774 million in fiscal 2024 and $625 million in fiscal 2025.
- Expected capital expenditures for fiscal 2025 are approximately 3.5% of sales.
- The focus of capital expenditures includes fueling growth, supporting innovative products, continuing Holistic Margin Management (HMM) initiatives, and expanding the James Ford Bell Technical Center for research and development.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01022026 | CALM | Cal-Maine Foods | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | -7.7% |
| 01022026 | FIZZ | National Beverage | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.7% | 17.7% | 0.0% |
| 12192025 | LW | Lamb Weston | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 8.0% | 8.0% | -8.3% |
| 12192025 | KVUE | Kenvue | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.5% | 11.5% | -1.6% |
| 12122025 | PRMB | Primo Brands | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 19.4% | 19.4% | -2.1% |
| 09262025 | GIS | General Mills | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -8.7% | -8.7% | -12.0% |
| 12312018 | GIS | General Mills | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 39.9% | 43.1% | -1.3% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 61.52 |
| Mkt Cap | 38.0 |
| Rev LTM | 31,740 |
| Op Inc LTM | 3,266 |
| FCF LTM | 2,509 |
| FCF 3Y Avg | 2,757 |
| CFO LTM | 3,411 |
| CFO 3Y Avg | 3,606 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.5% |
| Rev Chg 3Y Avg | 1.9% |
| Rev Chg Q | 5.3% |
| QoQ Delta Rev Chg LTM | 1.5% |
| Op Mgn LTM | 13.4% |
| Op Mgn 3Y Avg | 15.8% |
| QoQ Delta Op Mgn LTM | -0.9% |
| CFO/Rev LTM | 12.7% |
| CFO/Rev 3Y Avg | 14.5% |
| FCF/Rev LTM | 8.9% |
| FCF/Rev 3Y Avg | 10.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 38.0 |
| P/S | 1.6 |
| P/EBIT | 20.8 |
| P/E | 29.6 |
| P/CFO | 13.9 |
| Total Yield | 5.3% |
| Dividend Yield | 3.3% |
| FCF Yield 3Y Avg | 4.8% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.6% |
| 3M Rtn | 7.3% |
| 6M Rtn | 7.0% |
| 12M Rtn | 2.9% |
| 3Y Rtn | 1.8% |
| 1M Excs Rtn | 3.6% |
| 3M Excs Rtn | 6.0% |
| 6M Excs Rtn | -1.6% |
| 12M Excs Rtn | -15.8% |
| 3Y Excs Rtn | -72.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Snacks | 4,327 | 4,432 | 3,961 | 3,574 | 3,530 |
| Cereal | 3,188 | 3,210 | 2,998 | 2,869 | 2,874 |
| Convenient meals | 2,906 | 2,962 | 2,988 | 3,030 | 2,814 |
| Dough | 2,424 | 2,390 | 1,986 | 1,866 | 1,801 |
| Pet | 2,383 | 2,476 | 2,260 | 1,732 | 1,695 |
| Baking mixes and ingredients | 1,996 | 2,037 | 1,844 | 1,696 | 1,674 |
| Yogurt | 1,482 | 1,473 | 1,715 | 2,075 | 2,057 |
| Super-premium ice cream | 729 | 704 | 782 | 820 | 718 |
| Other | 422 | 411 | 458 | 465 | |
| Vegetables and other | 464 | ||||
| Total | 19,857 | 20,094 | 18,993 | 18,127 | 17,627 |
Price Behavior
Price Behavior
| Market Price | $44.93 | |
| Market Cap ($ Bil) | 24.1 | |
| First Trading Date | 06/10/1983 | |
| Distance from 52W High | -27.8% | |
| 50 Days | 200 Days | |
| DMA Price | $45.80 | $48.01 |
| DMA Trend | down | indeterminate |
| Distance from DMA | -1.9% | -6.4% |
| 3M | 1YR | |
| Volatility | 28.0% | 24.1% |
| Downside Capture | -114.84 | -0.96 |
| Upside Capture | -125.10 | -23.58 |
| Correlation (SPY) | -26.8% | 2.5% |
GIS Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.59 | -0.80 | -0.59 | -0.46 | 0.04 | -0.02 |
| Up Beta | -0.31 | -0.26 | -0.88 | -0.14 | 0.21 | 0.14 |
| Down Beta | 0.14 | -0.54 | -0.34 | -0.50 | -0.08 | -0.05 |
| Up Capture | -92% | -90% | -50% | -37% | -9% | -3% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 20 | 30 | 60 | 115 | 363 |
| Down Capture | -167% | -126% | -76% | -73% | 10% | -10% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 21 | 30 | 63 | 133 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GIS | |
|---|---|---|---|---|
| GIS | -23.5% | 24.3% | -1.15 | - |
| Sector ETF (XLP) | 8.4% | 14.1% | 0.34 | 66.9% |
| Equity (SPY) | 17.1% | 19.4% | 0.69 | 2.5% |
| Gold (GLD) | 79.3% | 25.7% | 2.25 | -1.6% |
| Commodities (DBC) | 10.9% | 16.8% | 0.45 | -3.0% |
| Real Estate (VNQ) | 6.6% | 16.6% | 0.21 | 36.3% |
| Bitcoin (BTCUSD) | -23.4% | 45.1% | -0.46 | -5.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GIS | |
|---|---|---|---|---|
| GIS | -1.0% | 20.8% | -0.11 | - |
| Sector ETF (XLP) | 9.1% | 13.1% | 0.47 | 63.1% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 9.5% |
| Gold (GLD) | 23.6% | 17.2% | 1.12 | 3.1% |
| Commodities (DBC) | 10.8% | 19.0% | 0.45 | -2.2% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.19 | 27.7% |
| Bitcoin (BTCUSD) | 4.0% | 57.0% | 0.29 | -1.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GIS | |
|---|---|---|---|---|
| GIS | 0.9% | 21.8% | 0.03 | - |
| Sector ETF (XLP) | 8.5% | 14.6% | 0.45 | 62.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 23.7% |
| Gold (GLD) | 15.1% | 15.6% | 0.81 | 6.0% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 0.4% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 32.4% |
| Bitcoin (BTCUSD) | 66.3% | 66.8% | 1.06 | 1.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/17/2025 | 3.4% | -0.8% | -4.0% |
| 9/17/2025 | -0.8% | 2.0% | -2.5% |
| 6/25/2025 | -5.1% | -0.4% | -3.2% |
| 3/19/2025 | -2.1% | -4.4% | -5.6% |
| 12/18/2024 | -3.1% | -3.3% | -8.0% |
| 9/18/2024 | 0.7% | -1.0% | -3.9% |
| 6/26/2024 | -4.6% | -6.1% | -1.2% |
| 3/20/2024 | 1.2% | -0.4% | 1.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 14 | 13 | 13 |
| Median Positive | 2.7% | 2.3% | 4.3% |
| Median Negative | -3.4% | -1.4% | -4.0% |
| Max Positive | 6.3% | 8.5% | 17.6% |
| Max Negative | -5.2% | -19.2% | -10.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 11/30/2025 | 12/17/2025 | 10-Q |
| 08/31/2025 | 09/17/2025 | 10-Q |
| 05/31/2025 | 06/26/2025 | 10-K |
| 02/28/2025 | 03/19/2025 | 10-Q |
| 11/30/2024 | 12/18/2024 | 10-Q |
| 08/31/2024 | 09/18/2024 | 10-Q |
| 05/31/2024 | 06/26/2024 | 10-K |
| 02/29/2024 | 03/20/2024 | 10-Q |
| 11/30/2023 | 12/20/2023 | 10-Q |
| 08/31/2023 | 09/20/2023 | 10-Q |
| 05/31/2023 | 06/28/2023 | 10-K |
| 02/28/2023 | 03/23/2023 | 10-Q |
| 11/30/2022 | 12/20/2022 | 10-Q |
| 08/31/2022 | 09/21/2022 | 10-Q |
| 05/31/2022 | 06/30/2022 | 10-K |
| 02/28/2022 | 03/23/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gallagher, Paul Joseph | Chief Supply Chain Officer | Direct | Sell | 12232025 | 48.15 | 1,500 | 72,231 | 2,338,750 | Form |
| 2 | Williams-Roll, Jacqueline | Chief Human Resources Officer | by Trust | Sell | 9232025 | 50.04 | 4,000 | 200,156 | 3,332,227 | Form |
| 3 | Sharma, Pankaj Mn | Segment President | Direct | Sell | 5192025 | 54.12 | 3,643 | 197,159 | 1,789,923 | Form |
| 4 | Harmening, Jeffrey L | Chairman of the Board & CEO | Direct | Sell | 3102025 | 65.00 | 11,379 | 739,635 | 22,967,477 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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