Comprehensive Analysis of General Mills, Inc. (GIS)
1. Current Status and Performance 📈
As of the most recent data, the current price of GIS is $65.18. Over the past 12 months, GIS has returned -17.05%, underperforming the SPY's performance of 13.09%. This performance has earned it a C (54.38%) for its Overall Grade.
2. Financials 💰
General Mills' financials reveal a revenue per share of 34.592 and a net income per share of 4.1743. The operating cash flow per share stands at 4.7209, while the free cash flow per share is 3.4582. The company's cash per share is 0.8372, and the book value per share is 17.5036. The company's debt to equity ratio is 1.1968, indicating a high level of debt relative to equity.
3. News and Market Sentiment 📰
Recent news stories from Zacks Investment Research highlight their commitment to independent research and sharing profitable discoveries. They emphasize their stock-ranking system, which has averaged a 23.96% annual gain since 1988, outperforming the S&P 500.
4. Earnings Report 💵
General Mills held a Q&A webcast on its third-quarter fiscal results for 2023. CEO Jeff Harmening reported that sales and margins in the pet food business were as anticipated, and profitability is expected to rise in the next quarter due to pricing tweaks and enhanced service levels. The company also reported a double-digit increase in marketing spending, which is expected to continue alongside sales growth. The company also anticipates mid-single-digit inflation in the next fiscal year due to labor and conversion costs. Despite potential inflationary risks, the company feels confident in its ability to navigate these due to its increased agility.
5. Future Outlook 🚀
General Mills reported a 4% increase in net sales and organic net sales in Q1 of fiscal 2024, but operating profit decreased by 14% due to various factors. The company plans to drive organic net sales growth through marketing and innovation while managing input cost inflation and generating cost savings.
6. Conclusion 🎓
General Mills appears to be in a challenging position, with a decrease in total comprehensive income and earnings per share in fiscal year 2023 compared to the previous two years. However, the company has various stock plans, pension plans, and other benefit plans. They have long-term debt and credit facilities available. General Mills has appointed KPMG LLP as their independent accounting firm and their financial statements show an increase in net sales. The company has made acquisitions and divestitures, incurred restructuring costs, and has investments in joint ventures. They manage market risks through derivatives and disclose information about leases and the carrying values of assets. Despite potential inflationary risks, the company feels confident in its ability to navigate these due to its increased agility. As with any investment, it's crucial to consider all factors and conduct thorough research before making a decision. It's also important to consider your own investment goals and risk tolerance.
1. Current Status and Performance 📈
As of the most recent data, the current price of GIS is $65.18. Over the past 12 months, GIS has returned -17.05%, underperforming the SPY's performance of 13.09%. This performance has earned it a C (54.38%) for its Overall Grade.
2. Financials 💰
General Mills' financials reveal a revenue per share of 34.592 and a net income per share of 4.1743. The operating cash flow per share stands at 4.7209, while the free cash flow per share is 3.4582. The company's cash per share is 0.8372, and the book value per share is 17.5036. The company's debt to equity ratio is 1.1968, indicating a high level of debt relative to equity.
3. News and Market Sentiment 📰
Recent news stories from Zacks Investment Research highlight their commitment to independent research and sharing profitable discoveries. They emphasize their stock-ranking system, which has averaged a 23.96% annual gain since 1988, outperforming the S&P 500.
4. Earnings Report 💵
General Mills held a Q&A webcast on its third-quarter fiscal results for 2023. CEO Jeff Harmening reported that sales and margins in the pet food business were as anticipated, and profitability is expected to rise in the next quarter due to pricing tweaks and enhanced service levels. The company also reported a double-digit increase in marketing spending, which is expected to continue alongside sales growth. The company also anticipates mid-single-digit inflation in the next fiscal year due to labor and conversion costs. Despite potential inflationary risks, the company feels confident in its ability to navigate these due to its increased agility.
5. Future Outlook 🚀
General Mills reported a 4% increase in net sales and organic net sales in Q1 of fiscal 2024, but operating profit decreased by 14% due to various factors. The company plans to drive organic net sales growth through marketing and innovation while managing input cost inflation and generating cost savings.
6. Conclusion 🎓
General Mills appears to be in a challenging position, with a decrease in total comprehensive income and earnings per share in fiscal year 2023 compared to the previous two years. However, the company has various stock plans, pension plans, and other benefit plans. They have long-term debt and credit facilities available. General Mills has appointed KPMG LLP as their independent accounting firm and their financial statements show an increase in net sales. The company has made acquisitions and divestitures, incurred restructuring costs, and has investments in joint ventures. They manage market risks through derivatives and disclose information about leases and the carrying values of assets. Despite potential inflationary risks, the company feels confident in its ability to navigate these due to its increased agility. As with any investment, it's crucial to consider all factors and conduct thorough research before making a decision. It's also important to consider your own investment goals and risk tolerance.
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