General Mills Inc (NYSE:GM) stock review: is the company’s turnaround plan working?

General Mills Inc. is a leading worldwide packed meals business with a diverse portfolio of well-known brands. Along with increasing dividends per share and expanding into brand new industries, the organization has made 86 acquisitions. Therefore, in the event that you’re considering purchasing stocks of General Mills, there are many reasons to consider it as a potential investment. Keep reading to find out more. Its history is traced back once again to 1868, when it had been launched regarding the banks regarding the Mississippi River in Minneapolis.

General Mills is a leading worldwide packed meals business

General Mills is a multinational consumer goods business located in Minneapolis, Minnesota. The company produces branded meals for customers all over the world, attempting to sell them in grocery stores, drug shops, buck stores, and convenience stores. These foods range between ready-to-eat cereals and treats to frozen meals, yogurt, and ice cream. In addition, the business is active beyond your grocery sector, through its foodservice device.

It’s a profile of familiar brands

Founded on the banks associated with the Mississippi River in Minneapolis, General Mills, Inc. was providing consumers with many different delicious foods for longer than a century. The organization has developed a few familiar brands, including Gold Medal flour, Annie’s Homegrown, Nature Valley, Totino’s, Pillsbury, and Haagen-Dazs. It also markets other well-known North American brands, including fortunate Charms and Trix.

It raises dividends per share

Several organizations recently increased their dividends, including Micron tech and General Mills. In addition, many big 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 company has a growing company and is prepared to get back money to investors. If you’re considering investing in this stock, it’s well worth considering the free cash flow declaration.

It’s made 86 purchases in brand new companies

With an annual revenue of $13 billion and an industry cap of $30 billion, General Mills happens to be a juggernaut for decades. However, its business model is changing. The organization has expanded into brand new industries, such as for example pet food. In 1999, General Mills diversified by adding a line of Betty Crocker rice and pasta mixes. In addition, it bought Blue Buffalo, a company that emphasizes natural products. The acquisition also diversified General Mills’ sales by reducing its exposure to unhealthful products. Additionally, it’s become a recession proof segment.

It’s a very good stability sheet

The economic statements of General Mills, Inc. are an excellent place to start looking at the company’s economic health. The company makes use of debt to finance its operations, and its particular assets are on average 3 times its investors’ equity. That means its stability sheet is very strong compared to its rivals. However the financial statements do involve some what to look out for. General Mills should make certain its future earnings can maintain its strong stability sheet.

This article is contributed by Guestomatic