Last $50.51 USD
Change Today -0.09 / -0.18%
Volume 1.7M
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As of 8:04 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

general mills inc (GIS) Snapshot

Open
$50.83
Previous Close
$50.60
Day High
$50.90
Day Low
$50.45
52 Week High
06/5/14 - $55.64
52 Week Low
02/5/14 - $46.70
Market Cap
30.5B
Average Volume 10 Days
3.1M
EPS TTM
$2.63
Shares Outstanding
603.7M
EX-Date
10/8/14
P/E TM
19.2x
Dividend
$1.64
Dividend Yield
3.19%
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.

43,000 Employees
Last Reported Date: 07/3/14
Founded in 1928

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
Chief Compliance & Risk Management Officer, E...
Total Annual Compensation: $645.2K
Compensation as of Fiscal Year 2014.

general mills inc (GIS) Key Developments

General Mills to Close Manufacturing Facility

General Mills announced that it will close its manufacturing facility in Lodi, Calif., near the end of 2015. The company had announced a preliminary decision on September 18, 2014 subject to negotiation with union officials. Those discussions are now complete, and the company has begun a review of the necessary processes and transition steps to consolidate manufacturing at other facilities within the General Mills supply chain. The closure will impact approximately 430 employees. The company said it will provide severance and transition benefits to all affected employees.

General Mills, Inc. Appoints Jacqueline Williams-Roll as Senior Vice President of Global Human Resources Operations

Jacqueline Williams-Roll is working to build one undeniable General Mills culture worldwide as the company's new senior vice president of global human resources operations. Williams-Roll, who has nearly 20 years' experience at General Mills, previously was vice president of human resources for General Mills International. She succeeded Mike Davis, working alongside him for a year before his retirement in August. She has worked in human resources for several international divisions, and is the first woman to serve as the head of global human resources at General Mills.

General Mills to Cut Another 700 to 800 Jobs; Announces Project Century Restructuring Program

General Mills Inc. announced that it expects to cut another 700 to 800 jobs, primarily in the U.S., as part of a multi-year restructuring plan. This is in addition to job cuts announced by the company in mid-September. Under the Project Century restructuring program, the company plans to consolidate its yogurt manufacturing capacity and exit the Methuen, Massachusetts facility in the U.S. Retail and Convenience Stores and Foodservice supply chains. The company will also close its Lodi, California facility plant to eliminate excess cereal and dry mix capacity in its U.S. Retail supply chain. The company announced that it will record total restructuring charges of about $135 million to $160 million pre-tax, primarily reflecting one-time employee termination benefits. Of this, about $110 million to $135 million will result in future cash expenditures. General Mills expects to complete the restructuring actions by the end of fiscal 2015 and generate annual cost savings of about $125 million to $150 million, beginning in fiscal 2016. In fiscal 2015, the company expects these actions and other efforts to reduce overhead costs and generate about $40 million of savings. The company noted that these estimates are separate from the estimates it provided previously in connection with the Project Century North American supply chain restructuring plan.

 

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Industry Analysis

GIS

Industry Average

Valuation GIS Industry Range
Price/Earnings 18.9x
Price/Sales 1.7x
Price/Book 4.9x
Price/Cash Flow 17.9x
TEV/Sales 1.1x
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