Last €41.55 EUR
Change Today +0.19 / 0.46%
Volume 560.0
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As of 4:17 AM 11/27/14 All times are local (Market data is delayed by at least 15 minutes).

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11/7/14 - €43.39
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general mills inc (GRM) 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 (GRM) 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 (GRM) Key Developments

General Mills Revises Earnings Guidance for the Fiscal Year 2015

General Mills revises earnings guidance for the fiscal year 2015. The company’s fiscal 2015 net sales in constant currency are now expected to grow at a low single-digit rate from the 2014 base of $17.9 billion. Total segment operating profit in constant currency is expected to decline at a low single-digit rate from prior-year results of $3.15 billion. This includes more than $400 million in cost of goods savings from holistic margin management (HMM), along with $40 million in savings from projects initiated this year to streamline the company's North American supply chain and further reduce overhead costs. Fiscal 2015 adjusted diluted earnings per share are expected to grow at a low single-digit rate in constant currency from the base of $2.82 earned in fiscal 2014. This includes an estimated contribution from Annie's of one cent per share. Adjusted diluted earnings per share for the second quarter ending November 23, 2014, are expected to be between $0.75 and $0.77. This compares to adjusted diluted EPS of $0.83 earned in the prior year's second quarter. Previously, the company had been targeting mid single-digit constant-currency growth in net sales and segment operating profit, and high single-digit constant-currency growth in adjusted diluted EPS for fiscal 2015.

General Mills Elects David M. Cordani to Board of Directors

General Mills elected David M. Cordani to its board of directors. Cordani is President and Chief Executive Officer of Cigna Corporation.

U.S. District Court for the District of Minnesota Denies Dismissal of Property Owners' Lawsuit Against General Mills, Inc

The U.S. District Court for the District of Minnesota denied dismissal of property owners' lawsuit alleging that General Mills failed to adequately investigate and remediate contamination at the site of one of its industrial facilities. The property owners had standing to seek injunctive relief and their claims were sufficiently pleaded. General Mills Inc. operated an industrial facility in the Como neighborhood of Minneapolis (the area) from 1930 to 1977. General Mills disposed of thousands of gallons of hazardous substances each year at the site of the facility. The hazardous substances included chemical trichloroethylene, a human carcinogen. Three owners of residential property in the area sued General Mills. The complaint alleged, in part, that continued contamination from the General Mills facility threatened the health of area residents. General Mills argued the plaintiffs lacked standing to pursue injunctive relief. General Mills had installed vapor mitigation systems on the plaintiffs' properties so the requested "comprehensive remediation" would not redress the plaintiffs' alleged injuries in any meaningful way, according to General Mills. The district court rejected the challenge to standing. The plaintiffs sought remediation at the source of the trichloroethylene contamination. They plausibly pleaded that there was a real and imminent risk of injury due to the continuing migration of a known human carcinogen. General Mills contended the federal Comprehensive Environmental Response, Compensation, and Liability Act barred the injunctive relief claims. Under CERCLA, a federal court lacks jurisdiction over any challenge to a clean-up project implemented by the federal government. In 1984, General Mills and the Minnesota Pollution Control Agency entered into a consent order that addressed pollution at the General Mills facility. General Mills argued that the remedial actions underway at the General Mills facility site were pursuant to CERCLA. The district court determined the MCPA was acting under state law, and not pursuant to CERCLA. The consent order lacked any reference to CERCLA and did not involve the U.S. Environmental Protection Agency as a party. The district court held the plaintiffs stated viable causes of action. The allegation that the vapor contamination substantially diminished the value of the plaintiffs' respective properties was sufficient to satisfy the injury element of a negligence claim. To sustain a nuisance claim, the interference with the enjoyment of life or property must be material and substantial. A finder of fact could reasonably conclude the impact of toxic vapors was material and substantial by the standards of "ordinary" people. The district court held it had jurisdiction over the matter. The plaintiffs could proceed with their claims.


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Price/Earnings 19.3x
Price/Sales 1.8x
Price/Book 5.0x
Price/Cash Flow 18.2x
TEV/Sales 1.1x

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