General Mills (GIS)

Company Profile

General Mills is a leading global food company whose purpose is to make food the world loves. Its brands include Cheerios, Annie's, Yoplait, Nature Valley, Häagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki, BLUE and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2020 net sales of U.S. $17.6 billion. In addition, General Mills' share of non-consolidated joint venture net sales totaled U.S. $1.0 billion.

Company profile

Ticker

GIS

Exchange

NYSE

Website

www.generalmills.com

CEO

Jeffrey Harmening

Incorporated

Delaware

Location

Minnesota

Fiscal year end

May 30

Sector

Manufacturing > Breakfast Cereal Manufacturing

Industry (SIC)

Grain Mill Products

Kellogg • Ingredion • Post • Forafric Global • Freshpet • RiceBran Technologies • Rogue One • Applied BioSciences • Affinity Gold ...

SEC CIK

0000040704

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

C.P.D.CEREAL PARTNERSDEUTSCHLAND GmbH • C.P.W.MEXICO S. de R.L. de C.V. • CEREAL PARTNERS(MALAYSIA)SDN. BHD. • CEREAL PARTNERSAUSTRALIA PTY LIMITED • CEREAL PARTNERSGIDA TICARET LIMITED • CEREAL PARTNERSMEXICO, S.A. DE C.V. • CEREAL PARTNERSRUS LLC • CPW BRASIL LTDA. • CPW HONG KONG LIMITED • CPW PHILIPPINES, INC. ...

IRS number

410274440

GIS stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$85.38

Low target

$77.00

High target

$96.00

Latest filings (excl ownership)

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8-K

Departure of Directors or Certain Officers

Certification of approval for exchange listing

14 Apr 23

8-A12B

Registration of securities on exchange

Prospectus supplement for primary offering

Prospectus supplement for primary offering

28 Mar 23

FWP

Free writing prospectus

28 Mar 23

424B5

Prospectus supplement for primary offering

28 Mar 23

Transcripts

View all

GIS

Earnings call transcript

2023 Q3

23 Mar 23

GIS

Earnings call transcript

2023 Q2

20 Dec 22

GIS

Earnings call transcript

2023 Q1

21 Sep 22

GIS

Earnings call transcript

2022 Q4

29 Jun 22

GIS

Earnings call transcript

2022 Q3

23 Mar 22

GIS

Earnings call transcript

2022 Q2

21 Dec 21

GIS

Earnings call transcript

2021 Q1

22 Sep 21

GIS

Earnings call transcript

2021 Q4

30 Jun 21

GIS

Earnings call transcript

2021 Q3

24 Mar 21

GIS

Earnings call transcript

2021 Q2

17 Dec 20

Latest ownership filings

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Notice of proposed sale of securities

18 May 23

144/A

Notice of proposed sale of securities (amended)

17 May 23

144

Notice of proposed sale of securities

16 May 23

Financial summary

Financial statements Chart GIS financial data

Quarter (USD)	Feb 23	Nov 22	Aug 22	May 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	May 22	May 21	May 20	May 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	618.70 mm	618.70 mm	618.70 mm	618.70 mm	618.70 mm	618.70 mm
Cash burn (monthly)	8.47 mm	18.81 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	28.83 mm	64.05 mm	n/a	n/a	n/a	n/a
Cash remaining	589.87 mm	554.65 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	69.7	29.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

GIS institutional ownership history Ownership history

76.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1593	1630	-2.3%
Opened positions	115	195	-41.0%
Closed positions	152	114	+33.3%
Increased positions	528	569	-7.2%
Reduced positions	648	571	+13.5%

13F shares	Current	Prev Q	Change
Total value	37.39 tn	37.79 tn	-1.1%
Total shares	450.87 mm	451.54 mm	-0.1%
Total puts	2.66 mm	3.00 mm	-11.3%
Total calls	3.13 mm	5.40 mm	-42.1%
Total put/call ratio	0.8	0.6	+53.3%

Largest owners	Shares	Value	Change
BLK Blackrock	54.43 mm	$4.65 tn	-3.6%
Vanguard	52.28 mm	$4.47 tn	+0.5%
Capital International Investors	33.54 mm	$2.87 tn	+1.4%
STT State Street	32.86 mm	$2.81 tn	-3.0%
Capital Research Global Investors	22.42 mm	$1.92 tn	-1.3%
Geode Capital Management	11.34 mm	$967.30 bn	-0.2%
Ofi Invest Asset Management	9.66 mm	$113.09 mm	NEW
MS Morgan Stanley	8.12 mm	$694.31 bn	-1.5%
NTRS Northern Trust	7.78 mm	$664.67 bn	+0.5%
Charles Schwab Investment Management	7.56 mm	$627.88 bn	-15.7%

Largest transactions	Shares	Bought/sold	Change
Ofi Invest Asset Management	9.66 mm	+9.66 mm	NEW
Norges Bank	0.00	-4.56 mm	EXIT
T. Rowe Price	6.94 mm	+3.50 mm	+101.7%
Envestnet Asset Management	3.54 mm	+3.05 mm	+627.7%
1832 Asset Management	296.90 k	-2.64 mm	-89.9%
BLK Blackrock	54.43 mm	-2.02 mm	-3.6%
GS Goldman Sachs	5.02 mm	+1.70 mm	+51.3%
BMO Bank of Montreal	0.00	-1.46 mm	EXIT
BAC Bank Of America	6.53 mm	-1.44 mm	-18.1%
Charles Schwab Investment Management	7.56 mm	-1.41 mm	-15.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

GIS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 May 23	David Cordani	Common Stock	Grant	Acquire A	No	No	85.07	279	23.73 k	8,164
28 May 23	Maria Henry	Common Stock	Grant	Acquire A	No	No	85.07	337	28.67 k	36,244
28 May 23	Odland Stephen A	Phantom Stock Common Stock	Grant	Acquire A	No	No	85.07	352	29.94 k	42,567.185
28 May 23	Sprunk Eric D	Phantom Stock Common Stock	Grant	Acquire A	No	No	85.07	337	28.67 k	13,036.804
28 May 23	Uribe Jorge A.	Common Stock	Payment of exercise	Dispose F	No	No	85.07	51	4.34 k	27,563.015
28 May 23	Uribe Jorge A.	Common Stock	Grant	Acquire A	No	No	85.07	264	22.46 k	27,614.015