AllAnalyst Report
logoMorningstarSeptember 04, 2020

General Mills, Inc.: General Mills' COVID-19-Related Sales Bump Should Be Short-Lived, but Brands Remain Strong

Symbols
GIS
Sector(s)
Consumer Defensive
Rating
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Current Price
$61.78
Fair Value
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Economic Moat
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Stewardship
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Summary

General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2020, 76% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and commercial baking industry.

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