Established in 1866, Minneapolis-based General Mills, Inc. (GIS) is a renowned global manufacturer and marketer of branded consumer foods distributed through retail outlets worldwide. Commanding a market cap of about $38.8 billion, the company offers a diverse product lineup spanning over 100 brands. This includes an array of options such as ready-to-eat cereals, convenient meals, snacks, yogurt, premium ice creams, baking mixes, and a variety of ingredients.
Shares of General Mills have significantly underperformed the broader market over the past 52 weeks. GIS’ shares have declined 19.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 28.9%. However, in 2024, this gap has narrowed, with GIS’ shares up 4.9%, compared to the SPX's 11.2% gains on a YTD basis.
