General Mills Inc (NYSE:GM) stock review: a dependable dividend stock?

General Mills Inc

General Mills Inc. is a respected worldwide packed meals business with a diverse profile of well-known brands. In addition to increasing dividends per share and expanding into new industries, the company has made 86 acquisitions. Therefore, if you’re considering purchasing shares of General Mills, there are numerous reasons why you should ponder over it as a potential investment. Continue reading to learn more. Its history are traced back into 1868, when it was launched regarding the banking institutions associated with the Mississippi River in Minneapolis.

General Mills is a leading worldwide packaged meals company

General Mills is a multinational consumer goods business located in Minneapolis, Minnesota. The company produces branded meals for consumers all over the world, offering them in food markets, medication stores, buck shops, and convenience stores. These food types consist of ready-to-eat cereals and snacks to frozen meals, yogurt, and ice cream. In addition, the business is active beyond your grocery sector, through its foodservice unit.

It offers a profile of identifiable brands

Founded on the banking institutions associated with the Mississippi River in Minneapolis, General Mills, Inc. has been supplying customers with a variety of delicious meals for longer than a century. The company has developed several familiar brands, including Gold Medal flour, Annie’s Homegrown, Nature Valley, Totino’s, Pillsbury, and Haagen-Dazs. It also markets a great many other well-known North American brands, including fortunate Charms and Trix.

It does increase dividends per share

A few businesses recently increased their dividends, including Micron Technology and General Mills. In addition, numerous large banking institutions announced plans to increase their dividend payments. General Mills, for example, increased its dividend per share by nearly 6% to 54 cents. These dividend increases suggest that the organization has an increasing business and is willing to get back money to shareholders. In the event that you’re considering buying this stock, it’s worth considering the free income declaration.

It has made 86 acquisitions in brand new industries

With an annual income of $13 billion and market limit of $30 billion, General Mills has been a juggernaut for many years. Nonetheless, its enterprize model is changing. The organization has expanded into new industries, such as for example pet meals. In 1999, General Mills diversified by the addition of a line of Betty Crocker rice and pasta mixes. In addition, it bought Blue Buffalo, a business that emphasizes natural basic products. The acquisition also diversified General Mills’ product sales by reducing its exposure to unhealthful items. Furthermore, it’s become a recession proof portion.

This has a very good balance sheet

The financial statements of General Mills, Inc. are good place to start looking at the company’s financial health. The organization makes use of debt to invest in its operations, and its assets are on normal three times its investors’ equity. That means its balance sheet is quite strong in comparison to its competitors. But the monetary statements do have some things to watch out for. General Mills should make sure its future earnings can sustain its strong balance sheet.

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This article is contributed by Guestomatic.

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Jasper James
Jasper James
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