Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

<ul>
<li>General Mills has just reported its full fiscal year results and investors are not impressed.</li>
<li>Expectations of lower organic revenue growth and uncertainties around profitability would likely continue to weigh on the share price.</li>
<li>Long-term investors, however, could take advantage of this near-term dynamic while enjoying the higher dividend.</li>
</ul>


General Mills has just reported its full fiscal year results and investors are not impressed.
Expectations of lower organic revenue growth and uncertainties around profitability would likely continue to weigh on the share price.
Long-term investors, however, could take advantage of this near-term dynamic while enjoying the higher dividend.


General Mills: A Disappointing Quarter For Short-Term Investors And Speculators

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>General Mills managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Improved supply chain operations and service levels, especially in the dry dog food segment, allowed General Mills to replenish inventory and meet customer demands.</li><li>Despite challenging year-over-year comparisons, General Mills experienced a sequential improvement in retail movement, selling more dog and pet food in Q3 compared to Q2.</li></ul>

General Mills managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Improved supply chain operations and service levels, especially in the dry dog food segment, allowed General Mills to replenish inventory and meet customer demands.Despite challenging year-over-year comparisons, General Mills experienced a sequential improvement in retail movement, selling more dog and pet food in Q3 compared to Q2.

General Mills Inc.: Seizing The Pet Food Opportunity & 3 Other Factors Driving This Consumption Major –Financial Forecasts

<ul>
<li>General Mills continues to perform exceptionally well relative to the broader equity market.</li>
<li>The ability to offset a record high input cost inflation highlights the importance of a strong brand portfolio in strategic areas.</li>
<li>As volumes return to positive territory, profitability in the pet food segment remains an area of concern, according to the company.</li>
</ul>


General Mills continues to perform exceptionally well relative to the broader equity market.
The ability to offset a record high input cost inflation highlights the importance of a strong brand portfolio in strategic areas.
As volumes return to positive territory, profitability in the pet food segment remains an area of concern, according to the company.


General Mills: Recent Quarterly Results Highlight Some Important Areas Of Progress

<ul><li>General Mills delivered a decent result for the previous quarter, surpassing the market expectations with respect to revenues and earnings.</li><li>In the recent scenario, North America is the first priority of General Mills and they are focused on growth in its core market.</li><li>Despite the post-pandemic situation and hurdles, the company has witnessed a decent growth in cash flow and revenue.</li></ul>

General Mills delivered a decent result for the previous quarter, surpassing the market expectations with respect to revenues and earnings.In the recent scenario, North America is the first priority of General Mills and they are focused on growth in its core market.Despite the post-pandemic situation and hurdles, the company has witnessed a decent growth in cash flow and revenue.

<ul>
<li>General Mills continued to outperform the market, in spite of the sharp drop in share price in recent months.</li>
<li>The company now trades closer to fair value, but weakness in the pet food segment was largely unexpected.</li>
<li>The drop in volumes is unsettling, but the company now trading closer to a fair value.</li>
</ul>


General Mills continued to outperform the market, in spite of the sharp drop in share price in recent months.
The company now trades closer to fair value, but weakness in the pet food segment was largely unexpected.
The drop in volumes is unsettling, but the company now trading closer to a fair value.


General Mills: I Am Once Again Bullish And Have 2 Areas Investors Should Watch Closely

United States

General Mills, Inc. manufactures and markets branded and packaged consumer foods worldwide. The Company also supplies branded and unbranded food products to the foodservice and commercial baking industries.

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General Mills (GIS US)

General Mills: A Disappointing Quarter For Short-Term Investors And Speculators

Expectations of lower organic revenue growth and uncertainties around profitability would likely continue to weigh on the share price.

Vladimir Dimitrov, CFA

General Mills Inc.: Seizing The Pet Food Opportunity & 3 Other Factors Driving This Consumption Major –Financial Forecasts

General Mills managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Improved supply chain operations...

Baptista Research

General Mills: Recent Quarterly Results Highlight Some Important Areas Of Progress

The ability to offset a record high input cost inflation highlights the importance of a strong brand portfolio in strategic areas.

Vladimir Dimitrov, CFA

General Mills Inc.: Major Drivers

General Mills delivered a decent result for the previous quarter, surpassing the market expectations with respect to revenues and earnings. In the...

Baptista Research

General Mills: I Am Once Again Bullish And Have 2 Areas Investors Should Watch Closely

The company now trades closer to fair value, but weakness in the pet food segment was largely unexpected. The drop in volumes is unsettling, but...

Vladimir Dimitrov, CFA

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Market Cap (USDm)

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