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General Mills Declares Dividend of $0.48 Per Share


Dec. 15 2016, Updated 4:51 p.m. ET

Price movement

General Mills (GIS) has a market cap of $37.7 billion. It fell 1.4% to close at $62.87 per share on December 14, 2016. The stock’s weekly, monthly, and YTD (year-to-date) price movements were -0.19%, 2.7%, and 12.3%, respectively, on the same day.

GIS is now trading 1.5% above its 20-day moving average, 1.8% above its 50-day moving average, and 2.1% below its 200-day moving average.

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Related ETF and peers

The Fidelity MSCI Consumer Staples ETF (FSTA) invests 1.9% of its holdings in General Mills. The YTD price movement of FSTA was 4.6% on December 14.

The market caps of General Mills’ competitors are as follows:

  • Kellogg (K): $25.6 billion
  • Hershey (HSY): $20.8 billion
  • Post Holdings (POST): $5.0 billion

General Mills’ dividend

General Mills has declared a quarterly dividend of $0.48 per share on its common stock. The dividend will be paid on February 1, 2017, to shareholders of record as of January 10, 2017.

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General Mills’ performance in fiscal 1Q17

General Mills (GIS) reported fiscal 1Q17 net sales of $3.9 billion, a YoY (year-over-year) fall of 7.1% from its net sales of $4.2 billion in fiscal 1Q16. Sales of the US Retail, International, and Convenience Stores & Foodservice segments fell 7.9%, 5.8%, and 6.6%, respectively, between fiscal 1Q16 and fiscal 1Q17.

The company’s net income and EPS (earnings per share) fell to $409.0 million and $0.67, respectively, in fiscal 1Q17, as compared with $426.6 million and $0.69 in fiscal 1Q16. It reported adjusted EPS of $0.78 in fiscal 1Q17, a YoY fall of 1.3% from fiscal 1Q16. General Mills’s cash and cash equivalents and inventories rose 0.26% and 9.5%, respectively, between fiscal 4Q16 and fiscal 1Q17.


General Mills (GIS) made the following projections for fiscal 2017:

  • organic net sales growth of 0% to -2%
  • total segment operating profit growth in the range of 6%–8% on a constant currency basis
  • adjusted operating profit margin to expand by ~1.5%.
  • adjusted EPS growth in the range of 6%–8% on a constant currency basis

Next, we’ll discuss Pitney Bowes (PBI).


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