General Mills, Inc. (GIS) Bundle
A Brief History of General Mills, Inc. (GIS)
Company Overview
General Mills, Inc. is headquartered in Golden Valley, Minnesota. As of fiscal year 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Annual Revenue | $19.4 billion |
| Net Income | $2.1 billion |
| Market Capitalization | $41.3 billion |
| Number of Employees | 35,000 |
Key Brands
General Mills owns multiple prominent food brands:
- Cheerios
- Häagen-Dazs
- Betty Crocker
- Pillsbury
- Nature Valley
- Progresso
Global Presence
The company operates in multiple countries, with significant market presence in:
- United States
- Canada
- Europe
- Asia-Pacific
Financial Performance
| Fiscal Year | Revenue | Earnings Per Share |
|---|---|---|
| 2023 | $19.4 billion | $3.82 |
| 2022 | $18.9 billion | $3.57 |
Corporate Sustainability
General Mills has committed to:
- Net zero greenhouse gas emissions by 2050
- 100% renewable electricity by 2030
- Sustainable sourcing for key ingredients
A Who Owns General Mills, Inc. (GIS)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 47,425,770 | 8.9% |
| BlackRock Inc. | 41,256,441 | 7.8% |
| State Street Corporation | 29,864,227 | 5.6% |
| Capital World Investors | 27,386,022 | 5.2% |
Top Institutional Owners
- Vanguard Group holds $3.8 billion in General Mills stock
- BlackRock manages $3.3 billion in company shares
- State Street Corporation owns $2.4 billion in shares
Insider Ownership
As of January 2024, insider ownership represents 0.2% of total outstanding shares, with key executives holding approximately 1,052,000 shares.
Public Float
General Mills has a public float of 529,600,000 shares, representing 99.8% of total outstanding shares.
Ownership Structure
- Institutional investors: 69.4%
- Individual investors: 30.6%
- Foreign ownership: 22.1%
General Mills, Inc. (GIS) Mission Statement
Corporate Mission Overview
General Mills mission statement focuses on nourishing lives through food innovation, sustainability, and global nutrition.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $19.7 billion |
| Net Earnings | $2.4 billion |
| Global Market Presence | Over 100 countries |
Strategic Mission Components
- Sustainable food production
- Nutritional product development
- Global market expansion
- Environmental responsibility
Brand Portfolio Segments
| Segment | Key Brands | Revenue Contribution |
|---|---|---|
| Retail | Cheerios, Häagen-Dazs, Nature Valley | 68% of total revenue |
| Convenience | Betty Crocker, Pillsbury | 22% of total revenue |
| International | Yoplait, Old El Paso | 10% of total revenue |
Sustainability Goals
- 100% renewable electricity by 2030
- 50% reduction in greenhouse gas emissions by 2025
- Zero waste to landfill across manufacturing facilities
How General Mills, Inc. (GIS) Works
Company Overview
General Mills, Inc. is a multinational food company headquartered in Golden Valley, Minnesota. As of 2024, the company reported annual net sales of $19.7 billion.
Business Segments
| Segment | Net Sales (2023) | Key Brands |
| North America Retail | $11.8 billion | Cheerios, Haagen-Dazs, Betty Crocker |
| International Retail | $4.2 billion | Pillsbury, Old El Paso, Nature Valley |
| Pet | $2.1 billion | Blue Buffalo, Nudges |
| Convenience Stores & Foodservice | $1.6 billion | Various food service products |
Product Categories
- Cereals
- Snacks
- Baking Products
- Frozen Foods
- Pet Food
- Yogurt
Financial Performance
Key financial metrics for 2023:
- Operating Profit: $3.2 billion
- Net Income: $2.1 billion
- Gross Margin: 37.5%
- Research & Development Spending: $279 million
Global Presence
General Mills operates in more than 100 countries with approximately 40,000 employees worldwide.
Manufacturing
| Total Manufacturing Facilities | 54 |
| North America Facilities | 35 |
| International Facilities | 19 |
Sustainability Efforts
- Carbon Emission Reduction Target: 42% by 2030
- Water Use Efficiency Improvement: 34% since 2010
- Sustainable Sourcing Goals: 100% of priority ingredients by 2025
Stock Information
NYSE Ticker: GIS
- Market Capitalization: $43.6 billion
- Dividend Yield: 2.8%
- Price-to-Earnings Ratio: 16.5
How General Mills, Inc. (GIS) Makes Money
Revenue Streams
General Mills generates revenue through multiple product categories and global market segments.
| Product Category | Annual Revenue (2023) |
|---|---|
| Retail Grocery Segment | $19.4 billion |
| Convenience Stores/Foodservice | $3.2 billion |
| International Markets | $5.7 billion |
Key Product Brands
- Cheerios: $1.8 billion annual sales
- Häagen-Dazs: $1.2 billion annual sales
- Nature Valley: $920 million annual sales
- Pillsbury: $1.5 billion annual sales
Market Segments
General Mills operates across multiple market segments:
| Segment | Market Share |
|---|---|
| Breakfast Cereals | 27.3% |
| Snack Bars | 18.6% |
| Yogurt | 12.4% |
Financial Performance
Financial metrics for General Mills in 2023:
- Total Revenue: $28.4 billion
- Net Income: $2.1 billion
- Gross Profit Margin: 38.7%
- Operating Margin: 16.2%
Geographic Revenue Distribution
| Region | Revenue Contribution |
|---|---|
| United States | $22.1 billion |
| Canada | $1.8 billion |
| Europe | $2.5 billion |
| Asia Pacific | $1.6 billion |
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