General mills stock ticker symbol

Why do you recommend this news source? GIS is one of the largest packaged food producers in the world by revenue. Like many other food and beverage companies, General Mills faces a market marked by increasing commodities prices. The company is a large purchaser of corn and wheat , and the rise in the price of oil has hurt as well.

As the costs of doing business increase, General Mills must either absorb these losses or charge higher prices at the risk of losing market share. In doing so, the company has introduced new products like lower-sodium Progresso soups and Hamburger Helper singles for the microwave, while growing its reach from grocery stores into new channels like supercenters, drug and discount stores, and convenience stores.

General Mills Inc - NYSE:GIS - Stock Quote & News - TheStreet

It is also expanding into fast growing markets like China , Russia and Latin America. The company divides its business into three core segments: The company sells a line of "Big G Cereals," such as Cheerios, Total, Chex, Lucky Charms, and Kix. It also sells a number of "convenient dinner products," including Betty Crocker and Hamburger Helper dinner mixes, Progresso soups, and Green Giant vegetables.

Since its purchase of Pillsbury, General Mills has also offered Pillsbury refrigerated dough products. The company also distributes a number of other baking products under the Betty Crocker name, as well as Gold Medal flour. General Mills produces a number of snacks, including Nature Valley granola bars, Chex Mix, Fruit Roll-Ups, and Fruit By The Foot.

General Mills also sells Yoplait and Colombo yogurt.

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General Mills' international unit generates 17 percent of the company's sales [7]. General Mills makes its products in 17 countries and sells them in more than General Mills sells its cereals in countries outside the United States and Canada primarily through a joint venture with Swiss food giant Nestle. Both companies control 50 percent of Cereal Partners Worldwide, which sells the cereals around the world. General Mills also has a second joint venture with Nestle with regard to the Haagen-Dazs ice cream brand.

Under the agreement, General Mills distributes Haagen-Dazs ice cream internationally while Nestle sells Haagen-Dazs products in the United States and Canada [8].

Supported by strong sales of Haagen-Dazs ice cream, popularized by the company's upscale stand-alone scoop shops, and the Wenchai Ferry frozen foods brand, General Mills is looking to rapidly expand its China revenue stream as it increases its geographic distribution throughout the country. In its bakeries and foodservice division, General Mills sells mixes, frozen dough products, and flour to restaurants, cafeterias, food service distributors, and bakeries.

General Mills buys a number of commodities in order to manufacture its products, including cereal grains , sugar , dairy products, and fruit.

Changes in the prices of such raw materials could negatively impact total production costs. Because General Mills operates in such a competitive environment, the fear of losing market share limits the company from charging its customers higher prices.

To mitigate this ever-present risk, the company purchases commodities in advance using futures contracts and hedges the risks associated with buying commodities. A steady trend toward supermarket consolidation is concentrating the buying power of General Mill's largest customers.

General Mill's largest customer is Wal-Mart Stores.

Although no other company made up more than 10 percent of sales, the company claims that its five largest customers in the U. Increasingly, consumers are buying products that claim to promote better health. Food companies like General Mills have had to adjust their product portfolios in order to adapt to this consumer trend.

In the cereal category, General Mills has added whole grains to many of its cereals and has increased the amount of dietary fiber and iron in its reduced sugar cereals.

At least three of its brands, Wheaties, Total, and Cascadian Farms, are considered among the leaders in healthy cereals. In addition, in order to compete with an increasing array of private label brands produced by private label manufacturers and supermarkets, General Mills has had to increase advertising expenditures.

Danone , the maker of Dannon yogurts, is competing with General Mills in its fastest growing business—yogurts. Yoplait controlled 40 percent of the American market for yogurt. Meanwhile, General Mills is defending its market share from Campbell Soup —which introduced a range of low-sodium soups — by introducing its own line of healthier, low-sodium Progresso soups.

Although General Mills is the second largest cereal maker in the United States after Kellogg , its products are still highly susceptible to price cuts and promotions by its competitors. Over the last few years, partly due to this competition, the company has lost market share in its cereal business.

Kellogg now controls about one-third of the market, followed by General Mills with 31 percent and Quaker a division of PepsiCo and Post a division of Ralcorp Holdings RAH with a combined 30 percent. New cereals are particularly important since manufacturers generally charge higher prices for them than for older products.

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