General Mills (GIS) is a consumer food giant with numerous
well-known brands such as Cheerios, Betty Crocker, Yoplait, Pillsbury, Nature
Valley, Old El Paso, and Haagen-Dazs.
Despite its impressive product portfolio the company's stock
has been very disappointing, losing 10% over the past year while the S&P
500 has returned close to 20%.
General Mills has made some fundamental changes to its
business model in an effort to adapt to changing consumer tastes which have
pressured growth for many packaged food giants.
Earlier this year the firm made a major acquisition and
announced a dividend freeze (not a cut) that snaps a 13-year dividend growth
streak.
Let's take a closer look at what investors need to know
about this company's challenges, plans for the future, and most importantly
whether or not it appears to remain a dependable long-term dividend growth
stock.
No comments:
Post a Comment