What General Mills' Earnings Mean for Mutual Fund Investors (GIS)

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What General Mills' Earnings Mean for Mutual Fund Investors (GIS)

Shauna O'Brien

|

General Mills logo in blue
Packaged foods company General Mills (GIS) released its second quarter financial results before the opening bell on Wednesday. Despite its lower results, the company was able to beat analysts’ expectations.

Inside the Results

Earnings

Net income for the quarter came in at $346.1 million, or 56 cents per share, down 37% from $549.9 million, or 84 cents per share, last year. Excluding special items, earnings were 80 cents per share, compared to 83 cents per share a year ago. Analysts expected to see earnings of 77 cents per share.

Revenue
Revenue came in at $4.71 billion, down 3% from $4.88 billion a year ago. Analysts expected to see earnings of $4.79 billion.

Outlook
Looking ahead, the company expects to see FY2015 growth in the low single-digit range.

Food Trends Have Changed

General Mills has been faced with the struggle of the changing packaged foods environment. Demand for cereal has been declining over the past decade, but GIS has managed to diversify its portfolio of products.

For income-focused investors, GIS could be a great choice in the current low interest rate environment. The stock currently offers a dividend yield around 3.16%.

Mutual Funds to Watch

Investors seeking exposure to General Mills may consider the funds below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.68%
MEIAX MFS Value 1.64%
Liquid error: internal Vanguard 500 Index 1.07%

The Bottom Line

In addition to offering exposure to GIS, the funds above offer investors a diversified bundle of securities. Investors interested in GIS may also be interested in Kellogg Company (K) and Kraft (KRFT).

Shares of GIS are up 3% YTD.

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General Mills logo in blue

What General Mills' Earnings Mean for Mutual Fund Investors (GIS)

Shauna O'Brien

|

Packaged foods company General Mills (GIS) released its second quarter financial results before the opening bell on Wednesday. Despite its lower results, the company was able to beat analysts’ expectations.

Inside the Results

Earnings

Net income for the quarter came in at $346.1 million, or 56 cents per share, down 37% from $549.9 million, or 84 cents per share, last year. Excluding special items, earnings were 80 cents per share, compared to 83 cents per share a year ago. Analysts expected to see earnings of 77 cents per share.

Revenue
Revenue came in at $4.71 billion, down 3% from $4.88 billion a year ago. Analysts expected to see earnings of $4.79 billion.

Outlook
Looking ahead, the company expects to see FY2015 growth in the low single-digit range.

Food Trends Have Changed

General Mills has been faced with the struggle of the changing packaged foods environment. Demand for cereal has been declining over the past decade, but GIS has managed to diversify its portfolio of products.

For income-focused investors, GIS could be a great choice in the current low interest rate environment. The stock currently offers a dividend yield around 3.16%.

Mutual Funds to Watch

Investors seeking exposure to General Mills may consider the funds below. These funds currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.68%
MEIAX MFS Value 1.64%
Liquid error: internal Vanguard 500 Index 1.07%

The Bottom Line

In addition to offering exposure to GIS, the funds above offer investors a diversified bundle of securities. Investors interested in GIS may also be interested in Kellogg Company (K) and Kraft (KRFT).

Shares of GIS are up 3% YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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