General Mills (GIS)

Fiscal 2020 Second-Quarter Results (18/12/2019)

  • Net sales of $4.4 billion were flat to last year; organic net sales¹ increased 1 percent
  • Operating profit of $811 million increased 48 percent; constant-currency adjusted operating profit increased 7 percent
  • Diluted earnings per share (EPS) totaled $0.95, up 67 percent from the prior year; adjusted diluted EPS of $0.95 increased 11 percent in constant currency

Fiscal 2020 Outlook

  • General Mills reaffirmed its full-year fiscal 2020 targets for sales, profit, and EPS, and raised its target for free cash flow conversion:
  • Organic net sales are expected to increase 1 to 2 percent.
  • Constant-currency adjusted operating profit is expected to increase 2 to 4 percent from the base of $2.86 billion reported in fiscal 2019.
  • Constant-currency adjusted diluted EPS are expected to increase 3 to 5 percent from the base of $3.22 earned in fiscal 2019.
  • The company now expects free cash flow conversion of at least 105 percent of adjusted after-tax earnings.
  • Currency translation is expected to have an immaterial impact on fiscal 2020 adjusted operating profit and adjusted diluted EPS.
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Fiscal 2020 Third-Quarter Results and Full-Year Guidance (18/02/2020)

  • Net sales of $4.2 billion were flat to last year; organic net sales were also flat. Through nine months, net sales were down 1 percent and organic net sales were flat to last year.
  • Operating profit of $651 million essentially matched year-ago results; constant-currency adjusted operating profit was down 8 percent, including a strong increase in media investment. Through nine months, operating profit was up 18 percent and constant-currency adjusted operating profit increased 2 percent.
  • Diluted earnings per share (EPS) of $0.74 were flat to last year; adjusted diluted EPS of $0.77 were down 6 percent in constant currency. Through nine months, diluted EPS were up 30 percent and constant-currency adjusted diluted EPS increased 5 percent.

Full-year fiscal 2020 targets

  • Organic net sales are still expected to increase 1 to 2 percent.
  • Constant-currency adjusted operating profit is now expected to increase 4 to 6 percent from the base of $2.86 billion reported in fiscal 2019.
  • Constant-currency adjusted diluted EPS are now expected to increase 6 to 8 percent from the base of $3.22 earned in fiscal 2019.
  • The company continues to expect free cash flow conversion of at least 105 percent of adjusted after-tax earnings.

¿alguien sabe por qué hubo esta corrección tan brusca el martes 8 de septiembre?

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Jan. 25, 2021 General Mills declares $0.51/share quarterly dividend, in line with previous. Forward yield 3.52%.

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Evolución del EPS de General Mills

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y ahora, evolución de la deuda:

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datos de facturación, gross margin, y los expenses a ralla:

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El Return of Equity:

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General Mills se hace con la división de alimentación de mascotas de Tyson Foods 1,2B$ (Blue Buffalo fueron 8B$)

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Buenos resultados:

Ahora a por la esperada subida del dividendo :drooling_face:

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No recuerdo donde lo leí, pero en mi hoja de cálculo anoté hace unos días que pasaba de 0,51€ a 0,53€

Lo puso @ruindog a la espera de confirmación oficial.

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EL FCF no parece que de para subidas.

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¿Alguien sabe algo sobre la subida de dividendo? Llevan más de un año sin subirlo. Me extraña porque después de haber reducido deuda tras la adquisición de Blue Buffalo dijeron que la prioridad era la retribución al accionista a través de dividendos.

Odio que las empresas no comuniquen estas cosas. Puedo entender que quieran controlar la deuda o cualquier otra razón, pero no que no mantengan bien informado al accionista.

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¿Esto qué es?
Me aparece hoy en ING

GIS cotizando a 68,68$ y me las quieren “canjear” por 65,50$ (¡qué listos!)

Me contesto a mí mismo

La propia Wikipedida pone “The practice is frequently associated with a company called TRC Capital, a private firm founded by a Canadian securities lawyer.”

Qué bien le están sentando los resultados a GIS. Está subiendo hoy +7%.

Net sales increased 4 percent to $4.7 billion; organic net sales1 were up 10 percent.

Diluted earnings per share (EPS) of $1.35 increased 32 percent from the prior year; adjusted diluted EPS of $1.11 was up 13 percent in constant currency

Enlace:

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En este momento la cotización está en máximos históricos de los últimos 40 años. Se nota que es un valor refugio muy buscado en estos momentos.

A este precio, el yield es del 2,67 % y se sale de mis exigencias de rentabilidad. Ya sabéis que, para mí, el YOC es únicamente una referencia de que la compré a un precio correcto.

Voy a intentar vender unas cuantas a 81,00 $