General Mills is a U.S. leading global manufacturer and marketer of branded consumer foods sold through retail stores. It also is a leading supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. It is also a leading manufacturer and marketer in the wholesome natural pet food category. It manufactures its products in 13 countries and market them in more than 100 countries.
|Updated||09/28/2020||FCF CAGR 5Y||9,58%|
|Sector||Consumer Defensive||Debt Coverage||5,75|
|Code||NYSE:GIS||BVPS CAGR 5Y||10,28%|
|Moat||2||D/E Avg 5Y||2,04|
|Cust. Base||2||EPS/Div. Avg 5Y||1,63|
|Beta||0,59||FCF/Div. Avg 5Y||1,98|
|Div. Streak||120||R&D Avg 5Y||1,34%|
|Div. CAGR 5Y||1,95%||ROA Avg 5Y||7,06%|
|Payout Avg 5Y||62,01%||ROE Avg 5Y||31,87%|
|EPS CAGR 5Y||5,15%||ROIC Avg 5Y||10,53%|
|Revenues||17 630||16 563||15 620||15 740||16 865|
|Earnings||1 221||1 697||1 658||2 131||1 753|
|Equity||4 997||4 930||4 328||6 141||7 055|
|Total Debt||9 224||8 431||9 482||15 819||14 490|
|Payout Ratio %||84,77%||64,26%||69,31%||53,85%||68%|
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20200923 – GIS and its predecessor firm have paid dividends without interruption for 120 years but the dividend stalled at $1.96 per share in 2018-2019-2020 while the Free Cash Flow (FCF) covered it by 1.90 times. However the latest 10-K released on July 1, 2020 showed a 22.760% jump in Earnings per Share (EPS), thereby prompting a dividend increase of 4% to $2.04 per share per year for FY 2021. Given the uncertainty amid the Covid-19 crisis, GIS possibly made an anticipated smart move by being a bit more conservative with its cash. Also, we noticed that Capital Expenditure (CAPEX) dropped by 36.800% over the last 5 years from $729.3m to $460.8m, boosting the FCF as result.