I purchased 23 shares of GIS at $50.89
General Mills, Inc. is an American Fortune 500 corporation, primarily concerned with food products and headquartered in the Minneapolis suburb of Golden Valley, Minnesota. The company markets many well-known North American brands, such as Betty Crocker, Yoplait, Colombo, Totino's, Pillsbury, Green Giant, Old El Paso, Häagen-Dazs, Cheerios, Trix, and Lucky Charms. Its brand portfolio includes more than 89 other leading U.S. brands and numerous category leaders around the world.
GIS Stock Chart
GIS Basic Statistics
- Ticker Symbol: GIS
- PE Ratio: 19.24
- Yield: 3.18%
- Payout Ratio: 59%
- Market cap: $31b
- Beta: 0.61
- Website: http://www.generalmills.com
GIS Dividend Growth
General Mills has been facing a bit of headwinds the last few months but I think long term it will continue to go up. Another solid buy.
ReplyDeleteLong term is my scope here. I plan on holding GIS for a long time.
DeleteI like GIS for its stable and fairly predictable growth across the board, including that dividend.
ReplyDeleteI agree, I find the stability very attractive here. I wish more stocks were so stable. It leaves less opportunity to buy on dips but is a lot easier to hold on to, for me at least.
DeleteCan't agree with you, I think is overvalued and there are other stocks with less risk. My $0.02...
ReplyDeleteFair enough, I can't say this was my best purchase price ever but I don't think it will matter much 5-10 years from now.
DeleteA little surprised at this buy. While I love GIS and have it in my portfolio for a long, long time already i do feel it is a little expensive these days. The theme of almost every dividend blogger has been energy in recent weeks with buys in BP, CVX, XOM, COP, NOV, etc. as oil has been depressed. I think the energy space and some financial stocks present much better value than GIS. As I said, I love it and think it's great long term, just not at current levels. Thanks for sharing.
ReplyDeleteI agree with you there but I'm really heavy on energy especially CVX and I find it hard to buy more. Maybe I should though anyway and when oil recovers then I can focus on other sectors. Sometimes it's hard to know what to do but I doubt I will regret owning GIS here either. Thanks for dropping by Divhut.
DeleteCaptain,
ReplyDeleteGreat brands. Gotta love its history. Probably trading at roughly a fair price here, which isn't bad for a high-quality company. I regret not buying in before the Heinz deal was announced. I was looking at it for a while around the $40 mark or so, and just kept passing it up. Can't win them all.
Best regards!
Sure wish I could go back in time and buy more GIS when I made my first purchase, it woulda been a lot cheaper. I don't know if we'll see mid 40's again but if we do I'll be chomping at the bit to buy more.
DeleteGreat company and brands but I think I'd prefer GIS somewhere in the mid-40s. Although GIS does pay a decent dividend that is just above 3%...so if the stock price does not grow much further, you could still sit back and collect your 3% dividends. Its better than what banks are offering for savings accounts these days. :) AFFJ
ReplyDeleteI admit this wasn't my best purchase price but it's getting harder to find value in this market. That being said I think I'll be happy with GIS in the future after the restructuring. It's a boring company with a boring stock, I actually like that.
DeleteI have a small position with GIS, I see it as a defensive stock, slowly but surely. Gotta love this company, I'm glad to be a fellow shareholder.
ReplyDeleteFFF
Your comment pretty much mirrors my thoughts exactly. Fairly small position here as well but I think it's a fine addition to the portfolio.
DeleteGreat buy. GIS is getting hit hard by the strong USD. Keep building a position.
ReplyDeleteI will definitely add to it at cheaper prices for sure. :-)
DeleteGreat buy Captain Dividend.
ReplyDeleteI am waiting for lower prices (around $45), but with more than a 3% of yield is a good choice to take into account.
Have a nice weekend!!
Divindependencia.
I'd love to see $45 again, I'd load up for sure. Thanks for stopping by!
DeleteGood buy, I am a proud owner of GIS and it has been a solid company. The dividends keep on rolling in and it should be due for a dividend raise.
ReplyDeleteTake care.
GIS is fairly priced now. I have recently added to K and KRFT as well. Will add to GIS more after my other positions catch up.
ReplyDeleteNice purchase Captain. I am a fan of stocks that are in every household and used by families every day. The PE is in line with the market, so it is not too expansive. It will be a strong company for a long term addition to your portfolio. I had my eye on it, but it fell off my radar when I bought more KRFT.
ReplyDeleteCongrats on the purchase and keep up the great work.
Bert, one of the Dividend Diplomats
As per FAST Graphs, it's pretty overvalued, so I don't think I would have done the same. Definitely won't now, due to good values in oil. But it's a good company, and since your holding time frame is decades, I doubt the precise purchase price matters much.
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