Based in Minneapolis, Minnesota, General Mills, Inc. (GIS) is a leading player in the global food industry, with a market cap of $38.58 billion. As a major food producer, General Mills offers various products across categories, like cereals, snacks, and meals. The company serves a broad spectrum of customers, from individual consumers to large retailers and food service providers.
Shares of General Mills have underperformed the broader market considerably over the past year. GIS has declined 4.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19.6%. However, in 2024, GIS stock is up 6.4%, compared to the SPX’s 12% rise on a YTD basis.
