General Mills, Inc.

General Mills, Inc.

General Mills, Inc.

Overview
Date Founded

1928

Headquarters

1 General Mills Boulevard,Minneapolis, MN 55426-1347

Type of Company

Public

Employees (Worldwide)

40K

Industries

Food
Tobacco
Wholesale: Consumer Non-Durables/Sundries
Internet Software & Services
Agriculture & Mills

Company Description

General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail; Convenience Stores and Foodservice; Europe and Australia; and Asia and Latin America; and Pet. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers. The Convenience Stores and Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Europe and Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes. The Asia and Latin America segment encompasses the retail and foodservice businesses in the greater Asia and South America regions, which consist of premium ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages, and refrigerated yogurt. The Pet segment represents the pet food products sold primarily in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, and farm and feed stores; e-commerce retailers; military outlets; hardware stores; veterinary clinics and hospitals; and grocery and mass merchandisers. The company was founded by Cadwallader C. Washburn in 1866 and is headquartered in Minneapolis, MN.

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Executives & Employees

Chief Executive Officer

Chief Financial Officer & Executive Vice President

Vice President, Chief Investment Officer & Treasurer

Senior Vice President, General Counsel & Secretary

Senior Vice President, Global Chief Marketing Officer

Vice President, Controller & Chief Accounting Officer

Chief Supply Chain Officer & Global Business Solutions Officer

Chief Human Resources Officer

Group President, Europe & Australia

Board of Directors

Chief Executive Officer at General Mills, Inc.

President & Chief Executive Officer at Teachers Insurance & Annuity Association of America

Chief Executive Officer at Cigna Corp.

General Mills, Inc.

Chief Operating Officer at Nike, Inc.

Senior Vice President & Chief Financial Officer at Kimberly-Clark Corp.

General Mills, Inc.

President & Director at Venezuelan American Chamber of Commerce & Industry

President at Millstone Coffee, Inc.

President & Chief Executive Officer at The Conference Board, Inc.

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General Mills, Inc.
Owners & Shareholders
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SAAMCo provides investment management and advisory services to the registered fund (Subsidiary) by overseeing a sub-adviser who provides day-to-day portfolio management services to both the Subsidiary and the corresponding investment companies (Registered Funds). There is currently one Subsidiary for which SAAMCo provides such investment management and advisory services, the Commodity Strategy Subsidiary. SAAMCo's Commodity Strategy Subsidiary seeks to achieve long-term total return by investing in a combination of commodity-linked derivative instruments, including commodity futures, swaps, options and options on futures. These investments provide exposure to the return of real assets that trade in the commodities markets without direct investment in physical commodities. Real assets include, but are not limited to, such things as industrial and precious metals, gas, oil, livestock, agricultural or meat products, among others.

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Invesco Advisers provides a variety of services across a broad spectrum of investment strategies, sectors and asset classes, including domestic and foreign equities, fixed income, alternative, real estate and money market securities. They employ fundamental and quantitative investment techniques in implementing these strategies. Their traditional equity management extends across a variety of market-cap ranges and investment styles. The firm's Flex Asset Allocation method combines bottom-up and quantitative research and is applied to portfolios in which client guidelines prescribe a specific allocation range or allow Invesco full discretion on asset mix. Invesco Advisers' fixed-income products cover a variety of duration ranges and sectors. In the short end of the market, the firm provides cash management and stable value investments. The firm's fixed-income products include high yield, international and convertible bonds.

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VIAM is a an active, value-oriented manager which invests exclusively in high-grade equity in established markets, avoiding indebted companies. Their investment philosophy revolves around exploiting market inefficiencies. They believe that market price fluctuations in sectors, lines of business and individual stocks are caused by the evolution of pricing models within the investment industry.The firm selects stock based on a conservative valuation of individual companies, seeking to identify companies with understandable businesses, long-term earnings power, strong balance sheets, reliable management and stability of historic results. Investments are based on the firm's fair value calculation based on earnings power and low net debts relative to their earnings stability.

Recent Transactions
Details Hidden

Molinos Río de la Plata SA purchases La Salteña SA from General Mills, Inc.

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Grupo Bimbo SAB de CV purchases Bimbo Frozen Argentina SA from General Mills, Inc.

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General Mills, Inc. purchases Blue Buffalo Pet Products, Inc.

Transaction Advisors
Auditor

Advised onGeneral Mills, Inc. issued Common Stock

Accountant

Advised onGeneral Mills, Inc. purchases The Pillsbury Co. LLC from Diageo Plc

Legal Advisor

Advised onGeneral Mills, Inc. purchases The Pillsbury Co. LLC from Diageo Plc

Legal Advisor

Advised onGeneral Mills, Inc. purchases Annie's, Inc.

Legal Advisor

Advised onGeneral Mills, Inc. purchases The Pillsbury Co. LLC from Diageo Plc

Underwriter

Advised onGeneral Mills, Inc. issued Common Stock

Advisors & Consultants
Legal Advisor

Partner at Dorsey & Whitney LLP

Legal Advisor

Partner at DLA Piper

Advisor

Former President, Meals Division at General Mills, Inc.

Clients

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

JD.com, Inc. is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the following business segments: JD Mall, and New Businesses. The JD Mall segment represents its core e-commerce business. The New Businesses segment includes logistic services provided to third parties, technology services, overseas business, insurance and O2O. It also provides an online marketplace, whereby third-party sellers sell products to customers primarily through its websites and mobile apps. The company offers advertising, logistics and other value-added services. JD com was founded on June 18, 1998 by Qiang Dong Liu and is headquartered in Beijing, China.

Building customer relationships requires time, effort and sincerity. For Sysco, it began with a promise to assist foodservice operators in providing consumers with solutions for meals consumed away from home. Since the initial public offering in 1970, when sales were $115 million, Sysco has grown to $37 billion in sales for fiscal year 2010. Many solid customer relationships have been nurtured along the way, countless dining trends and meal alternatives have evolved, and today the decision to consume meals prepared away from home is as much necessity as choice. Since then, the industry it serves has expanded from $35 billion to more than $200 billion. Today, Sysco has sales and service relationships with approximately 400,000 customers and remains committed to helping them succeed in the foodservice industry and satisfy consumers' appetites. Operating from more than 180 locations throughout the United States, Canada and Ireland, Sysco's product lines are as diverse as the 45,000 employees who support its daily operations. They include not only the ingredients needed to prepare meals, but also numerous ancillary preparation and serving items. As a result, Sysco can make a difference in its customers' lives and the success of their businesses

Key Stats and Financials As of 2019
Market Capitalization
$32.5B
Total Enterprise Value
$46.9B
Earnings Per Share
$2.9
Revenue
$16.9B
Net Profit
$1.75B
EBITDA
$3.53B
EBITDAMargin
20.96%
Total Debt
$14.5B
Total Equity
$7.92B
Enterprise Value Sales
2.78x
Enterprise Value EBITDAOperating
13.26x
TEVNet Income
26.74x
Debt TEV
0.31x
Three Year Compounded Annual Growth Rate Of Revenue
0.6%
Five Year Compounded Annual Growth Rate Of Revenue
-1.19%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
$1,000
2014
$1,000
2013
Investments
Details Hidden

Arundo Analytics AS provides predictive analytics solutions for industrial companies. The firm offers big data analysis for asset intensive industries such as oil and gas. The company was founded by Tor Jakob Ramsoy and Stuart Morstead in 2015 and is headquartered in Oslo, Norway.

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MarketTools, Inc. provides internet based marketing research services. It specializes in creating online surveys. The company was founded in 1997 and is headquartered in San Francisco, CA.

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Broncus Technologies is a medical technology company focused on developing and commercializing innovative solutions for lung diseases. With LungPoint™, physicians plan bronchoscopic procedures and navigate to locations in the lungs accurately and quickly. Its line of Yield™ catheters are used to obtain tissue samples and detect blood vessels. Its patented treatment method, Airway Bypass using Exhale® Drug-Eluting Stents, is being investigated to determine if it can provide the first minimally-invasive treatment option for homogeneous, or diffuse, emphysema, the form of the disease experienced by the majority of emphysema patients.

Investors
Details Hidden

Founder at Fox Haven

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Chairman & Chief Executive Officer at AquaFiber Technologies Corp.

Suppliers
Bemis Co., Inc. Waste Management & Recycling

Bemis Co., Inc. engages in the manufacture and sale of packaging for the food, healthcare, and pharmaceutical companies. It operates through the U.S. Packaging and Global Packaging segment. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States as well as medical device and pharmaceutical packaging-related manufacturing operations. The company was founded by Judson Moss Bemis in 1858 and is headquartered in Neenah, WI.

Silgan Holdings, Inc. Private Equity & Venture Capital | Stamford, Connecticut

Silgan Holdings, Inc. engages in the manufacture and sale of rigid packaging for consumer goods products. It operates through the following segments: Metal Containers, Closures and Plastic Containers. The Metal Containers segment includes steel and aluminium containers for human and pet food, and general line products. The Closures segment comprises of metal, composite, and plastic closures for food and beverage products. The Plastic Containers segment covers custom designed plastic containers and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive, and marine chemical products. The company was founded by R. Philip Silver and D. Greg Horrigan in 1987 and is headquartered in Stamford, CT.

Graphic Packaging Holding Co. Paper Products | Atlanta, GA

Graphic Packaging Holding Co. provides paper-based packaging solutions for a variety of products to food, beverage and other consumer products companies. It also produces folding cartons, kraft paperboard, coated-recycled boxboard and multi-wall bags. The company operates through the following business segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The Paperboard Mills segment includes the eight North American paperboard mills which produce coated unbleached kraft paperboard and coated-recycled paperboard. The Americas Paperboard Packaging segment includes paperboard folding cartons sold primarily to consumer packaged goods companies serving the food, beverage, and consumer product markets primarily in the Americas. The Europe Paperboard Packaging segment includes paperboard folding cartons sold primarily to consumer packaged goods companies serving the food, beverage and consumer product markets in Europe. Graphic Packaging Holding was founded on December 28, 1992 and is headquartered in Marietta, GA.

Competitors
Colgate-Palmolive Co. Personal Products - New York, New York

Colgate-Palmolive Co. is engaged in the manufacturing and distribution of consumer products. It operates through Oral, Personal and Home Care; and Pet Nutrition segments. The Oral, Personal and Home Care segment represents North America, Latin America, Europe, Asia Pacific, and Africa or Eurasia, all of which sell to a variety of retail and wholesale customers and distributors. The Pet Nutrition segment offers pet nutrition products for dogs and cats. The company was founded by William Colgate in 1806 and is headquartered in New York, NY.

The J. M. Smucker Co. Food - Orrville, Ohio

The J. M. Smucker Co. engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin' Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Smucker's, Jif, and Crisco branded products. The U.S. Retail Pet Foods comprises Rachael Ray Nutrish, Meow Mix, Milk-Bone, Natural Balance, Kibbles 'n Bits, 9Lives, Nature's Recipe, and Pup-Peroni branded products. The International and Foodservice segment covers products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.

The Kraft Heinz Co. Food - Pittsburgh, PA

The Kraft Heinz Co. engages in the manufacture and market of food and beverage products. It operates through the following geographical segments: United States, Canada, EMEA, and Rest of the World. The Rest of the World segment is comprised of the Latin America and Asia Pacific segments. Its products include condiments and sauces, cheese and dairy, ambient meals, frozen and chilled meals, and for infant and nutrition. The company was founded on July 2, 2015 and is headquartered in Pittsburgh, PA.

Awards & Honors
Rank #161
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #161
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
Rank #91
2014
Forbes - World's 100 Most Innovative Companies
Sponsored by Forbes Magazine
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