General Mills Upgraded to Buy by Goldman Sachs
Goldman Sachs (NYSE:GS) is bullish on cereal maker General Mills, stating in a report issued today that project food prices are due to increase at a 3% rate next year, as compared to this year’s growth of 12% to 13%. That should help margins at General Mill, as well as its competitors.
Following is some information on the stock price performance of General Mills, as well as that of some of its competitors.
- General Mills (NYSE:GIS): The shares recently traded at $40.10, up $0.79, or 2.01%, on the day. The shares have traded in a 52-week range of $34.54 to $40.25 and its market capitalization is $25.83 billion. About the company: General Mills, Inc. manufactures and markets branded and packaged consumer foods worldwide. The Company also supplies branded and unbranded food products to the foodservice and commercial baking industries.
- Kellogg Company (NYSE:K): The shares recently traded at $54.38, up $0.33, or 0.61%, on the day. The shares have traded in a 52-week range of $48.51 to $57.70 and its market capitalization is $19.69 billion. About the company: Kellogg Company manufactures and markets ready-to-eat cereal and other convenience foods. The Company’s products include cereals, cookies, crackers, toaster pastries, cereal bars, fruit snacks, frozen waffles and veggie foods. Kellogg markets its products in the United States, Canada, and other countries around the world.
- Kraft Foods, Inc. (NYSE:KFT): The shares recently traded at $34.58, up $0.28, or 0.82%, on the day. The shares have traded in a 52-week range of $29.80 to $36.39 and its market capitalization is $61.07 billion. About the company: Kraft Foods, Inc. is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals, and various packaged grocery products. Kraft sells its products throughout the world.
- ConAgra Foods, Inc. (NYSE:CAG): The shares recently traded at $25.51, up $0.19, or 0.75%, on the day. The shares have traded in a 52-week range of $21.02 to $26.60 and its market capitalization is $10.57 billion. About the company: ConAgra Foods, Inc. manufactures and markets packaged foods for retail consumers, restaurants and institutions. The Company offers a wide range of food products, including meals, entrees, condiments, sides, snacks, specialty potato products, milled grain ingredients, dehydrated vegetables and seasonings, and blends and flavors.
(Note: Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>