US EditionGeneral Mills Exits Brazil Business To Sharpen Portfolio - General Mills (NYSE:GIS)
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General Mills Exits Brazil Business To Sharpen Portfolio - General Mills (NYSE:GIS)
General Mills, Inc. (NYSE:GIS) shares are up on Tuesday. In a press release, the company has announced a definitive agreement to sell its business in Brazil. This divestiture is part of General Mills’ strategy to reshape its portfolio, which is expected to enhance its operating profit margin while aligning with its Accelerate strategy, adding pressure as broader markets edged lower. The financial terms of the sale were not disclosed. General Mil…
Retirees Eyeing General Mills’ 6.3% Dividend Should Read the Fine Print First
Quick Read General Mills (GIS) trades at $39 after a 7.6% weekly decline and 35.9% annual drop, pushing its dividend yield to 6.3% on an annual dividend of $2.44 per share with 25+ consecutive years of increases. Management guided FY2026 adjusted EPS down 10-15%, pushing the earnings payout ratio higher and quarterly FCF coverage below 1.0x in Q2 FY2026, while total liabilities of $23.86B against only $683.4M in cash limit cushion despite curre…
Operation whose value has not been disclosed shall be completed by the end of 2026 subject to regular regulatory approvals, says General Mills
The Group of 3 Correlations bought the Brazilian operation of General Mills – which includes the Yoki and China brands – by R$ 800 million, in a movement to diversify its portfolio and advance in the food sector. Yoki is the leader in categories such as pipeca, parafafa, flag batta and other Farinacees, while China is one of the main brands of country's temperatures. The General Mills invoices about $2 billion in Brazil. The business still needs…
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