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Stockchase Opinions

Richard BernstienGeneral MillsGISTOP PICKDec 10, 2004

Quality companies is very important when the Fed is tightening. Defensive pick. Under appreciated. when the economy slows, we still have to eat.
$47.06

Stock price when the opinion was issued

$33.42

As of Jun 18, 2026. Market Open.

food processing
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BUY

It reports Wednesday. He suspects shares have been out of fears of the new weight-loss drugs eating into their snack-food sales. That said, every package food company that has reported has reported no slowdown, and those stocks rallied. GIS also had a good pet food business.

COMMENT

They report Wednesday; can they turn things around after sales faltered last quarter? Their high-end pet food business has stalled and Zoetis revealed that pet spending is slowing.

DON'T BUY

Their outlook is dimming as the wider economy weakens, and they're shifting to more value-oriented products for pets. He thought pet food was a more reliable product category but now this is can be slippery.

BUY
They made a fine acquisition, and the CEO is doing his job.
PARTIAL BUY
Up 29% this year. They report Tuesday. They've gotten away with global price increases, because they have the best brands, including pet food. Even reporting a great number, he doesn't know how much more it can rally. But the market is getting oversold, so GIS can still work.
BUY
It reports Wednesday. If FedEx is correct about a global recession, consumers will hunker down and so GIS will benefit.
BUY
Reported a winning quarter today. Organic net sales jumped, operating profit up 85%, and announced a 6% dividend boost. They re-shuffled their portfolio to emphasize high-end pet food (up 22%) and food service (25%). Shares jumped 6% to a new high today, but would've gone higher if not for market negativity.
BUY
A quality slowdown stock that has been putting up great numbers. They report Wednesday.
BUY
There's strong demand for breakfast cereals, bacon and pet food.
BUY
They report Tuesday. Has great franchises, like stay-at-home cereals. The perfect stock for the moment.
WATCH
Many are worried that inflation (freight, boxes) is hitting them. A government report about corn production could slam commodities, but benefit General Mills. Also, they make a leading dog food. They report Wednesday.
BUY ON WEAKNESS
They reported a super quarter this morning, but managers warned that growth may decline during the reopening. GIS shares fell 4.2% today. Buy this on dips.
COMMENT
A pantry stock. Is it still on a bear run as vaccincations pick up? He thinks the stock will be tepid. Then again, Smucker's surprised to the upside and he likes Hormel a lot. GIS reports Wednesday.
BUY
He expects their report to be better-received than Campbell's recently. Baking remains big during lockdowns, which is a tailwind. However, their packaged goods will lose some of their shine as vaccines appear.
BUY ON WEAKNESS
A consumer defensive name just reported a great quarter and raised its dividend to 3.5%. These days he's buying big tech that's 25% off its highs and defensives that pay over a 3% dividend. It's come down from $66 to $57, which is a buying opportunity.