General Mills, Inc. - GIS STOCK NEWS

General Mills achieved a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI) for the 15th consecutive year, demonstrating strong commitment to LGBTQ workplace equality. The achievement reflects efforts from Betty’s Family, an employee network that promotes inclusivity and support for LGBTQ+ employees. Highlights include global support initiatives and events celebrating Pride month. The CEI evaluates companies on non-discrimination policies, equitable benefits, cultural support, and corporate social responsibility. General Mills reported fiscal 2020 net sales of $17.6 billion.

Betty Crocker is launching a new line of seasonal products aimed at providing whimsical and easy baking experiences. Highlights include Dunkaroos Frosting, Reese’s Pieces Surprise Cupcake Kit, Hershey’s Kisses Blossom Cookie Kit, Giant Cookie Kit, and a limited-edition Lemon Cookie Mix. These products will be available at grocery retailers across the U.S. starting in February. Amanda Burlison, Senior Brand Manager, noted a significant increase in home baking during the pandemic, with 97% of respondents in a poll indicating increased baking activity.

General Mills has launched a new cereal, Sesame Street Cereal, now available in stores. This cereal supports kids' nutrition with essential nutrients and features two flavors: berry with number-shaped pieces and cinnamon with letter-shaped pieces. Each box includes dual-language stories and activities with Elmo, promoting learning while enjoying breakfast. The cereal is highlighted as a valuable source of whole grains, fiber, calcium, Vitamin D, and Vitamin E, priced at an average of $0.50 per serving.

General Mills (NYSE: GIS) announced that key executives will speak at the Consumer Analyst Group of New York Conference on February 16, 2021. CEO Jeff Harmening, CMO Ivan Pollard, and CFO Kofi Bruce will present at 7:00 a.m. CT, with a replay available later. General Mills, headquartered in Minneapolis, generated $17.6 billion in net sales for fiscal 2020, along with $1 billion from joint ventures. The company is well-known for brands like Cheerios and Häagen-Dazs, aiming to create food that the world loves.

General Mills has declared a quarterly dividend of $0.51 per share, marking a 4% increase from last year's $0.49. This dividend will be paid on May 3, 2021, to shareholders on record as of April 9, 2021. The company has a strong history of dividend payments, having done so without interruption for 122 years.

In fiscal 2020, General Mills reported net sales of $17.6 billion, with an additional $1.0 billion from non-consolidated joint ventures.

General Mills is reintroducing happy-heart shapes in Honey Nut Cheerios and original Cheerios, with new flavors like Blueberry, Chocolate, and Cinnamon starting late January. The limited-edition boxes will be available nationwide. In February, a free box of Honey Nut Cheerios will be offered through a rebate, promoting National Heart Health Month. Cheerios aims to raise awareness about heart health as nearly 1 in 3 American adults face high cholesterol. The new Cheerios boxes retail at $3.99 for 10.8oz and $4.99 for 19.8oz.

General Mills announced the terms for its Exchange Offer, allowing holders of Existing Notes to exchange them for cash and newly issued notes due 2051. For each $1,000 of Existing Notes tendered by January 21, 2021, the company will offer up to $600 million in New Notes with a yield of 3.013%. Key details include cash payments, total consideration calculations, and priority levels for tendering notes. The Exchange Offer will expire on February 4, 2021. Eligible Holders must certify their status to participate in the exchange.

General Mills has announced the early participation results of its Exchange Offer for four series of notes. As of January 21, 2021, the company reported valid tendered amounts totaling $115.9 million for 5.400% Notes due 2040, $202.4 million for 4.700% Notes due 2048, $215.3 million for 4.550% Notes due 2038, and $64.8 million for 4.150% Notes due 2043. The Exchange Offer will close on February 4, 2021. General Mills has increased the exchange consideration by $30 for each $1,000 of existing notes tendered after the early participation time, ensuring equal consideration for all validly tendered notes.

Nature Valley, the leading granola bar brand, has launched Protein Crunch bars featuring 10 grams of protein and a unique creamy, crunchy texture. This new product targets consumer demand for tasty, affordable protein snacks. Available in Peanut Butter and Chocolate Peanut Butter flavors, the bars contain no artificial ingredients. Priced at $4.49 for a five-count box, they are accessible in retail locations nationwide. Nature Valley continues its commitment to wholesome ingredients, reinforcing its brand legacy since 1975.