10 Best Food Stocks to Buy According to Billionaires

8. General Mills, Inc. (NYSE:GIS)

Total Number of Billionaires: 12 

Dollar Value of Billionaire Holdings: $261,499,735 

General Mills, Inc. (NYSE:GIS) stands eighth on our list of the best food stocks. It is a leading American multinational company specializing in branded consumer foods, including cereals, snacks, baking goods, frozen meals, yogurt, pet food, and premium ice cream. The company stands out with its strong portfolio of iconic brands like Cheerios, Häagen-Dazs, Nature Valley, Pillsbury, Betty Crocker, and Blue Buffalo.

General Mills, Inc. (NYSE:GIS) reported mixed results for Q3 of the fiscal year 2025, with net sales declining 5% year-over-year to $4.8 billion, falling short of analysts’ expectations. This decline was mainly due to retailer inventory reductions and unfavorable foreign exchange rates. Their profitability also took a hit, with operating profit down 2% to $891 million, and adjusted operating profit in constant currency dropping 13% to $801 million. Diluted EPS fell 4% to $1.12, while adjusted EPS declined 15% to $1.00.

The corporation’s segment performance varied, with the North American retail segment seeing a 7% decline due to lower volumes and unfavorable price/mix effects. The North American pet segment experienced a significant 20% drop in operating profit, driven by inventory challenges in dry pet food. International sales decreased by 4%, mainly due to currency difficulties, while the food service segment showed resilience, growing by 1%.

In response to these challenges, General Mills, Inc. (NYSE:GIS) is increasing investments in marketing and innovation, focusing on brands like Pillsbury and Blue Buffalo for the fiscal 2026. The company is also implementing cost-efficiency measures through HMM savings and other cost-cutting strategies to fund growth initiatives. Looking ahead, the business has updated its guidance, expecting organic net sales to decline by 2% to 1.5% and adjusted operating profit and EPS to decrease by 8% to 7% in constant currency.