10 Cheap Food Stocks to Buy According to Hedge Funds

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

Forward P/E: 14.11

Number of Hedge Fund Holders: 49

General Mills, Inc. (NYSE:GIS) manufactures and markets branded consumer foods. It has more than 100 brands in around 100 countries across six continents. The company’s product offerings include refrigerated and frozen dough, snacks, and more.

The company’s outlook on operating profit and EPS in fiscal 2025 is lower since it increased its investment to boost customer value. Given the uncertain macroeconomic backdrop for consumers, this decision is expected to strengthen the company’s offerings and position it for sustainable growth in fiscal 2026 and beyond.

General Mills, Inc. (NYSE:GIS) strengthened its competitiveness in fiscal Q2 2025, with 56% of its priority business growing or holding pound share and 38% growing or holding dollar share. Both of these reflect significant improvement compared to fiscal Q1 2025 and fiscal year 2024, highlighting its positive momentum. In addition, the company reported revenue of $5.24 billion, a 2% increase from the previous year and $97 million above analysts’ expectations. Operating profit rose to $1.1 billion, marking a 33% jump, further reflecting the company’s positive operations.

General Mills, Inc.’s (NYSE:GIS) long-standing record of deploying cash through capital investments, share repurchases, dividend growth, and M&A ranks it among the best cheap food stocks to buy according to hedge funds.