12 Best Chocolate Stocks to Buy According to Hedge Funds

7. General Mills Inc. (NYSE:GIS) 

Number of Hedge Fund Holders: 30

Market cap as of February 4: $33.06 billion

One of the Best Chocolate Stocks, General Mills, Inc. (NYSE:GIS) is a multinational packaged food manufacturer that makes pet food, superpremium ice cream, cereal, snacks, easy meals, dough, and baking materials and mixes. Nature Valley, Betty Crocker, Pillsbury, Old El Paso, Cheerios, Blue Buffalo, and Haagen-Dazs are some of its biggest brands. Despite having operations in Canada, Europe, Australia, Asia, and Latin America, the United States accounted for 81% of its sales in fiscal 2024. Although the majority of its products are marketed to customers in retail stores, the company also serves the food service channel and the commercial baking industry.

Among its brands is Betty Crocker, a popular choice for chocolate enthusiasts due to its extensive selection of baking supplies, which includes chocolate cake mixes, frostings, and simple-to-make chocolate dessert solutions.

General Mills, Inc. (NYSE:GIS) has decades of experience and has consistently surpassed customer expectations, even during the COVID-19 pandemic. As more customers turned to cooking at home due to dining restrictions, business activity increased during this period. Its primary North American retail business did well, due to increased demand for meal solutions, baking supplies, and organic products.

General Mills, Inc. (NYSE:GIS)’s fiscal Q2 2025 results were impressive. Its revenue of $5.24 billion represented a 2% increase over the same time last year. Furthermore, the revenue was $97 million higher than analysts had predicted. Operating profit increased by 33% to $1.1 billion, mostly as a result of higher gross profit and the lack of a goodwill impairment charge from the previous year.

General Mills, Inc. (NYSE:GIS) Board of Directors announced on January 28, 2025, that shareholders of record as of April 10, 2025, would receive a quarterly dividend at the current rate of $0.60 per share on May 1, 2025. The firm and its predecessor company have paid dividends continuously for 126 years.

Ken Griffin’s Citadel Investment Group was the largest stakeholder in the company among the funds in Insider Monkey’s database at the end of Q3 2024. It owns 1.93 million shares worth $142.77 million as of Q3.