5 Best Organic Food and Farming Stocks To Buy

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

Number of Hedge Fund Holders: 40

General Mills, Inc. (NYSE:GIS) is an American consumer foods company that operates through retail stores. The company is also one of the largest flour millers in the US. Its organic food segment includes frozen and shelf-stable vegetables. General Mills, Inc. (NYSE:GIS) is headquartered in Minnesota.

For the past 120 years, General Mills, Inc. (NYSE:GIS) has been paying quarterly dividends. The latest one was declared on November 14 at $0.54 per share, payable by February 1 and the company goes ex-dividend on January 9.

General Mills, Inc. (NYSE:GIS)’s coverage was initiated by Exane BNP Paribas analyst Max Gumport with an Overweight rating on November 15. The analyst set his price target at $90 and noted that the U.S. packaged food goods have historically outperformed the S&P downturns during a potential looming recession. Gumport specifically mentioned General Mills, Inc. (NYSE:GIS)’s Buffalo pet food brand and said that it has a significant runway.

Here is what Chartwell Investment Partners has to say about General Mills, Inc. (NYSE:GIS) in its Q2 2022 investor letter:

“In the Dividend Equity accounts, the three best performers in Q2 includes General Mills (NYSE:GIS, 3.2%), up 12.2%. General Mills benefitted from the combination of being in a very defensive industry as well as demonstrating solid business momentum; margins have been particularly impressive, following price increases.”