5 Biggest Pet Food Companies in the World

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

2021 annual revenue: $18.12 billion

General Mills, Inc. (NYSE:GIS) is a global leader in manufacturing and marketing branded consumer foods, with more than 100 brands across six continents. General Mills, Inc. (NYSE:GIS) operates under four business units: North America Retail, International, Pet, and North America Foodservice. The company offers various pet food products that provide great taste, nutrition, convenience, and value for money. General Mills, Inc. (NYSE:GIS) sales for the fiscal year 2021 were reported at $18.12 billion.

In its Q2 2022 investor letter, Chartwell Investment Partners, an asset management firm, highlighted a few stocks and General Mills, Inc. (NYSE:GIS) was one of them. Here is what the fund said:

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.