9 Best Pizza Stocks to Buy Now

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

Number of Hedge Fund Holders: 39

General Mills, Inc. (NYSE: GIS) is a U.S.-based Multinational firm developed in 1928 by the merger of 4 mills with a flour mill, the firm manufactures and markets processed consumer foods across six continents. The firm offers processed ready-to-eat cereals, frozen pizza, shelf-stable vegetables, grains, refrigerated and frozen dough products, and pet food among other processed consumables.

In Q1, 2024, General Mills, Inc. (NYSE: GIS) reported net sales of $4.9 billion which grew 4% year-on-year basis, whereas, the adjusted gross margin was up 50 basis points to 35.4% of net sales. Moreover, it reported an EPS of $1.17 which was 11.5% higher than expected.

According to Insider Monkey’s database of Q1 2024, 39 hedge funds were bullish on General Mills, Inc. (NYSE: GIS) in Q1 2024. Moreover, Two Sigma Advisor held the highest number of shares (2.63 million) valued at $184.13 million.