Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  General Mills, Inc.    GIS

GENERAL MILLS, INC.

(GIS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

General Mills : Unanswered Shareholder Q&A

share with twitter share with LinkedIn share with facebook
09/25/2020 | 05:45pm EDT

Responses to Unanswered Shareholder Questions from Our Annual Shareholder Meeting

Held on September 22, 2020

Shareholder Question: Was 2020 executive compensation paid as a result of outstanding performance or by some measurable metrics?

Answer from the Chair of our Compensation Committee: A significant percentage of our executives' compensation is at risk and is variable based on the achievement of annual and long-term (three-year)performance goals set by the Company. For fiscal 2020, the Compensation Committee set annual performance measures that were challenging and robust within the context of our current business and industry dynamics and that were aligned with our annual corporate operating plan. Overall, company performance in fiscal 2020 significantly exceeded our expectations and the annual company performance measures that were set at the beginning of the fiscal year. Additional details about the financial metrics used and the goals that were set in the annual and long-termincentive plans can be found in the proxy statement.

Frederic W. Cook & Co., Inc., the Compensation Committee's independent compensation consultant, advises and supports the Committee in setting executive compensation. This support includes reviewing competitive market data and executive compensation trends with the Committee throughout the year. Additionally, the independent compensation consultant assists the Compensation Committee with selecting an industry peer group to assess pay levels and pay mix for our executives, and provides the Committee with regular updates on how our executive compensation plan design and performance targets compare to industry trends and practices.

Shareholder Question: General Mills was included in the UN High Commissioner for Human Rights Report in February 2020, which featured more than 100 companies who have businesses operating in disputed areas of Israel. Why was General Mills included in this report and how are you responding?

Answer from our Chairman and CEO: We are listed on the report because of a manufacturing facility in the disputed area that "uses natural resources, in particular water and land, for business purposes" to produce baked goods for that market. It is important to understand how the facility works in the area. Approximately 50 percent of the workers at that facility are Palestinian, with many having been employed at the facility for several years, working alongside Israeli colleagues. Every employee has full social benefits without prejudice to race, religion or nationality. General Mills stations personnel at the facility to monitor product quality and we regularly monitor to ensure safe working conditions, adequate work and rest areas, and compliance with labor and human rights laws.

Page 1 of 1

Disclaimer

General Mills Inc. published this content on 25 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2020 20:44:05 UTC


share with twitter share with LinkedIn share with facebook
All news about GENERAL MILLS, INC.
10/29COVID-driven home dining boom boosts U.S. food giants again
RE
10/29GENERAL MILLS : and its Foundation Expand COVID-19 Charitable Response to $14 Mi..
BU
10/15GENERAL MILLS : Monster Cereals Giving Away 20” Character Busts Created by..
BU
10/14GENERAL MILLS : Leads Food & Beverage Sector in America's Most Just Companies Li..
BU
10/14CUMMINS : Elects Kim Nelson to its Board of Directors
AQ
10/08McDonald's Boosts Sales With Faster Drive-Throughs and Travis Scott
DJ
10/08GENERAL MILLS, INC. : Ex-dividend day for
FA
10/07GENERAL MILLS : Wheaties Unites with LeBron James and His Foundation to Champion..
BU
10/05Consumers Are Eating Healthier and Cooking More, Food Executives Say
DJ
09/29GENERAL MILLS : Jennifer Lopez and Yoplait® Challenge Families to Dance and Play..
BU
More news
Financials (USD)
Sales 2021 17 492 M - -
Net income 2021 2 238 M - -
Net Debt 2021 11 293 M - -
P/E ratio 2021 16,2x
Yield 2021 3,45%
Capitalization 36 203 M 36 203 M -
EV / Sales 2021 2,72x
EV / Sales 2022 2,69x
Nbr of Employees 35 000
Free-Float 80,9%
Chart GENERAL MILLS, INC.
Duration : Period :
General Mills, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GENERAL MILLS, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 63,82 $
Last Close Price 59,22 $
Spread / Highest target 23,3%
Spread / Average Target 7,76%
Spread / Lowest Target -13,9%
EPS Revisions
Managers
NameTitle
Jeffrey L. Harmening Chairman & Chief Executive Officer
Kofi A. Bruce Chief Financial Officer
Jodi J. Benson Chief Innovation, Technology & Quality Officer
Jaime Montemayor Chief Technology & Digital Officer
Stephen A. Odland Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GENERAL MILLS, INC.10.57%36 203
NESTLÉ S.A.-1.26%316 761
MONDELEZ INTERNATIONAL, INC.-3.43%75 916
DANONE S.A-36.63%35 790
THE KRAFT HEINZ COMPANY-6.50%35 724
THE HERSHEY COMPANY-6.23%28 749