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MINNEAPOLIS - General Mills (NYSE: GIS), currently trading at $60.96 and showing strong financial health according to InvestingPro analysis, has announced a leadership change within its North America Pet segment. Liz Mascolo will take over as Segment President, North America Pet, and will join the company’s Senior Leadership Team starting March 16, 2025. This follows the planned retirement of Jon Nudi, who currently holds the position, on June 30, 2025.
Nudi, a veteran at General Mills with a tenure of over 32 years, has been credited with driving significant improvements in performance, including growth in net sales and operating profit, as well as market share gains in multiple categories. He has held various roles of increasing responsibility, including leading the U.S. Snacks division and the Europe & Australia segment, and serving as Group President of the North America Retail segment for seven years.
Liz Mascolo, who has been with General Mills for 22 years, brings a wealth of experience to her new role. Her background includes serving as Vice President of Strategy and Growth and Vice President of Marketing for both the Pillsbury and Cheerios Business Units. Mascolo’s international experience includes a stint as Global Marketing Director at Cereal Partners Worldwide S.A., along with various general management roles.
Jeff Harmening, chairman and CEO of General Mills, expressed his gratitude to Nudi for his dedication and impact on the company, highlighting his role in developing future leaders. Harmening also voiced confidence in Mascolo’s ability to drive growth and innovation for the company, given her extensive experience in both human and pet food sectors.
General Mills, known for its portfolio of beloved brands including Cheerios, Nature Valley, Blue Buffalo, and Häagen-Dazs, reported net sales of $20 billion for fiscal 2024. The company has maintained dividend payments for 55 consecutive years, currently offering a 3.93% yield. Trading at a P/E ratio of 13.24, InvestingPro analysis suggests the stock is currently undervalued. The company’s strategy focuses on building its brands, innovating, leveraging its scale, and maintaining a commitment to social good.For deeper insights into General Mills’ financial health and growth potential, including 6 additional ProTips and comprehensive valuation metrics, visit InvestingPro.
This leadership transition is part of General Mills’ ongoing efforts to strengthen its position in the pet food market and to continue delivering on its strategic objectives. The information in this article is based on a press release statement.
In other recent news, General Mills has reported second-quarter fiscal year 2025 earnings with a 12% rise in earnings per share (EPS) to $1.40, exceeding consensus estimates. The company also recorded revenues of $5.24 billion, a 2.3% increase over analyst expectations. However, General Mills has revised its full-year 2025 guidance downward, now projecting organic sales at the lower end of the flat to 1% growth range. In strategic moves, General Mills has completed the sale of its Canadian yogurt operations, including the Yoplait and Liberté brands, to Sodiaal. The company also expects to finalize the sale of its U.S. yogurt business to Lactalis within the 2025 calendar year. Analyst firm Piper Sandler has adjusted its price target for General Mills shares to $71, maintaining an Overweight rating but citing concerns over slower sales growth and inventory reductions. Meanwhile, Stifel has reduced its price target to $78 while sustaining a Buy rating, reflecting confidence in the company’s strategic positioning despite short-term challenges. Additionally, Bernstein SocGen Group has revised its price target to $68, maintaining a Market Perform rating following the lowered fiscal year 2025 guidance. Lastly, board member C. Kim Goodwin has announced she will not seek reelection at the upcoming Annual Meeting of Shareholders in September 2025.
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