How is General Mills Strengthening its Hold on the Pet Food Market?

Zacks11-15

General Mills, Inc. GIS is bolstering its pet food strategy with the $1.45 billion acquisition of Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH. This ...

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This ...</p>\n\n<a href=\"https://finance.yahoo.com/news/general-mills-strengthening-hold-pet-120800792.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How is General Mills Strengthening its Hold on the Pet Food Market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow is General Mills Strengthening its Hold on the Pet Food Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 20:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/general-mills-strengthening-hold-pet-120800792.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>General Mills, Inc. GIS is bolstering its pet food strategy with the $1.45 billion acquisition of Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH. This ...</p>\n\n<a href=\"https://finance.yahoo.com/news/general-mills-strengthening-hold-pet-120800792.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0690374961.EUR","symbol_name":"FUNDSMITH EQUITY \"R\" (EUR) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/general-mills-strengthening-hold-pet-120800792.html","article_id":"2483376404","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/pLnLhlA4C0mNUgiyW5sW6g--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/35c687708a92dc1852487b4945bc1b43"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483376404","pubTimestamp":1731672480,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"General Mills, Inc. GIS is bolstering its pet food strategy with the $1.45 billion acquisition of Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH. This strategic move aligns with the company’s Accelerate growth strategy, which focuses on expanding its presence in core markets, leveraging global platforms and nurturing local brands to drive sustainable, profitable growth and deliver long-term shareholder value.The acquisition includes two leading brands in the cat food and pet treating segments, Tiki Pets and Cloud Star. These segments represent a combined $24 billion retail sales within the broader $52 billion U.S. pet food market. By acquiring these popular brands, General Mills aims to strengthen its position in the fast-growing U.S. pet food category and capture additional growth opportunities.The transaction is expected to close by the third quarter of fiscal 2025. General Mills intends to fund the acquisition through available cash an","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","BK4588":"碎股","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU1989763427.SGD":"CPR Invest - Food For Generations A2 Acc SGD-H","LU1989763690.USD":"东方汇理世代食品基金A2 Acc","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","GIS":"通用磨坊","LU2380233275.USD":"SCHRODER ISF GLOBAL SUSTAINABLE FOOD AND WATER \"A\" (USD) ACC","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU1941712348.USD":"ALLIANZ PET AND ANIMAL WELLBEING \"AT\" (USD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","BK4212":"包装食品与肉类","BK4532":"文艺复兴科技持仓","LU1941712264.USD":"ALLIANZ PET AND ANIMAL WELLBEING \"A\" (USD) INC","MKC":"味好美","BK4189":"农产品","BK4585":"ETF&股票定投概念","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","INGR":"宜瑞安","FRPT":"Freshpet","BK4566":"资本集团","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC"},"translate_title":"通用磨坊如何加强其对宠物食品市场的控制？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MKC":1,"FRPT":1,"GIS":1,"INGR":1},"content_text":"General Mills, Inc. GIS is bolstering its pet food strategy with the $1.45 billion acquisition of Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH. This strategic move aligns with the company’s Accelerate growth strategy, which focuses on expanding its presence in core markets, leveraging global platforms and nurturing local brands to drive sustainable, profitable growth and deliver long-term shareholder value.The acquisition includes two leading brands in the cat food and pet treating segments, Tiki Pets and Cloud Star. These segments represent a combined $24 billion retail sales within the broader $52 billion U.S. pet food market. By acquiring these popular brands, General Mills aims to strengthen its position in the fast-growing U.S. pet food category and capture additional growth opportunities.The transaction is expected to close by the third quarter of fiscal 2025. General Mills intends to fund the acquisition through available cash and new debt. As part of the transaction, General Mills will take over the operations of two manufacturing facilities in Joplin, MO. Meanwhile, NXMH will retain ownership of Whitebridge Pet Brands' European business and brand portfolio.\nImage Source: Zacks Investment Research\nGIS’ Strategic Moves in the Pet Category\nThe addition of Tiki Pets and Cloud Star brands complements General Mills' Blue Buffalo portfolio, further enhancing its position in the Cat feeding and Treats space.  The latest acquisition move not only complements the Blue Buffalo portfolio but also marks the fifth major addition to its pet product lineup since 2018. Since entering the pet food market with the Blue Buffalo acquisition in 2018, General Mills has steadily expanded its portfolio. Additions like Nudges, Top Chews and True Chews in 2021; Fera Pets in 2023; Edgard & Cooper in 2024; and now Whitebridge’s North American business illustrate GIS’ clear focus on pet products.As the pet food category continues to grow, the latest buyout move underscores General Mills’ commitment to maintaining a leading role in one of the fastest-growing consumer markets.\nWhat Else Should You Know About GIS?\nThe Zacks Rank #3 (Hold) company’s robust portfolio of well-established brands and continued efforts to strengthen and evolve its product offerings have fortified its position as a global leader in the packaged food industry. The emphasis on innovation and brand marketing has been helping the company strengthen its product portfolio. Key brands hold strong market shares and consumer loyalty across baked goods, pizza and Mexican food categories.The company’s Holistic Margin Management strategy has helped protect margins amid ongoing cost pressures by reducing supply-chain costs and enhancing efficiency. However, the impact of macroeconomic uncertainties on consumer behavior with economic instability in regions like China, presents headwinds. Apart from this, input cost inflation is likely to affect margins in fiscal 2025.The company’s shares have lost 6.2% in the past three months compared with the industry’s decline of 3.3%.\nDon’t Miss These Solid Bets\nIngredion Incorporated INGR manufactures and sells sweeteners, starches, nutrition ingredients and biomaterial solutions derived from wet milling and processing corn and other starch-based materials. The company currently sports a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.INGR has a trailing four-quarter earnings surprise of 9.5%, on average. The Zacks Consensus Estimate for Ingredion’s current financial year’s earnings indicates growth of 12.5% from the year-ago reported number.Freshpet Inc. FRPT manufactures, distributes and markets natural fresh meals and treats for dogs and cats. It currently carries a Zacks Rank #2 (Buy). FRPT has a trailing four-quarter earnings surprise of 144.5%, on average.The Zacks Consensus Estimate for Freshpet’s current financial-year sales and earnings indicates growth of 27.3% and 224.3%, respectively, from the prior-year reported levels.McCormick & Company, Incorporated MKC is a leading manufacturer, marketer and distributor of spices, seasonings, specialty foods and flavors to the entire food industry. It currently carries a Zacks Rank #2. MKC has a trailing four-quarter earnings surprise of 13.8%, on average.The Zacks Consensus Estimate for McCormick’s current fiscal-year sales and earnings indicates growth of 0.6% and 8.2%, respectively, from the prior-year reported levels.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nGeneral Mills, Inc. (GIS) : Free Stock Analysis Report\nFreshpet, Inc. (FRPT) : Free Stock Analysis Report\nMcCormick & Company, Incorporated (MKC) : Free Stock Analysis Report\nIngredion Incorporated (INGR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483376404"}