General Mills sits in a pretty good position in the inflation battle when compared to competitors Kraft
But even as General Mills and Kraft have been raising prices, it appears that private-label makers and grocery stores have had to boost prices even faster, making a trade-down even less favorable for consumers.
The small post-earnings sell-off in General Mills yesterday provides a good opportunity to scoop up some shares in a company that is weathering the inflation storm quite well. A nice 3% dividend yield also provides some protection in the face of returning volatility to the markets. As the past few weeks have shown, the market doesn't go up forever, and a little safety can go a long way.
- Add General Mills to My Watchlist.