Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. General Mills's shares outstanding for the quarter that ended in May. 2022 was 599 Mil.
General Mills's quarterly shares outstanding
declined
from Feb. 2022 (602 Mil) to May. 2022 (599 Mil).
It means General Mills bought back shares from Feb. 2022 to May. 2022 .
General Mills's annual shares outstanding
declined
from May. 2021 (608 Mil) to May. 2022 (599 Mil).
It means General Mills bought back shares from May. 2021 to May. 2022 .
General Mills Shares Outstanding (EOP) Historical Data
The historical data trend for General Mills's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
General Mills Annual Data
Trend
May13
May14
May15
May16
May17
May18
May19
May20
May21
May22
Shares Outstanding (EOP)
593.10
601.90
609.80
607.70
598.90
General Mills Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Shares Outstanding (EOP)
607.70
606.28
603.20
602.20
598.90
Competitive Comparison
For the Packaged Foods subindustry, General Mills's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
General Mills Shares Outstanding (EOP) Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where General Mills's Shares Outstanding (EOP) falls into.
General Mills Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
General Mills (NYSE:GIS) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
General Mills Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of General Mills's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2021, 75% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.
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