Tainted baby milk hits billionaire clan's powerful dairy empire [Fortune]
General Mills, Inc. (GIS)
Last general mills, inc. earnings: 3/18 07:00 am
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Source: Fortune
Recommended Video Just eight years ago, the French clan behind Groupe Lactalis , the world's biggest dairy company, and its chief executive officer — third-generation scion Emmanuel Besnier — went through a similar crisis after dozens of infants who consumed formula produced at one of its plants in western France were poisoned by salmonella. Lactalis was criticized for acting too slowly and charged for failing to recall the product, deception and involuntary injuries . The case is ongoing. Now, fears that baby milk powder has been tainted with a toxin that can cause vomiting, diarrhea or worse have forced Lactalis and better known food giants Nestle SA and Danone SA to pull products from store shelves around the world over the last few weeks. French authorities are investigating whether two infant deaths are linked to consumption of Nestle's Guigoz brand. As recalls, threats of lawsuits and accusations of regulatory failures filled the airwaves, Nestle and Danone were punished
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News
- General Mills (NYSE:GIS) was given a new $47.00 price target on by analysts at Mizuho.MarketBeat
- General Mills (NYSE:GIS) was downgraded by analysts at Bank of America Corporation from a "buy" rating to a "neutral" rating. They now have a $48.00 price target on the stock.MarketBeat
- General Mills (NYSE:GIS) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- General Mills: Why Historically Low Valuations Are No Longer A 'Buy' Signal [Seeking Alpha]Seeking Alpha
- General Mills (NYSE:GIS) was given a new $44.00 price target on by analysts at Morgan Stanley.MarketBeat
GIS
Earnings
- 12/17/25 - Beat
GIS
Sec Filings
- 1/29/26 - Form 4
- 1/29/26 - Form 3
- 1/27/26 - Form 8-K
- GIS's page on the SEC website