10 Cash-Rich Stocks to Buy Now

8. General Mills, Inc. (NYSE:GIS)

Operating Cash Flow (TTM): $2.36 Billion

Number of Hedge Fund Holders: 48

General Mills, Inc. (NYSE:GIS) is one of the best cash-rich stocks to invest in.

On December 22, Morgan Stanley analyst Megan Alexander Clapp lowered the firm’s price target on General Mills, Inc. (NYSE:GIS) to $47 from $48 and kept an Underweight rating. The update followed the company’s Q2 results and a follow-up discussion with management. The firm cut its FY27 EPS estimate to $3.65 from $3.80, and the revised outlook fed directly into the lower price target.

A few days earlier, on December 17, General Mills, Inc. (NYSE:GIS) reported second-quarter sales and profit that came in ahead of expectations. Demand held up as budget-conscious consumers continued to eat at home rather than dine out, lifting sales of pantry staples and breakfast cereals, including products under the Pillsbury brand.

US consumer sentiment showed signs of improvement in early December, but many shoppers still leaned toward home-cooked meals. High prices and uncertainty around the labor market continued to shape spending habits. CEO Jeff Harmening described the quarter as a “volatile operating environment,” while also pointing to “improved momentum” in the first half of the year.

Net sales for the quarter ended November 23 fell 7% to $4.86 billion, topping analysts’ estimates of $4.78 billion, according to LSEG data. Adjusted earnings came in at $1.10 per share, above expectations of $1.03. The company reaffirmed its full-year outlook, calling for a 10% to 15% decline in profit and organic net sales ranging from a 1% increase to a 1% decrease.

In June, General Mills, Inc. (NYSE:GIS) said it plans to remove synthetic dyes from its entire US retail portfolio by the end of fiscal 2027. The move reflects shifting consumer preferences toward healthier options and aligns with the Trump administration’s “Make America Healthy Again” push.

General Mills, Inc. (NYSE:GIS) manufactures and markets a broad range of branded consumer food products sold through retail channels across the US and internationally.