GIS 被低估；公允价值 40 美元，而股价低于 34 美元，意味着 12-18 个月内存在超过 17% 的上行空间，外加股息。
逐段跳播
最后但同样重要的是 General Mills，其公允价值为 40 美元，而你可以以略低于每股 34 美元的价格买入，这意味着在未来 12 到 18 个月内可获得超过 17% 的收益，外加股息。
Last but not least, General Mills, which has a fair value of $40, and you can buy it for a little less than $34 per share, meaning a profit of over 17% over the next 12 to 18 months, plus dividends.
General Mills 也面临与其他被提及公司类似的逆风，因为个人可支配收入下降正推动更多消费者转向自有品牌产品。
General Mills also faces similar headwinds to the other companies mentioned, as declining personal disposable income is driving more consumers toward store-brand products .
消费者不再购买 General Mills 销售的知名品牌早餐麦片，而是选择自有品牌麦片，后者往往相似但并不完全相同。其口味质量不及前者，但售价要低得多。因此，一盒知名品牌麦片可能卖 4 美元，而如果你选择商店自有品牌，可能只需 2 美元就能买到。
Instead of buying breakfast cereals sold by General Mills, which are well-known brands, consumers opt for store-brand cereals, which are often similar but not exactly identical.
Its taste is not of the same quality, but it is sold at a much lower price . So, a box of cereal from a well-known brand might sell for $4, while you might find it for $2 if you choose the store's brand.
这使其对预算因生活成本上升、可支配收入减少而受到挤压的消费者来说，成为一个越来越有吸引力的选择。但这些是短期逆风。经济会经历起起落落的周期，而目前经济正经历一个衰退周期，影响着中低收入消费者。
This makes it an increasingly attractive option for customers whose budgets are being squeezed by rising living costs, reducing their disposable income. But these are headwinds in the short term.
The economy goes through cycles of ups and downs, and currently the economy is going through a recession cycle that is affecting low- and middle-income consumers.
高收入消费者表现非常好，因为资产价格在上涨，他们的整体财富因股票、房产和资产价格上涨而增加。人工智能正在加快这一上层阶级资产估值上升的步伐。另一方面，低收入者——或者更确切地说，我应该说下层阶级、低收入者——可支配收入更少，因为他们的生活成本上涨速度快于工资增长速度。
因此，他们正在做出艰难的选择，这影响了我提到的那四家公司，因为它们是面向消费者的公司，正面临消费者转向更便宜选择的逆风。消费者正选择减少这些产品的消费，因此这些逆风影响着全部四家公司。
High-income consumers are doing very well because asset prices are rising, and they are seeing an increase in their overall wealth due to rising stock, home, and asset prices. Artificial intelligence contributes to accelerating the pace of asset valuations for that upper class.
On the other hand, low-income earners—or rather, I should say the lower class, low-income earners—have less disposable income because their living costs are increasing at a faster rate than their wages are growing.
Therefore, they are making difficult choices that affect these four companies I mentioned, because they are consumer-oriented companies and are facing headwinds as consumers move towards cheaper options .
Consumers are choosing to reduce their consumption of these products, and therefore these headwinds are affecting all four companies.
当然，如果你是一位寻求股息的投资者，你追求的是良好回报，而这四家公司提供了有吸引力的回报，其中 General Mills 以 7.2% 领先，其次是 PepsiCo 的 4.5%、Procter & Gamble 的 3%，以及 McDonald's 的超过 3%。
Of course, if you are an investor looking for dividends, you are looking for a good return, and these four companies offer attractive returns, with General Mills leading the way at 7.2%, followed by PepsiCo at 4.5% , Procter & Gamble at 3%, and McDonald's at more than 3 %.
此外，我认为可以合理假设这些公司将在未来许多年继续提高其股息派发。因此，你不仅今年会获得一定金额的股息收入，而且明年很可能更多，后年还会更多，如此持续未来许多年。
Furthermore, I think it is reasonable to assume that these companies will continue to increase their dividend payouts for many years to come. Thus, not only will you receive a certain amount of dividend income this year, but it is likely to be even greater next year, and even greater the year after that, and so on for many years to come.
因此，我认为这是四只被低估的股息股，投资者现在可以买入，并且或许可以永远或持有数十年而无需卖出，只需享受股息收入。
Therefore, I believe these are four undervalued dividend stocks that investors can buy now and hold perhaps forever or for decades without having to sell them, and simply benefit from the dividend income .
这个频道对 $GIS 的历次判断
Parkev Tatevosian, CFA 在这只股票上只有这一条判断。