NEW YORK (TheStreet) -- General Mills (GIS) - Get Report announced this afternoon that it has issued a voluntary recall of some of its flour products due to a 20-state outbreak of a strain of E.coli, which could have potential links to their products.
Several lots of Golden Medal, Wondra and Signature Kitchen brands that were sold in stores including Safeway, Albertsons, Jewel, Shaws, Vons, United, Randalls and Acme are all being pulled from shelves.
The E.coli strand, known as 0121, has not been found in any General Mills flour products or in the flour manufacturing facility, the company said. However, in its investigation into 38 illnesses across 20 states the CDC has found that approximately half of the individuals reported making something homemade with flour before becoming sick.
General Mills is recalling its flour products "out of an abundance of caution."
"As a leading provider of flour for 150 years, we felt it was important to not only recall the product and replace it for consumers if there was any doubt, but also to take this opportunity to remind our consumers how to safely handle flour," Liz Nordlie, president of General Mills Baking division, said in a statement announcing the recall.
Shares of General Mills are lower by 0.08% to $62.81 on Tuesday afternoon.
General Mills is a Minneapolis-based manufacturer and marketer of branded consumer foods with products including Pillsbury, Bisquick, Chex, Lucky Charms, Cheerios, Hagen-Dazs and more.
Separately, TheStreet Ratings has set a "buy" rating and a score of A on General Mills stock. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet Ratings covers.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, expanding profit margins, good cash flow from operations and growth in earnings per share. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that it evaluated.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: GIS