General Mills, Inc. (NYSE:GIS) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Broker sentiment is cautious: Twenty-two analysts assign General Mills an average “Reduce” rating, including seven sells, eleven holds, and four buys. The average 12-month price target is $39.16, modestly above the stock’s $37.21 opening price.
• Recent quarterly results exceeded expectations: General Mills reported $0.95 in quarterly EPS versus the $0.80 consensus estimate, while revenue reached $4.61 billion and increased 1.2% year over year.
• The company offers a substantial dividend: General Mills paid a quarterly dividend of $0.61 per share, or $2.44 annualized, representing a 6.6% yield based on the article’s figures.

General Mills, Inc. (NYSE:GIS - Get Free Report) has received an average rating of "Reduce" from the twenty-two research firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.1579.

Several research analysts have recently weighed in on GIS shares. Barclays reduced their price target on shares of General Mills from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, May 11th. Sanford C. Bernstein lowered shares of General Mills from a "market perform" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a report on Wednesday, June 3rd. BTIG Research started coverage on shares of General Mills in a research report on Monday, April 13th. They issued a "neutral" rating on the stock. Bank of America upped their target price on shares of General Mills from $36.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Finally, Piper Sandler lowered their target price on General Mills from $45.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday, May 13th.

General Mills Trading Up 0.9%

NYSE GIS opened at $37.21 on Tuesday. General Mills has a one year low of $31.75 and a one year high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The firm has a market cap of $19.86 billion, a P/E ratio of -206.71 and a beta of -0.03. The stock's 50-day moving average is $35.63 and its 200-day moving average is $38.08.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. During the same period in the previous year, the firm earned $0.53 EPS. General Mills's quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Sell-side analysts anticipate that General Mills will post 3.07 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, July 10th. General Mills's dividend payout ratio is currently -1,355.56%.

Institutional Investors Weigh In On General Mills

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Reflection Asset Management bought a new position in shares of General Mills during the 4th quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills in the fourth quarter worth $26,000. Brown Shipley& Co Ltd bought a new stake in shares of General Mills in the first quarter worth $26,000. Bruce G. Allen Investments LLC boosted its holdings in General Mills by 139.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company's stock worth $27,000 after purchasing an additional 337 shares during the last quarter. Finally, Main Street Group LTD acquired a new position in General Mills during the first quarter worth $27,000. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Company Profile

General Mills, Inc NYSE: GIS is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company's portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.

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