General Mills, Inc. (NYSE:GIS) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• General Mills has received a consensus rating of "Hold" from analysts, with three sell recommendations, eight holds, and four buys from fifteen ratings firms.
• The company's stock performance shows a market capitalization of $26.78 billion and a one-year trading range between $48.59 and $75.90.
• General Mills has increased its quarterly dividend to $0.61, resulting in an annualized yield of 4.9%, up from the previous $0.60 dividend.

Shares of General Mills, Inc. (NYSE:GIS - Get Free Report) have been given a consensus rating of "Hold" by the fifteen ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $59.1333.

GIS has been the topic of a number of research analyst reports. Wells Fargo & Company set a $53.00 target price on General Mills and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Bank of America cut their target price on General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $45.00 target price (down previously from $53.00) on shares of General Mills in a research note on Wednesday, August 20th. The Goldman Sachs Group downgraded General Mills from a "buy" rating to a "neutral" rating and cut their target price for the stock from $68.00 to $58.00 in a research note on Monday, June 9th. Finally, Wall Street Zen upgraded General Mills from a "sell" rating to a "hold" rating in a research note on Sunday, August 3rd.

Hedge Funds Weigh In On General Mills

Several institutional investors have recently bought and sold shares of GIS. Garde Capital Inc. lifted its stake in General Mills by 101.5% in the second quarter. Garde Capital Inc. now owns 524 shares of the company's stock valued at $27,000 after purchasing an additional 264 shares during the last quarter. Perkins Coie Trust Co lifted its stake in General Mills by 69.2% in the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in General Mills in the second quarter valued at approximately $32,000. Smallwood Wealth Investment Management LLC purchased a new position in General Mills in the first quarter valued at approximately $34,000. Finally, GKV Capital Management Co. Inc. purchased a new position in General Mills in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 75.71% of the company's stock.

General Mills Stock Performance

Shares of General Mills stock opened at $49.37 on Tuesday. General Mills has a one year low of $48.59 and a one year high of $75.90. The firm has a market capitalization of $26.78 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.27 and a beta of -0.01. The business has a 50-day simple moving average of $50.77 and a 200 day simple moving average of $55.08. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The firm's revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, research analysts anticipate that General Mills will post 4.36 earnings per share for the current fiscal year.

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, July 10th. This is a boost from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio (DPR) is presently 59.51%.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

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