Free Trial

General Mills (GIS) Stock Price, News & Analysis

$67.39
-0.07 (-0.10%)
(As of 06/6/2024 ET)
Today's Range
$66.80
$67.81
50-Day Range
$66.20
$71.61
52-Week Range
$60.33
$82.83
Volume
2.80 million shs
Average Volume
4.05 million shs
Market Capitalization
$38.27 billion
P/E Ratio
15.46
Dividend Yield
3.50%
Price Target
$71.94

General Mills MarketRank™ Stock Analysis

Analyst Rating
Hold
2.06 Rating Score
Upside/​Downside
6.8% Upside
$71.94 Price Target
Short Interest
Bearish
2.92% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.28
Upright™ Environmental Score
News Sentiment
1.47mentions of General Mills in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$742,205 Sold Last Quarter
Proj. Earnings Growth
2.88%
From $4.51 to $4.64 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.76 out of 5 stars

Consumer Staples Sector

59th out of 132 stocks

Grain Mill Products Industry

2nd out of 6 stocks

GIS stock logo

About General Mills Stock (NYSE:GIS)

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, Muir Glen, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Top Chews Naturals, Totino's, Trix, True Chews, Wanchai Ferry, Wheaties, Wilderness, Yoki, Reese's Puffs, Green Giant, and Yoplait trademarks. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. In addition, the company operates ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.

GIS Stock Price History

GIS Stock News Headlines

J.P. Morgan Keeps Their Hold Rating on General Mills (GIS)
General Mills, Inc. Common Stock (GIS)
General Mills: Boring Stock With A Decent Yield
See More Headlines
Receive GIS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for General Mills and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/20/2024
Ex-Dividend for 5/1 Dividend
4/09/2024
Dividend Payable
5/01/2024
Today
6/06/2024
Next Earnings (Confirmed)
6/26/2024
Fiscal Year End
5/31/2025

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Packaged Foods & Meats
CUSIP
37033410
Employees
34,000
Year Founded
1928

Price Target and Rating

Average Stock Price Target
$71.94
High Stock Price Target
$90.00
Low Stock Price Target
$61.00
Potential Upside/Downside
+6.8%
Consensus Rating
Hold
Rating Score (0-4)
2.06
Research Coverage
18 Analysts

Profitability

Net Income
$2.59 billion
Pretax Margin
15.31%

Debt

Sales & Book Value

Annual Sales
$20.09 billion
Cash Flow
$5.29 per share
Book Value
$18.28 per share

Miscellaneous

Free Float
566,537,000
Market Cap
$38.27 billion
Optionable
Optionable
Beta
0.12

Social Links

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report

Should I Buy General Mills Stock? GIS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in General Mills, Inc.:

  • General Mills has a strong net margin of 12.66%, indicating efficient cost management and profitability.
  • The company boasts a solid return on equity of 26.84%, showcasing effective utilization of shareholder funds to generate earnings.
  • Equities analysts predict General Mills will post 4.51 EPS for the current year, indicating potential growth and positive earnings outlook.
  • General Mills offers a diverse range of consumer food products, including organic options, catering to various consumer preferences and trends.
  • Recent developments show General Mills adapting to changing consumer demands and investing in innovation to stay competitive in the market.

Cons

Investors should be bearish about investing in General Mills, Inc. for these reasons:

  • General Mills experienced a slight decline in revenue, down 0.5% year-over-year, which may raise concerns about top-line growth.
  • The stock price of General Mills may be impacted by fluctuations in commodity prices, affecting input costs and profit margins.
  • Competitive pressures in the consumer foods industry could pose challenges for General Mills in maintaining market share and pricing power.
  • Changes in consumer preferences towards healthier or alternative food options may require General Mills to adapt its product portfolio, potentially impacting sales.
  • General Mills operates in a sector sensitive to economic conditions, and any downturn could affect consumer spending on its products.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these General Mills pros and cons to contact@marketbeat.com.

GIS Stock Analysis - Frequently Asked Questions

Should I buy or sell General Mills stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last twelve months. There are currently 2 sell ratings, 13 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GIS, but not buy additional shares or sell existing shares.
View GIS analyst ratings
or view top-rated stocks.

What is General Mills' stock price target for 2024?

18 analysts have issued 12-month price targets for General Mills' stock. Their GIS share price targets range from $61.00 to $90.00. On average, they expect the company's share price to reach $71.94 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for GIS
or view top-rated stocks among Wall Street analysts.

How have GIS shares performed in 2024?

General Mills' stock was trading at $65.14 at the beginning of 2024. Since then, GIS shares have increased by 3.5% and is now trading at $67.39.
View the best growth stocks for 2024 here
.

Are investors shorting General Mills?

General Mills saw a increase in short interest in May. As of May 15th, there was short interest totaling 16,440,000 shares, an increase of 8.9% from the April 30th total of 15,090,000 shares. Based on an average trading volume of 3,940,000 shares, the short-interest ratio is currently 4.2 days. Approximately 2.9% of the company's stock are sold short.
View General Mills' Short Interest
.

When is General Mills' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 26th 2024.
View our GIS earnings forecast
.

How can I listen to General Mills' earnings call?

General Mills will be holding an earnings conference call on Wednesday, June 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were General Mills' earnings last quarter?

General Mills, Inc. (NYSE:GIS) released its quarterly earnings data on Wednesday, March, 20th. The company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.12. The business had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $4.97 billion. General Mills had a trailing twelve-month return on equity of 26.84% and a net margin of 12.66%. General Mills's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS.
Read the conference call transcript
.

How often does General Mills pay dividends? What is the dividend yield for General Mills?

General Mills announced a quarterly dividend on Tuesday, January 30th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.59 per share on Wednesday, May 1st. This represents a $2.36 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, April 9th.
Read our dividend analysis for GIS
.

Is General Mills a good dividend stock?

General Mills (NYSE:GIS) pays an annual dividend of $2.36 per share and currently has a dividend yield of 3.46%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 50.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIS.

What guidance has General Mills issued on next quarter's earnings?

General Mills updated its FY 2024 earnings guidance on Wednesday, April, 10th. The company provided EPS guidance of 4.470-4.520 for the period, compared to the consensus EPS estimate of 4.670. The company issued revenue guidance of -.

What is Jeff Harmening's approval rating as General Mills' CEO?

372 employees have rated General Mills Chief Executive Officer Jeff Harmening on Glassdoor.com. Jeff Harmening has an approval rating of 95% among the company's employees. This puts Jeff Harmening in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of General Mills own?

Based on aggregate information from My MarketBeat watchlists, some companies that other General Mills investors own include AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Pfizer (PFE), Intel (INTC), Procter & Gamble (PG), Cisco Systems (CSCO), Exxon Mobil (XOM), Walt Disney (DIS) and AbbVie (ABBV).

Who are General Mills' major shareholders?

General Mills' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.62%), Capital International Investors (3.24%), Capital Research Global Investors (2.40%), Capital World Investors (1.25%), Nordea Investment Management AB (0.94%) and Bank of New York Mellon Corp (0.73%). Insiders that own company stock include Bethany C Quam, Dana M Mcnabb, Jacqueline Williams-Roll, Jeffrey L Harmening, Jodi J Benson, John G Morikis, Jonathon Nudi, Mark A Pallot, Richard C Allendorf, Sean N Walker, Shawn P Ogrady and Werner Lanette Shaffer.
View institutional ownership trends
.

How do I buy shares of General Mills?

Shares of GIS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does General Mills have any subsidiaries?
The following companies are subsidiares of General Mills: Annie’s, Annie’s, Blue Buffalo, Blue Buffalo Company Ltd., Blue Buffalo Pet Products, C.P.D. Cereal Partners Deutschland Gmbh & Co. Ohg, C.P.W. Hellas Breakfast Cereals Societe Anonyme, C.P.W. Mexico S. De R.L. De C.V., CEREAL PARTNERS ESPANA A.E.I.E., CEREAL PARTNERS U.K., CP MIDDLE EAST FZCO, CPW HONG KONG LIMITED, CPW NEW ZEALAND, Carolina Administracao e Participacoes Societarias Ltda., Carolina Laticínios, Cereal Associados Portugal A.E.I.E., Cereal Partners (Malaysia) Sdn. Bhd., Cereal Partners Australia Pty Limited, Cereal Partners France Snc, Cereal Partners Gida Ticaret Limited Sirketi, Cereal Partners Mexico S.A. De C.V., Cereal Partners Poland Torun-Pacific Sp. Z.O.O., Cereal Partners Rus Llc, Cereales C.P.W. Chile Limitada (Srl), Cpw Ama Dwc—Llc, Cpw Brasil Ltda., Cpw Operations S.A.R.L., Cpw Philippines Inc., Cpw S.A., Cpw Singapore (Pte.) Ltd., EPIC Provisions, Food Should Taste Good, General Mills Capital Inc., General Mills Finance Inc., General Mills Holding B.V., General Mills Holding K (Netherlands) B.V., General Mills Maarssen Holding Inc., General Mills Marketing Inc., General Mills Operations Llc, Gm Cereals Holdings Inc., Gm Cereals Manager Inc., Haagen-Dazs Japan Inc., Haagen-Dazs Korea Co. Ltd., Haagen-Dazs Nederland B.V., Humm Foods, Humm Foods, Parampara Food Products, Saxby Bros, The Pillsbury Company, The Pillsbury Company Llc, Tyson Foods, Yoki Alimentos, Yoplait, and Yoplait.
Read More
This page (NYSE:GIS) was last updated on 6/6/2024 by MarketBeat.com Staff

From Our Partners