General Mills (GIS) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last year. There are currently 2 sell ratings, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research 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.

17 brokerages have issued 1 year target prices for General Mills' shares. Their GIS share price forecasts range from $58.00 to $96.00. On average, they expect the company's stock price to reach $75.74 in the next year. This suggests a possible upside of 18.5% from the stock's current price.
View analysts price targets for GIS or view top-rated stocks among Wall Street analysts.

General Mills' stock was trading at $83.85 at the start of the year. Since then, GIS shares have decreased by 23.8% and is now trading at $63.93.
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General Mills saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 13,320,000 shares, a decrease of 6.5% from the August 31st total of 14,250,000 shares. Based on an average daily trading volume, of 4,060,000 shares, the short-interest ratio is presently 3.3 days. Approximately 2.3% of the shares of the stock are short sold.
View General Mills' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.
View our GIS earnings forecast.

General Mills, Inc. (NYSE:GIS) released its quarterly earnings results on Wednesday, September, 20th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.08 by $0.01. The firm earned $4.90 billion during the quarter, compared to analysts' expectations of $4.88 billion. General Mills had a trailing twelve-month return on equity of 24.39% and a net margin of 12.07%. The firm's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share.
Read the conference call transcript.

General Mills announced a quarterly dividend on Tuesday, September 26th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.59 per share on Wednesday, November 1st. This represents a $2.36 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Friday, October 6th.
Read our dividend analysis for GIS.

ETFs with the largest weight of General Mills (NYSE:GIS) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Invesco Food & Beverage ETF (PBJ), iShares MSCI Water Management Multisector ETF (IWTR), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Morgan Dempsey Large Cap Value ETF (MDLV), Amplify YieldShares CWP Dividend & Option Income ETF (DIVO), VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) and Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS).

General Mills (NYSE:GIS) pays an annual dividend of $2.36 per share and currently has a dividend yield of 3.62%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 57.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIS.

General Mills issued an update on its FY 2024 earnings guidance on Wednesday, September, 6th. The company provided earnings per share guidance of $4.47-$4.56 for the period, compared to the consensus earnings per share estimate of $4.50. The company issued revenue guidance of -.

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.

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).

General Mills trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIS."

General Mills' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.35%), State Street Corp (5.65%), Capital International Investors (5.62%), Capital Research Global Investors (3.06%), Geode Capital Management LLC (1.98%) and Northern Trust Corp (1.30%). Insiders that own company stock include Bethany C Quam, Dana M Mcnabb, Jacqueline Williams-Roll, Jeffrey L Harmening, Jodi J Benson, John R Church, Jonathon Nudi, Mark A Pallot, R Kerry Clark, Richard C Allendorf, Sean N Walker and Shawn P Ogrady.
View institutional ownership trends.

Shares of GIS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GIS stock can currently be purchased for approximately $63.93.

General Mills (NYSE:GIS) has a market capitalization of $37.16 billion and generates $20.09 billion in revenue each year. The company earns $2.59 billion in net income (profit) each year or $4.10 on an earnings per share basis.

The company employs 34,000 workers across the globe.

General Mills' mailing address is NUMBER ONE GENERAL MILLS BOULEVARD, MINNEAPOLIS MN, 55440. The official website for the company is www.generalmills.com. The company can be reached via phone at (763) 764-7600, via email at media.line@genmills.com, or via fax at 763-764-8330.