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S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
2 stocks that faded their price gaps after crushing earnings
Give up the OPEC fight with these 3 stocks, Buffett-certified
Important info on NVDA trade (Ad)
10-year yield is below 4.5%...these dividend growth yields aren’t
AI revolution: 3 stocks set to soar as technology evolves
Important info on NVDA trade (Ad)
Is there money hiding under these 2 mattress stocks?
3 reasons a squeeze could be in Paramount's coming attractions
S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
2 stocks that faded their price gaps after crushing earnings
Give up the OPEC fight with these 3 stocks, Buffett-certified
Important info on NVDA trade (Ad)
10-year yield is below 4.5%...these dividend growth yields aren’t
AI revolution: 3 stocks set to soar as technology evolves
Important info on NVDA trade (Ad)
Is there money hiding under these 2 mattress stocks?
3 reasons a squeeze could be in Paramount's coming attractions
S&P 500   4,550.43
DOW   35,333.47
QQQ   389.17
Is Microsoft the NVIDIA Killer? 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
2 stocks that faded their price gaps after crushing earnings
Give up the OPEC fight with these 3 stocks, Buffett-certified
Important info on NVDA trade (Ad)
10-year yield is below 4.5%...these dividend growth yields aren’t
AI revolution: 3 stocks set to soar as technology evolves
Important info on NVDA trade (Ad)
Is there money hiding under these 2 mattress stocks?
3 reasons a squeeze could be in Paramount's coming attractions

General Mills Stock Price, News & Analysis (NYSE:GIS)

$63.58
-1.60 (-2.45%)
(As of 11/27/2023 ET)
Compare
Today's Range
$63.42
$65.11
50-Day Range
$61.54
$66.24
52-Week Range
$60.33
$90.89
Volume
4.39 million shs
Average Volume
3.77 million shs
Market Capitalization
$36.96 billion
P/E Ratio
15.51
Dividend Yield
3.71%
Price Target
$74.94

General Mills MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
17.9% Upside
$74.94 Price Target
Short Interest
Healthy
2.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.28
Upright™ Environmental Score
News Sentiment
0.97mentions of General Mills in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.36%
From $4.48 to $4.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Consumer Staples Sector

24th out of 129 stocks

Grain Mill Products Industry

1st 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

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General Mills: Below Market Returns Set To Continue
GIS Oct 2023 61.000 put
See More Headlines
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Company Calendar

Last Earnings
9/20/2023
Ex-Dividend for 11/1 Dividend
10/06/2023
Dividend Payable
11/01/2023
Today
11/28/2023
Next Earnings (Confirmed)
12/20/2023
Fiscal Year End
5/31/2024

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
$74.94
High Stock Price Target
$96.00
Low Stock Price Target
$58.00
Potential Upside/Downside
+17.9%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
16 Analysts

Profitability

Net Income
$2.59 billion
Pretax Margin
14.55%

Debt

Sales & Book Value

Annual Sales
$20.09 billion
Cash Flow
$5.22 per share
Book Value
$18.28 per share

Miscellaneous

Free Float
579,884,000
Market Cap
$36.96 billion
Optionable
Optionable
Beta
0.27

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of General Mills was last updated on Tuesday, November 14, 2023 at 11:24 PM.

Pros

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

  • Strong Financial Performance: General Mills, Inc. has consistently delivered strong financial results in recent periods, with increasing revenues and profits. This indicates a stable and profitable business.
  • Diversified Product Portfolio: General Mills, Inc. offers a wide range of food products, including popular brands like Cheerios, Yoplait, and Häagen-Dazs. This diversification reduces the risk associated with relying on a single product or market.
  • Steady Dividend Payments: General Mills, Inc. has a history of paying steady dividends to its shareholders. This can provide a reliable income stream for investors.
  • Strong Brand Recognition: General Mills, Inc. has established strong brand recognition for its products, which can lead to customer loyalty and repeat purchases.
  • Strategic Acquisitions: General Mills, Inc. has a track record of successful acquisitions, which have helped the company expand its product portfolio and enter new markets. This demonstrates a proactive approach to growth.

Cons

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

  • Increasing Competition: General Mills, Inc. operates in a highly competitive industry, with many other food companies vying for market share. This could put pressure on the company's sales and profitability.
  • Changing Consumer Preferences: Consumer preferences for food products can change over time, and General Mills, Inc. may need to adapt its product offerings to meet these changing demands. Failure to do so could result in declining sales.
  • Potential Supply Chain Disruptions: General Mills, Inc. relies on a complex supply chain to source ingredients and distribute its products. Any disruptions in the supply chain, such as natural disasters or transportation issues, could impact the company's operations.
  • Regulatory Risks: General Mills, Inc. operates in a highly regulated industry, and changes in regulations related to food safety, labeling, or advertising could increase compliance costs and impact the company's profitability.
  • Economic Uncertainty: General Mills, Inc.'s financial performance is influenced by macroeconomic factors, such as changes in consumer spending patterns and economic downturns. Economic uncertainty could affect the company's sales and profitability.














GIS Stock Analysis - Frequently Asked Questions

Should I buy or sell General Mills stock right now?

16 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 4 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.

What is General Mills' stock price target for 2024?

16 Wall Street research analysts have issued twelve-month price objectives for General Mills' shares. Their GIS share price targets range from $58.00 to $96.00. On average, they expect the company's stock price to reach $74.94 in the next year. This suggests a possible upside of 17.9% 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 2023?

General Mills' stock was trading at $83.85 at the start of the year. Since then, GIS stock has decreased by 24.2% and is now trading at $63.58.
View the best growth stocks for 2023 here
.

Are investors shorting General Mills?

General Mills saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 12,740,000 shares, an increase of 8.1% from the October 15th total of 11,780,000 shares. Based on an average daily volume of 4,480,000 shares, the short-interest ratio is presently 2.8 days. Approximately 2.2% of the shares of the 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, December 20th 2023.
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, December 20th 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) announced its earnings results on Wednesday, September, 20th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.01. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.88 billion. General Mills had a net margin of 12.07% and a trailing twelve-month return on equity of 24.39%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share.
Read the conference call transcript
.

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

General Mills declared a quarterly dividend on Tuesday, November 14th. Investors of record on Wednesday, January 10th will be given a dividend of $0.59 per share on Thursday, February 1st. This represents a $2.36 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, January 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 3.62%. 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.

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

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 -.

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 a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (1.42%), Northern Trust Corp (1.38%), Charles Schwab Investment Management Inc. (1.30%), Nordea Investment Management AB (0.87%), Bank of New York Mellon Corp (0.85%) and Legal & General Group Plc (0.76%). 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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 11/28/2023 by MarketBeat.com Staff

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