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NYSE:GIS

General Mills (GIS) Stock Forecast, Price & News

$82.30
-0.35 (-0.42%)
(As of 05:33 PM ET)
Compare
Today's Range
$82.10
$82.83
50-Day Range
$81.50
$90.61
52-Week Range
$64.94
$90.89
Volume
2.71 million shs
Average Volume
3.27 million shs
Market Capitalization
$48.34 billion
P/E Ratio
17.78
Dividend Yield
2.62%
Price Target
$84.76

General Mills MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
3.0% Upside
$84.76 Price Target
Short Interest
Bearish
2.02% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.28
Upright™ Environmental Score
News Sentiment
0.84mentions of General Mills in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$4.85 M Sold Last Quarter
Proj. Earnings Growth
5.91%
From $4.23 to $4.48 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Consumer Staples Sector

77th out of 137 stocks

Grain Mill Products Industry

2nd out of 4 stocks


GIS stock logo

About General Mills (NYSE:GIS) Stock

General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. The firm operates through the following segments: North America Retail, Europe & Australia, Convenience Stores & Foodservice, Pet, and Asia & Latin America. The North America Retail segment includes grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains and e-commerce grocery providers. The Europe & Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks and dessert and baking mixes. The Convenience Stores & Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Pet segment represents the pet food products sold in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores and farm and feed stores, e-commerce retailers, military outlets, hardware

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GIS Stock News Headlines

General Mills Unusual Options Activity
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
See More Headlines

GIS Price History

GIS Company Calendar

Last Earnings
3/23/2023
Ex-Dividend for 5/1 Dividend
4/06/2023
Dividend Payable
5/01/2023
Today
6/09/2023
Next Earnings (Confirmed)
6/28/2023
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Packaged Foods & Meats
CUSIP
37033410
Employees
32,500
Year Founded
1928

Price Target and Rating

Average Stock Price Forecast
$84.76
High Stock Price Forecast
$96.00
Low Stock Price Forecast
$71.00
Forecasted Upside/Downside
+2.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
16 Analysts

Profitability

Net Income
$2.71 billion
Pretax Margin
16.76%

Debt

Sales & Book Value

Annual Sales
$18.99 billion
Cash Flow
$5.05 per share
Book Value
$18.07 per share

Miscellaneous

Free Float
583,415,000
Market Cap
$48.37 billion
Optionable
Optionable
Beta
0.27

Social Links


Key Executives

  • Jeff Harmening
    Chairman & Chief Executive Officer
  • Kofi A. Bruce
    Chief Financial Officer
  • Jodi J. BensonJodi J. Benson
    Chief Innovation, Technology & Quality Officer
  • Jaime Montemayor
    Chief Technology & Digital Officer
  • Mark A. PallotMark A. Pallot
    Chief Accounting Officer & Vice President













GIS Stock - 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 twelve months. There are currently 2 sell ratings, 8 hold ratings and 6 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 forecast for 2023?

16 brokers have issued 1 year target prices for General Mills' stock. Their GIS share price forecasts range from $71.00 to $96.00. On average, they predict the company's stock price to reach $84.76 in the next twelve months. This suggests a possible upside of 3.0% 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 beginning of the year. Since then, GIS stock has decreased by 1.8% and is now trading at $82.30.
View the best growth stocks for 2023 here
.

Are investors shorting General Mills?

General Mills saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 11,590,000 shares, a drop of 6.2% from the April 15th total of 12,360,000 shares. Based on an average daily volume of 3,100,000 shares, the short-interest ratio is presently 3.7 days. Approximately 2.0% of the company's shares are short sold.
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 28th 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, June 28th 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 results on Thursday, March, 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.06. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $4.97 billion. General Mills had a net margin of 14.04% and a trailing twelve-month return on equity of 24.51%. The company's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 EPS.
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 Monday, January 30th. Shareholders of record on Monday, April 10th will be given a dividend of $0.54 per share on Monday, May 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Thursday, April 6th.
Read our dividend analysis for GIS
.

Is General Mills a good dividend stock?

General Mills (NYSE:GIS) pays an annual dividend of $2.16 per share and currently has a dividend yield of 2.65%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 48.21% 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 2023 earnings guidance on Thursday, March, 23rd. The company provided earnings per share guidance of $4.26-$4.30 for the period, compared to the consensus estimate of $4.19. 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).

What is General Mills' stock symbol?

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

Who are General Mills' major shareholders?

General Mills' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.27%), State Street Corp (5.59%), Geode Capital Management LLC (1.93%), Charles Schwab Investment Management Inc. (1.29%), Price T Rowe Associates Inc. MD (1.18%) and Bank of America Corp DE (1.11%). 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.

What is General Mills' stock price today?

One share of GIS stock can currently be purchased for approximately $82.30.

How much money does General Mills make?

General Mills (NYSE:GIS) has a market capitalization of $48.34 billion and generates $18.99 billion in revenue each year. The company earns $2.71 billion in net income (profit) each year or $4.63 on an earnings per share basis.

How many employees does General Mills have?

The company employs 32,500 workers across the globe.

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
How can I contact General Mills?

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.

This page (NYSE:GIS) was last updated on 6/9/2023 by MarketBeat.com Staff

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