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NYSE:GIS

General Mills (GIS) Stock Price, News & Analysis

$66.32
+0.49 (+0.74%)
(As of 07/26/2024 ET)
Today's Range
$65.60
$66.64
50-Day Range
$62.49
$71.43
52-Week Range
$60.33
$76.15
Volume
2.55 million shs
Average Volume
4.09 million shs
Market Capitalization
$37.02 billion
P/E Ratio
15.39
Dividend Yield
3.62%
Price Target
$68.82

General Mills MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.8% Upside
$68.82 Price Target
Short Interest
Bearish
3.12% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.28
Upright™ Environmental Score
News Sentiment
0.54mentions of General Mills in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$50,105 Sold Last Quarter
Proj. Earnings Growth
5.57%
From $4.49 to $4.74 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.

4.09 out of 5 stars

Consumer Staples Sector

39th out of 136 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

Financial markets news icon
MarketBeat Week in Review – 7/1 - 7/5 (GIS)
The market was mostly quiet in a holiday-shortened week; that may change next week with the latest inflation readings and the kickoff of a new earnings season
General Mills logo and stock on smartphone screen
General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
General Mills  NYSE: GIS lies within the consumer staples sector and ranks in the top 10 largest food and beverage companies in the United States by revenue. In 2024, the share price is essentially where it started for the year, with a total return of just under 0%.
625,000% Gain
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General Mills logo and stock on smartphone screen
General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
General Mills released earnings on Jun. 26, 2024. It beat on earnings per share, missed on revenue, and increased its dividend. The share price traded down.
General Mills logo and stock on screen
General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
General Mills NYSE: GIS is the global food manufacturing sector giant known for iconic brands like Cheerios, Yoplait, Pillsbury, and Blue Buffalo. General Mills' earnings report for the fourth quarter and full-year fiscal 2024 revealed a disappointing performance, which sent General Mills' stock price downward.
General Mills logo and stock on screen
General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
General Mills' Q4 earnings miss expectations, raising concerns about growth and investor confidence.
Financial markets news icon
General Mills, Worthington fall; FedEx, Rivian rise, Wednesday, 6/26/2024
Stocks that are trading heavily or have substantial price changes on Wednesday: General Mills, Worthington fall; FedEx, Rivian
625,000% Gain
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Is General Mills (NYSE:GIS) Using Too Much Debt?
See More Headlines
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Company Calendar

Ex-Dividend for 5/1 Dividend
4/09/2024
Dividend Payable
5/01/2024
Last Earnings
6/26/2024
Ex-Dividend for 8/1 Dividend
7/10/2024
Today
7/26/2024
Dividend Payable
8/01/2024
Next Earnings (Estimated)
9/18/2024
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
$68.82
High Stock Price Target
$77.00
Low Stock Price Target
$61.00
Potential Upside/Downside
+4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
18 Analysts

Profitability

Net Income
$2.50 billion
Pretax Margin
15.25%

Debt

Sales & Book Value

Annual Sales
$19.86 billion
Cash Flow
$5.74 per share
Book Value
$17.29 per share

Miscellaneous

Free Float
556,806,000
Market Cap
$36.95 billion
Optionable
Optionable
Beta
0.09

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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 reported EPS for the quarter exceeding consensus estimates, indicating strong financial performance.
  • General Mills increased its quarterly dividend, showing commitment to rewarding shareholders.
  • Insider buying and selling activities can provide insights into the company's performance and potential future growth.
  • Wall Street analysts have forecasted growth for General Mills, indicating positive sentiment from experts.
  • General Mills has a stable dividend yield of 3.77%, providing investors with a steady income stream.

Cons

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

  • General Mills' revenue for the quarter was down 6.3% on a year-over-year basis, indicating a decline in sales.
  • Analysts have given mixed ratings on General Mills stock, with some suggesting a sell rating, which may raise concerns about future performance.
  • Recent target price adjustments by analysts may reflect uncertainties in the company's growth prospects.
  • General Mills' debt-to-equity ratio of 1.17 may pose risks for investors concerned about the company's financial leverage.
  • The company's revenue decline and lower-than-expected analyst estimates could signal potential challenges ahead.
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 Friday, July 5, 2024. Please send any questions or comments about these General Mills pros and cons to contact@marketbeat.com.

GIS Stock Analysis - Frequently Asked Questions

How have GIS shares performed this year?

General Mills' stock was trading at $65.14 on January 1st, 2024. Since then, GIS shares have increased by 1.8% and is now trading at $66.32.
View the best growth stocks for 2024 here
.

How were General Mills' earnings last quarter?

General Mills, Inc. (NYSE:GIS) posted its quarterly earnings data on Wednesday, June, 26th. The company reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.02. The company's revenue was down 6.3% on a year-over-year basis.
Read the conference call transcript
.

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.

Does General Mills have any subsidiaries?

General Mills subsidiaries include Tyson Foods, Blue Buffalo, Blue Buffalo Pet Products, EPIC Provisions, Carolina Laticínios, Carolina Administracao e Participacoes Societarias Ltda., Annie’s, and more.

Who are General Mills' major shareholders?

General Mills' top institutional investors include Bank of New York Mellon Corp (0.71%), Sumitomo Mitsui Trust Holdings Inc. (0.28%), Raymond James & Associates (0.17%) and Railway Pension Investments Ltd (0.14%). Insiders that own company stock include Jeffrey L Harmening, Jonathon Nudi, Sean N Walker, Shawn P Ogrady, Bethany C Quam, Jacqueline Williams-Roll, Jodi J Benson, Werner Lanette Shaffer, Dana M Mcnabb, Mark A Pallot, John G Morikis and Richard C Allendorf.
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.

What other stocks do shareholders of General Mills own?

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

This page (NYSE:GIS) was last updated on 7/26/2024 by MarketBeat.com Staff

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