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

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.
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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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 20th 2023.
View our GIS earnings forecast.

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.

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.

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.

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.

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 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' 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.

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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