General Mills (GIS) Stock Forecast, Price & News

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.

16 equities research analysts have issued 12-month price targets for General Mills' shares. Their GIS share price forecasts range from $71.00 to $96.00. On average, they anticipate the company's stock price to reach $84.76 in the next year. This suggests a possible upside of 1.2% 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 beginning of the year. Since then, GIS shares have decreased by 0.1% and is now trading at $83.78.
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General Mills saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 11,590,000 shares, a decrease of 6.2% from the April 15th total of 12,360,000 shares. Based on an average trading volume of 3,100,000 shares, the short-interest ratio is presently 3.7 days. Currently, 2.0% 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 Wednesday, June 28th 2023.
View our GIS earnings forecast.

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.

General Mills, Inc. (NYSE:GIS) posted its earnings results on Thursday, March, 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $4.97 billion. General Mills had a trailing twelve-month return on equity of 24.51% and a net margin of 14.04%. The business's revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share.
Read the conference call transcript.

General Mills declared a quarterly dividend on Monday, January 30th. Shareholders of record on Monday, April 10th will be paid a dividend of $0.54 per share on Monday, May 1st. This represents a $2.16 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 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 Dynamic Food & Beverage ETF (PBJ), iShares MSCI Water Management Multisector ETF (IWTR), WBI BullBear Yield 3000 ETF (WBIG), Invesco DWA Consumer Staples Momentum ETF (PSL), Amplify YieldShares CWP Dividend & Option Income ETF (DIVO), Alpha Dog ETF (RUFF) and Franklin U.S. Low Volatility High Dividend Index ETF (LVHD).

General Mills (NYSE:GIS) pays an annual dividend of $2.16 per share and currently has a dividend yield of 2.55%. 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.

General Mills issued an update on its FY 2023 earnings guidance on Thursday, March, 23rd. The company provided EPS guidance of $4.26-$4.30 for the period, compared to the consensus estimate of $4.19. 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 shareholders 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.

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 $83.78.

General Mills (NYSE:GIS) has a market capitalization of $49.21 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.

The company employs 32,500 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.