S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
NYSE:GIS

General Mills (GIS) Stock Price, News & Analysis

$70.42
+1.33 (+1.93%)
(As of 04/19/2024 ET)
Today's Range
$69.08
$70.65
50-Day Range
$62.37
$70.57
52-Week Range
$60.33
$90.89
Volume
3.99 million shs
Average Volume
4.14 million shs
Market Capitalization
$39.99 billion
P/E Ratio
16.15
Dividend Yield
3.35%
Price Target
$72.18

General Mills MarketRank™ Stock Analysis

Analyst Rating
Hold
2.06 Rating Score
Upside/​Downside
2.5% Upside
$72.18 Price Target
Short Interest
Healthy
2.76% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.28
Upright™ Environmental Score
News Sentiment
0.53mentions of General Mills in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$5.06 M Sold Last Quarter
Proj. Earnings Growth
3.10%
From $4.51 to $4.65 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.

4.03 out of 5 stars

Consumer Staples Sector

40th 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

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PepsiCo is a blue-chip dividend payer with growth in the forecast. Growth for its business and growth for capital returns which include share buybacks.
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
General Mills NYSE: GIS, WK Kellogg NYSE: KLG and Conagra NYSE: CAG are among the stocks with the lowest ratings tracked by Marketbeat. Their analysts are more pessimistic than most other stocks the platform tracks, yet they are rebounding because their industry and businesses are on track to pivot this year.
SHOCKING Crypto Leak…
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3 High-Yield Stocks In Rebound Mode: How High Can They Go?
These consumer staples stocks were beaten up in 2023 but bottomed and are on track to complete reversals and trend higher in 2024.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
General Mills goes ex dividend today
General Mills Analysts Increase Their Forecasts After Upbeat Earnings
See More Headlines
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Company Calendar

Ex-Dividend for 2/1 Dividend
1/09/2024
Dividend Payable
2/01/2024
Last Earnings
3/20/2024
Ex-Dividend for 5/1 Dividend
4/09/2024
Today
4/21/2024
Dividend Payable
5/01/2024
Fiscal Year End
5/31/2024
Next Earnings (Estimated)
6/26/2024

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
$72.18
High Stock Price Target
$90.00
Low Stock Price Target
$61.00
Potential Upside/Downside
+2.5%
Consensus Rating
Hold
Rating Score (0-4)
2.06
Research Coverage
17 Analysts

Profitability

Net Income
$2.59 billion
Pretax Margin
15.31%

Debt

Sales & Book Value

Annual Sales
$20.09 billion
Cash Flow
$5.36 per share
Book Value
$17.07 per share

Miscellaneous

Free Float
566,537,000
Market Cap
$39.99 billion
Optionable
Optionable
Beta
0.15

Social Links

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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, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's diverse product portfolio, including popular brands like Cheerios, Yoplait, and Nature Valley, provides stability and resilience in various market conditions.
  • General Mills, Inc. has a history of paying dividends to its shareholders, offering a potential income stream for investors.
  • Recent cost-saving initiatives and operational efficiencies have positively impacted the company's profitability.
  • The current stock price of General Mills, Inc. is trading at an attractive valuation compared to its industry peers, presenting a potential value investment opportunity.

Cons

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

  • General Mills, Inc. faces intense competition in the packaged foods industry, which could impact its market share and margins.
  • Fluctuations in commodity prices, especially for key ingredients like grains and dairy, can affect the company's production costs and profitability.
  • Changing consumer preferences towards healthier and organic food options may require General Mills, Inc. to adapt its product offerings, potentially leading to increased expenses.
  • Global economic uncertainties and trade tensions could impact General Mills, Inc.'s international operations and revenue streams.
  • Regulatory changes related to food safety standards and labeling requirements may increase compliance costs for General Mills, Inc.
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 Thursday, April 11, 2024. Please send any questions or comments about these General Mills pros and cons to contact@marketbeat.com.

GIS Stock Analysis - Frequently Asked Questions

Should I buy or sell General Mills stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last year. There are currently 2 sell ratings, 12 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

17 analysts have issued 1-year target prices for General Mills' stock. Their GIS share price targets range from $61.00 to $90.00. On average, they anticipate the company's share price to reach $72.18 in the next twelve months. This suggests a possible upside of 2.5% 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 2024?

General Mills' stock was trading at $65.14 on January 1st, 2024. Since then, GIS shares have increased by 8.1% and is now trading at $70.42.
View the best growth stocks for 2024 here
.

Are investors shorting General Mills?

General Mills saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 15,520,000 shares, an increase of 12.7% from the March 15th total of 13,770,000 shares. Based on an average daily trading volume, of 4,290,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.8% of the company's stock 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 26th 2024.
View our GIS earnings forecast
.

How were General Mills' earnings last quarter?

General Mills, Inc. (NYSE:GIS) released its earnings results on Wednesday, March, 20th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.12. The firm earned $5.10 billion during the quarter, compared to analyst estimates of $4.97 billion. General Mills had a trailing twelve-month return on equity of 26.84% and a net margin of 12.66%. The company's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 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 announced a quarterly dividend on Tuesday, January 30th. Investors of record on Wednesday, April 10th will be given a dividend of $0.59 per share on Wednesday, May 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, April 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 3.35%. 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 54.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 50.75% 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, April, 10th. The company provided earnings per share guidance of 4.470-4.520 for the period, compared to the consensus EPS estimate of 4.670. 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 many different institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), Welch Group LLC (0.12%), Allspring Global Investments Holdings LLC (0.06%), ST Germain D J Co. Inc. (0.05%), CWM LLC (0.05%) and AMF Tjanstepension AB (0.03%). Insiders that own company stock include Bethany C Quam, Dana M Mcnabb, Jacqueline Williams-Roll, Jeffrey L Harmening, Jodi J Benson, John G Morikis, John R Church, Jonathon Nudi, Mark A Pallot, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/21/2024 by MarketBeat.com Staff

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