General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and 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, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, 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. The company operates 466 leased and 392 franchise ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.
General Mills Trading Up 0.9 %
Shares of NYSE:GIS traded up $0.65 on Friday, reaching $76.17. 2,266,053 shares of the company traded hands, compared to its average volume of 3,418,966. General Mills has a 52 week low of $56.67 and a 52 week high of $76.94. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 0.85. The business's 50-day simple moving average is $72.11 and its 200 day simple moving average is $69.69. The stock has a market capitalization of $45.49 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 2.54 and a beta of 0.35.
General Mills (NYSE:GIS - Get Rating) last announced its quarterly earnings results on Wednesday, June 29th. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.11. General Mills had a return on equity of 23.74% and a net margin of 14.25%. The business had revenue of $4.89 billion for the quarter, compared to analysts' expectations of $4.81 billion. During the same period in the previous year, the firm earned $0.91 EPS. The business's quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts anticipate that General Mills will post 4 EPS for the current fiscal year.
General Mills Announces Dividend
The firm also recently announced a dividend, which was paid on Thursday, July 7th. Stockholders of record on Friday, July 8th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, July 7th. General Mills's dividend payout ratio (DPR) is presently 48.87%.
Analyst Ratings Changes
A number of analysts have issued reports on GIS shares. Royal Bank of Canada raised their target price on General Mills from $66.00 to $68.00 and gave the stock a "sector perform" rating in a research report on Friday, July 1st. Citigroup upped their price objective on shares of General Mills from $82.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, June 30th. Credit Suisse Group set a $74.00 target price on shares of General Mills in a research note on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of General Mills from $75.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, June 30th. Finally, BMO Capital Markets boosted their target price on shares of General Mills from $66.00 to $80.00 and gave the company a "market perform" rating in a report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $72.73.
Insider Activity
In related news, insider Dana M. Mcnabb sold 10,993 shares of General Mills stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $76.16, for a total value of $837,226.88. Following the sale, the insider now owns 14,884 shares in the company, valued at $1,133,565.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Mark A. Pallot sold 2,255 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $74.66, for a total value of $168,358.30. Following the completion of the transaction, the chief accounting officer now owns 17,087 shares of the company's stock, valued at approximately $1,275,715.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana M. Mcnabb sold 10,993 shares of the firm's stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $76.16, for a total value of $837,226.88. Following the completion of the transaction, the insider now owns 14,884 shares of the company's stock, valued at approximately $1,133,565.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,737 shares of company stock valued at $3,217,260. Company insiders own 0.53% of the company's stock.
