General Mills - GIS Stock Forecast, Price & News

15 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 5 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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15 brokers have issued 1 year price targets for General Mills' shares. Their GIS share price forecasts range from $64.00 to $95.00. On average, they expect the company's share price to reach $82.27 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
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General Mills' stock was trading at $83.85 on January 1st, 2023. Since then, GIS stock has decreased by 9.0% and is now trading at $76.31.
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General Mills saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 16,070,000 shares, a drop of 7.5% from the December 15th total of 17,370,000 shares. Based on an average trading volume of 3,670,000 shares, the short-interest ratio is presently 4.4 days. Currently, 2.7% of the company's shares are sold short.
View General Mills' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 22nd 2023.
View our GIS earnings forecast.

General Mills, Inc. (NYSE:GIS) issued its quarterly earnings data on Tuesday, December, 20th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. The firm earned $5.22 billion during the quarter, compared to the consensus estimate of $5.15 billion. General Mills had a trailing twelve-month return on equity of 24.09% and a net margin of 15.02%.

General Mills announced a quarterly dividend on Monday, January 30th. Stockholders of record on Monday, April 10th will be given a dividend of $0.54 per share on Monday, May 1st. This represents a $2.16 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, April 6th.
Read our dividend analysis for GIS.

General Mills (NYSE:GIS) pays an annual dividend of $2.16 per share and currently has a dividend yield of 2.86%. The dividend payout ratio is 45.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 49.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIS.

General Mills updated its FY 2023 earnings guidance on Tuesday, December, 20th. The company provided earnings per share (EPS) guidance of $4.10-$4.18 for the period, compared to the consensus EPS estimate of $4.11. 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 variety of institutional and retail investors. Top institutional investors include Capital Wealth Planning LLC (0.60%), Robeco Institutional Asset Management B.V. (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), Lion Street Advisors LLC (0.26%), Bank of Montreal Can (0.25%) and Los Angeles Capital Management LLC (0.23%). 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.
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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 $76.31.

General Mills (NYSE:GIS) has a market capitalization of $44.99 billion and generates $18.99 billion in revenue each year. The company earns $2.71 billion in net income (profit) each year or $4.79 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.