General Mills - GIS Stock Forecast, Price & News

15 Wall Street 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 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 brokerages have issued twelve-month target prices for General Mills' shares. Their GIS share price forecasts range from $64.00 to $90.00. On average, they predict the company's share price to reach $78.20 in the next twelve months. This suggests that the stock has a possible downside of 9.6%.
View analysts price targets for GIS or view top-rated stocks among Wall Street analysts.

General Mills' stock was trading at $67.38 at the beginning of the year. Since then, GIS shares have increased by 28.4% and is now trading at $86.52.
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General Mills saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 15,010,000 shares, an increase of 12.7% from the October 31st total of 13,320,000 shares. Based on an average trading volume of 3,880,000 shares, the days-to-cover ratio is presently 3.9 days. Approximately 2.5% of the shares of the company are sold short.
View General Mills' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 20th 2022.
View our GIS earnings forecast.

General Mills, Inc. (NYSE:GIS) issued its earnings results on Wednesday, September, 21st. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.11. The business earned $4.72 billion during the quarter, compared to the consensus estimate of $4.72 billion. General Mills had a net margin of 15.13% and a trailing twelve-month return on equity of 23.87%. General Mills's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS.
Read the conference call transcript.

General Mills announced a quarterly dividend on Monday, November 14th. Investors of record on Tuesday, January 10th will be paid a dividend of $0.54 per share on Wednesday, February 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, January 9th.
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 2.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 49.54% 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 Wednesday, October, 19th. The company provided EPS guidance of $4.02-$4.14 for the period, compared to the consensus earnings per share estimate of $4.00. 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.70%), BlackRock Inc. (8.66%), State Street Corp (5.68%), Bank of New York Mellon Corp (0.87%), Dimensional Fund Advisors LP (0.84%) and UBS Asset Management Americas Inc. (0.80%). 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 $86.52.

General Mills (NYSE:GIS) has a market capitalization of $51.35 billion and generates $18.99 billion in revenue each year. The company earns $2.71 billion in net income (profit) each year or $4.75 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.