General Mills - GIS Stock Forecast, Price & News

16 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, 9 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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16 brokerages have issued twelve-month target prices for General Mills' shares. Their GIS share price forecasts range from $71.00 to $96.00. On average, they predict the company's share price to reach $83.88 in the next twelve months. This suggests that the stock has a possible downside of 1.2%.
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General Mills' stock was trading at $83.85 at the beginning of the year. Since then, GIS shares have increased by 1.2% and is now trading at $84.88.
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General Mills saw a drop in short interest during the month of February. As of February 28th, there was short interest totaling 12,560,000 shares, a drop of 11.7% from the February 13th total of 14,230,000 shares. Based on an average trading volume of 3,570,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.1% of the company's shares are short sold.
View General Mills' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 5th 2023.
View our GIS earnings forecast.

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

General Mills announced 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 yield of 2.54%. The ex-dividend date 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), Amplify YieldShares CWP Dividend & Option Income ETF (DIVO), iShares MSCI Water Management Multisector ETF (IWTR), Invesco S&P 500 Equal Weight Consumer Staples ETF (RHS), Invesco DWA Consumer Staples Momentum ETF (PSL), Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) and ProShares Pet Care ETF (PAWZ).

General Mills (NYSE:GIS) pays an annual dividend of $2.16 per share and currently has a dividend yield of 2.63%. 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 48.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIS.

General Mills updated its FY 2023 earnings guidance on Thursday, March, 23rd. The company provided earnings per share guidance of $4.26-$4.30 for the period, compared to the consensus EPS 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 many different retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.93%), Moneta Group Investment Advisors LLC (1.88%), Charles Schwab Investment Management Inc. (1.52%), Morgan Stanley (1.40%), Dimensional Fund Advisors LP (0.80%) and Norges Bank (0.77%). 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 $84.88.

General Mills (NYSE:GIS) has a market capitalization of $50.05 billion and generates $19.96 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.