General Mills - GIS Stock Forecast, Price & News

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 Price Performance

Shares of General Mills stock opened at $77.00 on Friday. The stock's 50-day simple moving average is $72.72 and its 200-day simple moving average is $69.91. General Mills has a 52 week low of $56.67 and a 52 week high of $78.24. The company has a market capitalization of $45.98 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 2.58 and a beta of 0.35. The company has a quick ratio of 0.40, a current ratio of 0.63 and a debt-to-equity ratio of 0.85.

General Mills (NYSE:GIS - Get Rating) last posted its 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. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.81 billion. General Mills had a return on equity of 23.74% and a net margin of 14.25%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. As a group, analysts expect that General Mills will post 4 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, July 7th. Shareholders of record on Friday, July 8th were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, July 7th. General Mills's payout ratio is 48.87%.

Analyst Ratings Changes

Several equities analysts recently issued reports on GIS shares. Citigroup boosted their price target on shares of General Mills from $82.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, June 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on General Mills from $75.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, June 30th. Credit Suisse Group set a $74.00 price objective on General Mills in a research note on Tuesday, July 19th. Piper Sandler lifted their price objective on General Mills from $75.00 to $80.00 and gave the company an "overweight" rating in a research note on Thursday, June 30th. Finally, BMO Capital Markets lifted their target price on General Mills from $66.00 to $80.00 and gave the stock a "market perform" rating in a report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, General Mills has a consensus rating of "Hold" and an average price target of $72.73.

Insider Activity

In other General Mills news, insider Sean N. Walker sold 29,489 shares of the business's stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $75.00, for a total value of $2,211,675.00. Following the completion of the transaction, the insider now directly owns 89,989 shares in the company, valued at $6,749,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Sean N. Walker sold 29,489 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $75.00, for a total transaction of $2,211,675.00. Following the transaction, the insider now owns 89,989 shares in the company, valued at $6,749,175. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Mark A. Pallot sold 2,255 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $74.66, for a total transaction of $168,358.30. Following the transaction, the chief accounting officer now owns 17,087 shares in the company, valued at approximately $1,275,715.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,422 shares of company stock valued at $4,397,556. 0.53% of the stock is currently owned by company insiders.