General Mills - GIS Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 3 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.
View GIS analyst ratings or view top-rated stocks.

12 brokers have issued 1-year price targets for General Mills' stock. Their GIS share price forecasts range from $64.00 to $88.00. On average, they expect the company's stock price to reach $76.83 in the next year. This suggests that the stock has a possible downside of 2.5%.
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 start of the year. Since then, GIS stock has increased by 16.9% and is now trading at $78.79.
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General Mills saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 14,600,000 shares, an increase of 10.7% from the August 31st total of 13,190,000 shares. Based on an average daily volume of 3,970,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 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) announced its earnings results on Wednesday, September, 21st. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.00 by $0.11. The company had revenue of $4.72 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.99 earnings per share.
Read the conference call transcript.

General Mills declared a quarterly dividend on Tuesday, September 27th. Investors of record on Monday, October 10th will be paid a dividend of $0.54 per share on Tuesday, November 1st. This represents a $2.16 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, October 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 2.77%. 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 49.66% 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, September, 28th. The company provided EPS guidance of $4.02-$4.14 for the period, compared to the consensus EPS 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 number of institutional and retail investors. Top institutional shareholders include State Street Corp (5.89%), Northern Trust Corp (1.28%), Legal & General Group Plc (0.86%), UBS Asset Management Americas Inc. (0.80%), Renaissance Technologies LLC (0.77%) and California Public Employees Retirement System (0.75%). 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 $78.79.

General Mills (NYSE:GIS) has a market capitalization of $46.76 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.