About General Mills (NYSE:GIS)
General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice. Its products are marketed under various brands, which include Annie's and Betty Crocker. The Company's U.S. Retail segment reflects business with a range of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers operating throughout the United States. The International segment consists of retail and foodservice businesses outside of the United States. The Convenience Stores and Foodservice segment's product categories include ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes.
Industry, Sector and Symbol:
- Sector: Consumer Staples
- Industry: Food Processing
- Sub-Industry: Packaged Foods & Meats
- Symbol: NYSE:GIS
- CUSIP: 37033410
- Web: www.generalmills.com
- Market Cap: $29.55929 billion
- Outstanding Shares: 568,338,000
- 50 Day Moving Avg: $52.81
- 200 Day Moving Avg: $55.37
- 52 Week Range: $50.12 - $64.06
Sales & Book Value:
- Trailing P/E Ratio: 18.51
- Foreward P/E Ratio: 15.95
- P/E Growth: 2.82
- Annual Revenue: $15.48 billion
- Price / Sales: 1.90
- Book Value: $6.87 per share
- Price / Book: 7.52
- Annual Dividend: $1.96
- Dividend Yield: 3.8%
- EBITDA: $3.32 billion
- Net Margins: 10.68%
- Return on Equity: 39.82%
- Return on Assets: 8.16%
- Debt-to-Equity Ratio: 1.83%
- Current Ratio: 0.74%
- Quick Ratio: 0.47%
- Average Volume: 4.10 million shs.
- Beta: 0.62
- Short Ratio: 3.93
Frequently Asked Questions for General Mills (NYSE:GIS)
What is General Mills' stock symbol?
General Mills trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIS."
How often does General Mills pay dividends? What is the dividend yield for General Mills?
General Mills declared a quarterly dividend on Tuesday, September 26th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.49 per share on Wednesday, November 1st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, October 6th. View General Mills' Dividend History.
How were General Mills' earnings last quarter?
General Mills, Inc. (NYSE:GIS) issued its quarterly earnings data on Wednesday, September, 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.76 by $0.05. The firm earned $3.77 billion during the quarter, compared to analyst estimates of $3.79 billion. General Mills had a net margin of 10.68% and a return on equity of 39.82%. General Mills's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. View General Mills' Earnings History.
When will General Mills make its next earnings announcement?
What guidance has General Mills issued on next quarter's earnings?
General Mills updated its FY18 earnings guidance on Wednesday, September, 20th. The company provided earnings per share (EPS) guidance of $3.12-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.10.
Where is General Mills' stock going? Where will General Mills' stock price be in 2017?
17 equities research analysts have issued 1 year price targets for General Mills' shares. Their forecasts range from $52.00 to $67.00. On average, they anticipate General Mills' share price to reach $56.27 in the next year. View Analyst Ratings for General Mills.
What are analysts saying about General Mills stock?
Here are some recent quotes from research analysts about General Mills stock:
- 1. According to Zacks Investment Research, "General Mills' consumer-focused innovation, marketing initiatives and robust restructuring savings are making up for the sluggish revenue growth. The company is currently pursuing several initiatives focused on improving operational efficiency to generate cost savings and support its key growth strategies. By fiscal 2018, the company expects to achieve cost savings through increased efficiency, reduced complexity through SKU optimization, further supply chain optimization and continued expansion of zero-based budgeting across the business, which will result in accelerated margin expansion. However, General Mills' shares have underperformed the industry so far this year. Slowing organic volumes are overshadowing minor improvements in profit margins. Earnings estimates for the current quarter and the year have been revised downward by 2.4% and 0.3%, respectively, over the last 30 days, reflecting analyst concerns surrounding the stock." (10/23/2017)
- 2. Royal Bank Of Canada analysts commented, " We are maintaining our FY17e EPS (ending May) but trimming FY18e sales and EPS estimates. This reflects a combination of: 1) sluggish demand as a result of fresh food deflation; and 2) higher promotion spending to defend against recent private label encroachment. While the drag from fresh food deflation should ease by F2H18, we will be watching how effective'and expensive'the company's adjustments prove to be." (3/22/2017)
Are investors shorting General Mills?
General Mills saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 26,454,021 shares, an increase of 8.4% from the September 15th total of 24,400,672 shares. Based on an average daily volume of 5,629,868 shares, the days-to-cover ratio is presently 4.7 days. Approximately 4.7% of the company's shares are sold short.
Who are some of General Mills' key competitors?
Some companies that are related to General Mills include Associated British Foods plc (ABF), Archer-Daniels-Midland Company (ADM), Hershey Company (The) (HSY), Kellogg Company (K), Conagra Brands (CAG), Campbell Soup Company (CPB), McCormick & Company, Incorporated (MKC), Bunge Limited (BG), Ingredion Incorporated (INGR), Darling Ingredients (DAR), B&G Foods (BGS), Central Garden & Pet Company (CENT), Cranswick plc (CWK), Greencore Group plc (GNC), MGP Ingredients (MGPI), Dean Foods Company (DF), SunOpta (STKL) and Hilton Food Group plc (HFG).
Who are General Mills' key executives?
General Mills' management team includes the folowing people:
- Kendall J. Powell, Chairman of the Board
- Jeffrey L. Harmening, Chief Executive Officer, Director
- Donal Leo Mulligan, Chief Financial Officer, Executive Vice President
- Jon J. Nudi, Group President - North America Retail
- Bethany C. Quam, Group President - Europe & Australia
- Jacqueline R. Williams-Roll, Chief Human Resource Officer, Senior Vice President
- John R. Church, Executive Vice President - Supply Chain and Global Business Solutions and Chief Supply Chain Officer
- Peter C. Erickson, Executive Vice President - Innovation, Technology and Quality
- Richard C. Allendorf, Senior Vice President, General Counsel, Secretary
- Christina Law, Senior Vice President, Group President - Asia & Latin America
Who owns General Mills stock?
General Mills' stock is owned by many different of retail and institutional investors. Top institutional shareholders include PGGM Investments (0.16%), Shell Asset Management Co. (0.12%), Hermes Investment Management Ltd. (0.06%), Nationwide Fund Advisors (0.05%), Ingalls & Snyder LLC (0.05%) and Park National Corp OH (0.04%). Company insiders that own General Mills stock include Donal L Mulligan, Dorothy A Terrell, Jeffrey L Harmening, Jerald A Young, John R Church, Jonathon Nudi, Kimberly A Nelson, Michael D Rose, Paul Danos, Peter C Erickson and Robert L Ryan. View Institutional Ownership Trends for General Mills.
Who sold General Mills stock? Who is selling General Mills stock?
General Mills' stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Robeco Institutional Asset Management B.V., Financial Architects Inc, PGGM Investments, State Treasurer State of Michigan, Foster & Motley Inc., BB&T Corp and Park National Corp OH. View Insider Buying and Selling for General Mills.
Who bought General Mills stock? Who is buying General Mills stock?
General Mills' stock was bought by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Pensionfund DSM Netherlands, Nationwide Fund Advisors, Hermes Investment Management Ltd., Pensionfund Sabic, Quantitative Systematic Strategies LLC, Viking Fund Management LLC and Curbstone Financial Management Corp. View Insider Buying and Selling for General Mills.
How do I buy General Mills stock?
Shares of General Mills can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is General Mills' stock price today?
MarketBeat Community Rating for General Mills (NYSE GIS)MarketBeat's community ratings are surveys of what our community members think about General Mills and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of General Mills stock can currently be purchased for approximately $51.67.
Consensus Ratings for General Mills (NYSE:GIS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 13 Hold Ratings, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 1.88)|
|Consensus Price Target: ||$56.27 (8.90% upside)|Consensus Price Target History for General Mills (NYSE:GIS)
Analysts' Ratings History for General Mills (NYSE:GIS)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/23/2017||Royal Bank Of Canada||Set Price Target||Hold||$58.00||N/A|
|10/20/2017||Jefferies Group LLC||Initiated Coverage||Hold -> Hold||$56.00||N/A|
|10/17/2017||Susquehanna Bancshares Inc||Set Price Target||Hold||$56.00||N/A|
|10/4/2017||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Sell||Low|
|9/25/2017||Credit Suisse Group||Reiterated Rating||Neutral||$53.00||Low|
|9/22/2017||Wells Fargo & Company||Lower Price Target||Market Perform||$56.00 -> $53.00||Low|
|9/21/2017||Piper Jaffray Companies||Reiterated Rating||Sell||$53.00||Low|
|9/21/2017||BMO Capital Markets||Reiterated Rating||Market Perform||$60.00 -> $57.00||Low|
|9/21/2017||Citigroup Inc.||Reiterated Rating||Buy||$67.00||Low|
|9/21/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$55.00 -> $52.00||Low|
|9/21/2017||Bank of America Corporation||Lower Price Target||Neutral||$61.00 -> $55.00||Low|
|9/8/2017||Consumer Edge||Upgrade||Sell -> Neutral||Low|
|6/29/2017||Stifel Nicolaus||Lower Price Target||Hold -> Hold||$60.00 -> $55.00||High|
|3/21/2017||Sanford C. Bernstein||Downgrade||Market Perform -> Underperform||$52.00||Medium|
|2/15/2017||Deutsche Bank AG||Initiated Coverage||Hold||$61.00||N/A|
|12/21/2016||Barclays PLC||Lower Price Target||Equal Weight||$66.00 -> $64.00||N/A|
|9/27/2016||S&P Equity Research||Reiterated Rating||Buy||$70.00||N/A|
|3/24/2016||J P Morgan Chase & Co||Boost Price Target||Neutral||$58.00 -> $63.00||N/A|
Earnings History for General Mills (NYSE:GIS)Earnings History by Quarter for General Mills (NYSE GIS)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|9/20/2017||Q1 2018||$0.76||$0.71||$3.79 billion||$3.77 billion||View||N/A|
|6/28/2017||Q4 17||$0.71||$0.73||$3.75 billion||$3.81 billion||View||N/A|
|3/21/2017||Q3 2017||$0.71||$0.72||$3.82 billion||$3.79 billion||View||N/A|
|12/20/2016||Q217||$0.86||$0.85||$4.23 billion||$4.10 billion||View||N/A|
|9/21/2016||Q117||$0.75||$0.78||$3.90 billion||$3.91 billion||View||Listen|
|6/29/2016||Q416||$0.60||$0.66||$3.86 billion||$3.93 billion||View||N/A|
|3/23/2016||Q316||$0.62||$0.65||$4.09 billion||$4.00 billion||View||N/A|
|12/17/2015||Q216||$0.83||$0.82||$4.57 billion||$4.42 billion||View||Listen|
|9/22/2015||Q116||$0.69||$0.79||$4.23 billion||$4.21 billion||View||Listen|
|7/1/2015||Q415||$0.71||$0.75||$4.52 billion||$4.30 billion||View||N/A|
|3/18/2015||Q315||$0.67||$0.70||$4.35 billion||$4.35 billion||View||N/A|
|12/17/2014||Q215||$0.76||$0.80||$4.78 billion||$4.71 billion||View||Listen|
|9/17/2014||Q115||$0.69||$0.61||$4.42 billion||$4.27 billion||View||Listen|
|6/25/2014||Q414||$0.72||$0.67||$4.42 billion||$4.28 billion||View||Listen|
|3/19/2014||Q314||$0.65||$0.62||$4.41 billion||$4.38 billion||View||Listen|
|12/18/2013||Q2||$0.88||$0.83||$4.95 billion||$4.88 billion||View||Listen|
|9/18/2013||Q1 2014||$0.70||$0.70||$4.30 billion||$4.37 billion||View||Listen|
|6/26/2013||Q4 2013||$0.53||$0.53||$4.32 billion||$4.40 billion||View||Listen|
|3/20/2013||Q3 2013||$0.57||$0.64||$4.36 billion||$4.43 billion||View||Listen|
|12/19/2012||Q2 2013||$0.79||$0.86||$4.88 billion||$4.88 billion||View||Listen|
|9/19/2012||Q113||$0.63||$0.66||$4.09 billion||$4.05 billion||View||N/A|
|12/16/2010||$0.78||$0.76||$4.11 billion||$4.07 billion||View||N/A|
Earnings Estimates for General Mills (NYSE:GIS)
2018 EPS Consensus Estimate: $2.37
2019 EPS Consensus Estimate: $3.24
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for General Mills (NYSE:GIS)
|Dividend Growth:||9.40% (3 Year Average)|
|Payout Ratio:||70.25% (Trailing 12 Months of Earnings) |
63.23% (Based on This Year's Estimates)
60.49% (Based on Next Year's Estimates)
|Track Record:||13 Years of Consecutive Dividend Growth|
Dividend History by Quarter for General Mills (NYSE GIS)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for General Mills (NYSE:GIS)
Insider Ownership Percentage: 1.40%Insider Trades by Quarter for General Mills (NYSE:GIS)
Institutional Ownership Percentage: 70.39%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|4/12/2017||Jonathon Nudi||Insider||Buy||1,800||$57.45||$103,410.00|| |
|1/11/2017||Robert L Ryan||Director||Sell||20,000||$60.83||$1,216,600.00|| |
|8/18/2016||Michael D Rose||Director||Sell||10,000||$71.11||$711,100.00|| |
|8/15/2016||John R Church||Insider||Sell||99,373||$71.17||$7,072,376.41|| |
|8/10/2016||Jeffrey L Harmening||COO||Sell||33,150||$71.05||$2,355,307.50|| |
|7/15/2016||Jerald A Young||VP||Sell||27,890||$72.03||$2,008,916.70|| |
|7/6/2016||Michael D Rose||Director||Sell||10,000||$72.32||$723,200.00|| |
|7/1/2016||Dorothy A Terrell||Director||Sell||13,556||$71.70||$971,965.20|| |
|7/1/2016||Peter C Erickson||EVP||Sell||83,850||$71.90||$6,028,815.00|| |
|6/30/2016||Paul Danos||Director||Sell||20,000||$71.53||$1,430,600.00|| |
|5/12/2016||Donal L Mulligan||EVP||Sell||45,968||$64.50||$2,964,936.00|| |
|4/5/2016||Dorothy A Terrell||Director||Sell||10,280||$64.51||$663,162.80|| |
|4/4/2016||John R Church||EVP||Sell||78,673||$64.58||$5,080,702.34|| |
|3/17/2016||Kimberly A Nelson||SVP||Sell||83,850||$61.80||$5,181,930.00|| |
|2/16/2016||Jerald A. Young||VP||Sell||8,080||$57.62||$465,569.60|| |
|8/17/2015||Peter C Erickson||EVP||Sell||60,000||$59.34||$3,560,400.00|| |
|7/21/2015||Donal L Mulligan||EVP||Sell||12,000||$57.38||$688,560.00|| |
|5/14/2015||Michael D Rose||Director||Sell||20,000||$56.68||$1,133,600.00|| |
|4/8/2015||John R Church||EVP||Sell||7,250||$55.60||$403,100.00|| |
|4/7/2015||Brillembourg Hilda Ochoa||Director||Sell||60,000||$56.27||$3,376,200.00|| |
|4/7/2015||Kimberly A Nelson||SVP||Sell||14,900||$56.20||$837,380.00|| |
|4/2/2015||Richards Judith Hope||Director||Sell||10,000||$56.55||$565,500.00|| |
|3/30/2015||Paul Danos||Director||Sell||20,000||$55.03||$1,100,600.00|| |
|1/27/2015||Jeffrey L Harmening||EVP||Sell||30,876||$55.18||$1,703,737.68|| |
|1/27/2015||Jerald A Young||VP||Sell||15,000||$54.36||$815,400.00|| |
|1/14/2015||Dorothy A Terrell||Director||Sell||11,398||$52.42||$597,483.16|| |
|12/22/2014||Peter C Erickson||EVP||Sell||26,400||$53.96||$1,424,544.00|| |
|11/12/2014||Jerald A Young||VP||Sell||6,800||$50.96||$346,528.00|| |
|9/22/2014||William T Esrey||Director||Sell||20,000||$50.80||$1,016,000.00|| |
|7/24/2014||Stephen A Odland||Director||Sell||20,000||$52.94||$1,058,800.00|| |
|6/26/2014||Paul Danos||Director||Sell||3,000||$52.06||$156,180.00|| |
|6/2/2014||Paul Danos||Director||Sell||10,000||$55.00||$550,000.00|| |
|4/10/2014||Brillembourg Hilda Ochoa||Director||Sell||16,289||$51.31||$835,788.59|| |
|4/9/2014||Kimberly Nelson||SVP||Sell||52,201||$51.21||$2,673,213.21|| |
|4/7/2014||Richards Judith Hope||Director||Sell||10,000||$52.15||$521,500.00|| |
|3/28/2014||John Church||EVP||Sell||134,912||$51.10||$6,894,003.20|| |
|10/25/2013||Peter C Erickson||EVP||Sell||26,400||$50.00||$1,320,000.00|| |
|10/24/2013||Peter C Erickson||EVP||Sell||6,000||$50.00||$300,000.00|| |
|7/30/2013||Paul Danos||Director||Sell||10,000||$52.00||$520,000.00|| |
|7/11/2013||Y Marc Belton||EVP||Sell||91,008||$50.65||$4,609,555.20|| |
|5/13/2013||Richards Judith Hope||Director||Sell||10,526||$50.06||$526,931.56|| |
|10/4/2012||Brillembourg Hilda Ochoa||Director||Sell||25,976||$40.35||$1,048,131.60|| |
Headline Trends for General Mills (NYSE:GIS)
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General Mills (GIS) Chart for Tuesday, October, 24, 2017