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NYSE:GIS

General Mills - GIS Stock Forecast, Price & News

$76.84
-0.12 (-0.16%)
(As of 08/12/2022 11:52 AM ET)
Add
Compare
Today's Range
$76.78
$77.28
50-Day Range
$66.23
$77.58
52-Week Range
$56.67
$78.24
Volume
54,756 shs
Average Volume
3.37 million shs
Market Capitalization
$45.77 billion
P/E Ratio
17.38
Dividend Yield
2.78%
Price Target
$72.73

General Mills MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
5.5% Downside
$72.73 Price Target
Short Interest
Healthy
2.50% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.28
Upright™ Environmental Score
News Sentiment
0.12mentions of General Mills in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$4.40 M Sold Last Quarter
Proj. Earnings Growth
7.00%
From $4.00 to $4.28 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Consumer Staples Sector

67th out of 147 stocks

Grain Mill Products Industry

4th out of 6 stocks

GIS stock logo

About General Mills (NYSE:GIS) Stock

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.

Analyst Ratings Changes

A number of analysts have recently issued reports on GIS shares. BMO Capital Markets increased their price objective on shares of General Mills from $66.00 to $80.00 and gave the stock a "market perform" rating in a research note on Thursday, June 30th. Morgan Stanley raised their target price on shares of General Mills from $56.00 to $66.00 and gave the company an "underweight" rating in a research note on Friday, July 1st. Citigroup raised their target price on shares of General Mills from $82.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, June 30th. Royal Bank of Canada raised their target price on shares of General Mills from $66.00 to $68.00 and gave the company a "sector perform" rating in a research note on Friday, July 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of General Mills from $75.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $72.73.

General Mills Stock Performance

NYSE:GIS opened at $76.96 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.40 and a current ratio of 0.63. The company has a fifty day moving average of $72.56 and a two-hundred day moving average of $69.86. The stock has a market capitalization of $45.96 billion, a PE ratio of 17.41, a P/E/G ratio of 2.57 and a beta of 0.35. General Mills has a fifty-two week low of $56.67 and a fifty-two week high of $78.24.

General Mills (NYSE:GIS - Get Rating) last announced its quarterly earnings data on Wednesday, June 29th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.81 billion. General Mills had a net margin of 14.25% and a return on equity of 23.74%. General Mills's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. As a group, research analysts forecast that General Mills will post 4 earnings per share for the current fiscal year.

General Mills Announces Dividend

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

Insider Transactions at General Mills

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

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GIS Stock News Headlines

These Consumer Stocks Will Thrive And Here’s Why  (GIS)
The outlook for consumer spending is getting darker by the day but the bad news is not universal. While some companies are poorly positioned in regards to inflation, interest rate hikes, and the combined impact on consumer spending there are others that are not.
General Mills Is Bringing Back 4 Classic '80s Cereals
3 Reasons to Buy This Blue Chip Dividend Stock
See More Headlines
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GIS Company Calendar

Last Earnings
6/29/2022
Ex-Dividend for 7/7 Dividend
7/07/2022
Dividend Payable
7/07/2022
Ex-Dividend for 8/1 Dividend
7/07/2022
Dividend Payable
8/01/2022
Today
8/12/2022
Next Earnings (Estimated)
9/28/2022
Fiscal Year End
5/31/2023

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Packaged Foods & Meats
CUSIP
37033410
Employees
32,500
Year Founded
1928

Price Target and Rating

Average Stock Price Forecast
$72.73
High Stock Price Forecast
$88.00
Low Stock Price Forecast
$64.00
Forecasted Upside/Downside
-5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$2.71 billion
Pretax Margin
16.90%

Debt

Sales & Book Value

Annual Sales
$18.99 billion
Cash Flow
$4.95 per share
Book Value
$18.07 per share

Miscellaneous

Free Float
593,993,000
Market Cap
$45.77 billion
Optionable
Optionable
Beta
0.35

Social Links















GIS Stock - Frequently Asked Questions

Should I buy or sell General Mills stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.

What is General Mills' stock price forecast for 2022?

11 brokerages have issued 12 month price targets for General Mills' shares. Their GIS share price forecasts range from $64.00 to $88.00. On average, they expect the company's stock price to reach $72.73 in the next twelve months. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for GIS
or view top-rated stocks among Wall Street analysts.

How have GIS shares performed in 2022?

General Mills' stock was trading at $67.38 at the beginning of the year. Since then, GIS shares have increased by 14.2% and is now trading at $76.96.
View the best growth stocks for 2022 here
.

When is General Mills' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 28th 2022.
View our GIS earnings forecast
.

How were General Mills' earnings last quarter?

General Mills, Inc. (NYSE:GIS) issued its quarterly earnings results on Wednesday, June, 29th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.01 by $0.11. The company earned $4.89 billion during the quarter, compared to analysts' expectations of $4.81 billion. General Mills had a net margin of 14.25% and a trailing twelve-month return on equity of 23.74%. General Mills's revenue 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.
Read the conference call transcript
.

How often does General Mills pay dividends? What is the dividend yield for General Mills?

General Mills announced a dividend on Wednesday, June 29th. Investors of record on Friday, July 8th will be given a dividend of $0.54 per share on Thursday, July 7th. The ex-dividend date of this dividend is Thursday, July 7th.
Read our dividend analysis for GIS
.

Is General Mills a good dividend stock?

General Mills (NYSE:GIS) pays an annual dividend of $2.16 per share and currently has a dividend yield of 2.78%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 50.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GIS.

What guidance has General Mills issued on next quarter's earnings?

General Mills issued an update on its FY 2023 earnings guidance on Wednesday, July, 27th. The company provided earnings per share guidance of $3.94-$4.06 for the period, compared to the consensus EPS estimate of $3.96. The company issued revenue guidance of -.

What is Jeff Harmening's approval rating as General Mills' CEO?

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.

What other stocks do shareholders of General Mills own?

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).

What is General Mills' stock symbol?

General Mills trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIS."

Who are General Mills' major shareholders?

General Mills' stock is owned by a number of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.75%), Deutsche Bank AG (0.46%), Swiss National Bank (0.44%), US Bancorp DE (0.36%), Cooke & Bieler LP (0.33%) and Sumitomo Mitsui Trust Holdings Inc. (0.30%). Insiders that own company stock include Bethany C Quam, Dana M Mcnabb, Jacqueline Williams-Roll, Jodi J Benson, John R Church, Jonathon Nudi, Kofi A Bruce, Mark A Pallot, R Kerry Clark, Richard C Allendorf, Sean N Walker and Shawn P Ogrady.
View institutional ownership trends
.

How do I buy shares of General Mills?

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.
Compare Top Brokerages Here.

What is General Mills' stock price today?

One share of GIS stock can currently be purchased for approximately $76.96.

How much money does General Mills make?

General Mills (NYSE:GIS) has a market capitalization of $45.96 billion and generates $18.99 billion in revenue each year. The company earns $2.71 billion in net income (profit) each year or $4.42 on an earnings per share basis.

How many employees does General Mills have?

The company employs 32,500 workers across the globe.

Does General Mills have any subsidiaries?

The following companies are subsidiares of General Mills: Annie’s, Annie’s, Blue Buffalo, Blue Buffalo Company Ltd., Blue Buffalo Pet Products, C.P.D. Cereal Partners Deutschland Gmbh & Co. Ohg, C.P.W. Hellas Breakfast Cereals Societe Anonyme, C.P.W. Mexico S. De R.L. De C.V., CEREAL PARTNERS ESPANA A.E.I.E., CEREAL PARTNERS U.K., CP MIDDLE EAST FZCO, CPW HONG KONG LIMITED, CPW NEW ZEALAND, Carolina Administracao e Participacoes Societarias Ltda., Carolina Laticínios, Cereal Associados Portugal A.E.I.E., Cereal Partners (Malaysia) Sdn. Bhd., Cereal Partners Australia Pty Limited, Cereal Partners France Snc, Cereal Partners Gida Ticaret Limited Sirketi, Cereal Partners Mexico S.A. De C.V., Cereal Partners Poland Torun-Pacific Sp. Z.O.O., Cereal Partners Rus Llc, Cereales C.P.W. Chile Limitada (Srl), Cpw Ama Dwc—Llc, Cpw Brasil Ltda., Cpw Operations S.A.R.L., Cpw Philippines Inc., Cpw S.A., Cpw Singapore (Pte.) Ltd., EPIC Provisions, Food Should Taste Good, General Mills Capital Inc., General Mills Finance Inc., General Mills Holding B.V., General Mills Holding K (Netherlands) B.V., General Mills Maarssen Holding Inc., General Mills Marketing Inc., General Mills Operations Llc, Gm Cereals Holdings Inc., Gm Cereals Manager Inc., Haagen-Dazs Japan Inc., Haagen-Dazs Korea Co. Ltd., Haagen-Dazs Nederland B.V., Humm Foods, Humm Foods, Parampara Food Products, Saxby Bros, The Pillsbury Company, The Pillsbury Company Llc, Tyson Foods, Yoki Alimentos, Yoplait, and Yoplait.
Read More

When was General Mills founded?

General Mills was founded in 1928.

How can I contact General Mills?

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.

This page (NYSE:GIS) was last updated on 8/12/2022 by MarketBeat.com Staff

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