General Mills - GIS Stock Forecast, Price & News

12 Wall Street equities 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 equities 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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12 equities research analysts have issued 12 month 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 2.3%.
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 16.7% and is now trading at $78.66.
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General Mills saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 13,190,000 shares, a decrease of 7.6% from the August 15th total of 14,270,000 shares. Based on an average trading volume of 3,690,000 shares, the short-interest ratio is currently 3.6 days. Approximately 2.2% of the company's shares 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) posted its quarterly earnings results on Wednesday, September, 21st. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.72 billion. General Mills had a trailing twelve-month return on equity of 23.87% and a net margin of 15.13%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS.
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General Mills announced a dividend on Wednesday, June 29th. Shareholders of record on Friday, July 8th will be paid 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.

General Mills (NYSE:GIS) pays an annual dividend of $2.16 per share and currently has a dividend yield of 2.73%. 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 updated its FY 2023 earnings guidance on Wednesday, September, 21st. The company provided earnings per share 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 investors 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.
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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 $78.66.

General Mills (NYSE:GIS) has a market capitalization of $46.86 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.