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General Mills (GIS) Stock Price, News & Analysis

$64.07
+0.36 (+0.57%)
(As of 02/8/2024 ET)
Today's Range
$63.22
$64.67
50-Day Range
$62.83
$67.83
52-Week Range
$60.33
$90.89
Volume
4.00 million shs
Average Volume
4.13 million shs
Market Capitalization
$36.39 billion
P/E Ratio
15.59
Dividend Yield
3.68%
Price Target
$72.67

General Mills MarketRank™ Stock Analysis

Analyst Rating
Hold
2.06 Rating Score
Upside/​Downside
13.4% Upside
$72.67 Price Target
Short Interest
Healthy
2.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.28
Upright™ Environmental Score
News Sentiment
0.72mentions of General Mills in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$4.36 M Sold Last Quarter
Proj. Earnings Growth
2.67%
From $4.49 to $4.61 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Consumer Staples Sector

9th out of 134 stocks

Grain Mill Products Industry

1st out of 6 stocks


GIS stock logo

About General Mills Stock (NYSE:GIS)

General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, 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 and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also 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, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, Muir Glen, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Top Chews Naturals, Totino's, Trix, True Chews, Wanchai Ferry, Wheaties, Wilderness, Yoki, Reese's Puffs, Green Giant, 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. In addition, the company operates ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.

GIS Stock Price History

GIS Stock News Headlines

Executive leadership changes continue at General Mills
Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
General Mills: Losing Market Share To Store Brands
A Weird Income Tactic So Simple and So Lucrative...
It Has Billionaires JOKING About It! There's an unusual income tactic Warren Buffett has relied on time and time again for BILLIONS in dividend payouts. Carl Icahn once joked it was "like taking candy from a baby."  
20 Highest Quality Ice Cream Brands in the US
General Mills (NYSE:GIS) Now Covered by Citigroup
General Mills Inc GIS
General Mills Elects Two New Board Members
15 High Quality Dry Cat Food Brands in the US
See More Headlines
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Company Calendar

Last Earnings
12/20/2023
Ex-Dividend for 2/1 Dividend
1/09/2024
Dividend Payable
2/01/2024
Today
2/08/2024
Next Earnings (Estimated)
3/28/2024
Fiscal Year End
5/31/2024

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Packaged Foods & Meats
CUSIP
37033410
Employees
34,000
Year Founded
1928

Price Target and Rating

Average Stock Price Target
$72.67
High Stock Price Target
$96.00
Low Stock Price Target
$58.00
Potential Upside/Downside
+13.4%
Consensus Rating
Hold
Rating Score (0-4)
2.06
Research Coverage
16 Analysts

Profitability

Net Income
$2.59 billion
Pretax Margin
14.53%

Debt

Sales & Book Value

Annual Sales
$20.09 billion
Cash Flow
$5.29 per share
Book Value
$18.28 per share

Miscellaneous

Free Float
566,537,000
Market Cap
$36.38 billion
Optionable
Optionable
Beta
0.16

Social Links

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Should I Buy General Mills Stock? GIS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of General Mills was last updated on Tuesday, February 6, 2024 at 8:34 PM.

Pros

Here are some ways that investors could benefit from investing in General Mills, Inc.:

  • General Mills, Inc. operates in the packaged foods industry, which is known for its stability and consistent demand.
  • The company has a diverse product portfolio, offering a wide range of consumer foods including grain, ready-to-eat cereals, yogurt, soup, meal kits, and more.
  • General Mills, Inc. has a strong presence in both domestic and international markets, providing opportunities for growth and expansion.
  • The company has a history of innovation and adapting to changing consumer preferences, including offering organic products and catering to specific dietary needs.
  • General Mills, Inc. has a track record of delivering consistent financial performance, with a focus on generating shareholder value.

Cons

Investors should be bearish about investing in General Mills, Inc. for these reasons:

  • The packaged foods industry is highly competitive, with many established players and potential threats from new entrants.
  • General Mills, Inc. faces risks related to commodity price fluctuations, as its products rely on ingredients such as grains and dairy.
  • The company's performance may be impacted by changing consumer preferences and trends, requiring continuous innovation and adaptation.
  • General Mills, Inc. operates in a regulated industry, with potential risks related to food safety and labeling regulations.
  • Investors should consider the current stock price and conduct thorough analysis of the company's financials and market conditions before making investment decisions.














GIS Stock Analysis - Frequently Asked Questions

Should I buy or sell General Mills stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last year. There are currently 2 sell ratings, 11 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.

What is General Mills' stock price target for 2024?

16 Wall Street analysts have issued 1-year target prices for General Mills' shares. Their GIS share price targets range from $58.00 to $96.00. On average, they expect the company's share price to reach $72.67 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for GIS
or view top-rated stocks among Wall Street analysts.

How have GIS shares performed in 2024?

General Mills' stock was trading at $65.14 at the beginning of 2024. Since then, GIS shares have decreased by 1.6% and is now trading at $64.07.
View the best growth stocks for 2024 here
.

When is General Mills' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 28th 2024.
View our GIS earnings forecast
.

How were General Mills' earnings last quarter?

General Mills, Inc. (NYSE:GIS) posted its quarterly earnings results on Wednesday, December, 20th. The company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.09. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.35 billion. General Mills had a trailing twelve-month return on equity of 25.44% and a net margin of 12.06%. General Mills's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS.
Read the conference call transcript
.

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

General Mills announced a quarterly dividend on Tuesday, January 30th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.59 per share on Wednesday, May 1st. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Tuesday, April 9th.
Read our dividend analysis for GIS
.

Is General Mills a good dividend stock?

General Mills (NYSE:GIS) pays an annual dividend of $2.36 per share and currently has a dividend yield of 3.64%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 57.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GIS will have a dividend payout ratio of 51.19% 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 2024 earnings guidance on Wednesday, December, 20th. The company provided earnings per share (EPS) guidance of 4.470-4.520 for the period, compared to the consensus EPS estimate of 4.470. 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).

Who are General Mills' major shareholders?

General Mills' stock is owned by a variety of institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (1.18%), Dimensional Fund Advisors LP (0.88%), Nordea Investment Management AB (0.88%), California Public Employees Retirement System (0.63%), Massachusetts Financial Services Co. MA (0.61%) and abrdn plc (0.39%). 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
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:GIS) was last updated on 2/8/2024 by MarketBeat.com Staff

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