General Mills (GIS) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for General Mills (NYSE: GIS):

• 9/20/2024 – General Mills had its price target raised by analysts at TD Cowen from $72.00 to $75.00. They now have a “hold” rating on the stock.
• 9/20/2024 – General Mills had its price target raised by analysts at Barclays PLC from $67.00 to $74.00. They now have an “equal weight” rating on the stock.
• 9/19/2024 – General Mills had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.
• 9/19/2024 – General Mills had its price target raised by analysts at Piper Sandler from $74.00 to $84.00. They now have an “overweight” rating on the stock.
• 9/19/2024 – General Mills had its price target raised by analysts at Stifel Nicolaus from $70.00 to $82.00. They now have a “buy” rating on the stock.
• 9/16/2024 – General Mills had its price target raised by analysts at Citigroup Inc. from $68.00 to $76.00. They now have a “neutral” rating on the stock.
• 9/13/2024 – General Mills had its price target raised by analysts at Wells Fargo & Company from $67.00 to $75.00. They now have an “equal weight” rating on the stock.
• 9/12/2024 – General Mills had its price target raised by analysts at Bank of America Co. from $68.00 to $75.00. They now have a “neutral” rating on the stock.
• 8/12/2024 – General Mills is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $76.00 price target on the stock.

General Mills Trading Down 0.6 %

Shares of GIS stock opened at $73.77 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.38 and a current ratio of 0.65. The stock has a market capitalization of $41.17 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. The company has a 50 day moving average price of $70.36 and a 200 day moving average price of $68.69. General Mills, Inc. has a fifty-two week low of $60.33 and a fifty-two week high of $75.90.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, September 18th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities research analysts predict that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, October 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. General Mills’s dividend payout ratio is currently 55.68%.

Insider Buying and Selling

In related news, insider Pankaj Mn Sharma sold 2,325 shares of General Mills stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $74.63, for a total value of $173,514.75. Following the completion of the transaction, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.

Institutional Trading of General Mills

Several institutional investors have recently modified their holdings of GIS. Rise Advisors LLC lifted its position in shares of General Mills by 199.3% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of General Mills by 409.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock worth $29,000 after buying an additional 336 shares during the last quarter. Fortis Group Advisors LLC lifted its position in shares of General Mills by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock worth $30,000 after buying an additional 229 shares during the last quarter. RFP Financial Group LLC lifted its position in shares of General Mills by 66.3% during the 1st quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after buying an additional 173 shares during the last quarter. Finally, Perkins Coie Trust Co increased its holdings in shares of General Mills by 769.2% in the 1st quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.