General Mills (GIS) Expected to Announce Earnings on Wednesday

General Mills (NYSE:GIS) is projected to release its earnings data before the market opens on Wednesday, March 19th. Analysts expect General Mills to post earnings of $0.96 per share and revenue of $4.99 billion for the quarter. General Mills has set its FY 2025 guidance at 4.380-4.480 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period last year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect General Mills to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

General Mills Price Performance

GIS opened at $59.53 on Monday. The company’s 50 day simple moving average is $60.10 and its 200 day simple moving average is $65.62. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills has a 1 year low of $55.15 and a 1 year high of $75.90. The stock has a market capitalization of $32.82 billion, a PE ratio of 12.94, a P/E/G ratio of 1.94 and a beta of 0.06.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.03%. General Mills’s dividend payout ratio is presently 52.17%.

Insider Buying and Selling

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares in the company, valued at $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GIS. Bank of America decreased their target price on shares of General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group lifted their price target on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Wells Fargo & Company reduced their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Mills from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $67.71.

About General Mills

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.