General Mills, Inc. Announces Quarterly Dividend of $0.61 (NYSE:GIS)

General Mills, Inc. (NYSE:GIS) declared a quarterly dividend on Monday, January 26th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.61 per share on Friday, May 1st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Friday, April 10th.

General Mills has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. General Mills has a dividend payout ratio of 58.2% meaning its dividend is sufficiently covered by earnings. Analysts expect General Mills to earn $4.46 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 54.7%.

General Mills Trading Up 0.0%

Shares of NYSE:GIS traded up $0.01 on Wednesday, hitting $44.72. The company had a trading volume of 2,004,080 shares, compared to its average volume of 8,345,976. The firm’s 50-day simple moving average is $46.05 and its two-hundred day simple moving average is $48.06. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 9.62 and a beta of -0.06. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. General Mills has a 1 year low of $42.78 and a 1 year high of $67.35.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. General Mills’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities analysts anticipate that General Mills will post 4.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GIS shares. Weiss Ratings lowered General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Piper Sandler reissued an “overweight” rating and set a $60.00 price objective on shares of General Mills in a research report on Thursday, December 18th. UBS Group reaffirmed a “sell” rating on shares of General Mills in a research report on Friday, December 19th. Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Finally, Morgan Stanley set a $47.00 price objective on shares of General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th. Five research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.33.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.