Brokerages Set General Mills, Inc. (NYSE:GIS) PT at $39.16

General Mills, Inc. (NYSE:GIS) has received an average recommendation of “Reduce” from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $39.1579.

Several equities analysts have recently weighed in on GIS shares. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price objective on shares of General Mills in a report on Tuesday, June 2nd. Sanford C. Bernstein cut General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their price target on General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. UBS Group set a $33.00 price target on General Mills in a research report on Monday, July 6th. Finally, Piper Sandler dropped their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th.

General Mills Stock Performance

Shares of GIS opened at $37.94 on Tuesday. General Mills has a 12 month low of $31.75 and a 12 month high of $51.33. The firm has a fifty day simple moving average of $36.20 and a 200 day simple moving average of $37.87. The stock has a market capitalization of $20.25 billion, a price-to-earnings ratio of -210.77 and a beta of -0.03. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts forecast that General Mills will post 3.07 EPS for the current fiscal year.

General Mills Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, July 10th. General Mills’s payout ratio is presently -1,355.56%.

Institutional Trading of General Mills

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Reflection Asset Management acquired a new position in shares of General Mills during the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills in the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC lifted its stake in General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the last quarter. Zions Bancorporation National Association UT grew its holdings in General Mills by 248.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after purchasing an additional 449 shares during the period. Finally, Binnacle Investments Inc grew its holdings in General Mills by 312.5% during the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares during the period. 75.71% of the stock is owned by institutional investors.

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.