General Mills, Inc. (NYSE:GIS) Receives $39.37 Average Target Price from Analysts

Shares of General Mills, Inc. (NYSE:GIS) have been given a consensus recommendation of “Reduce” by the twenty-two research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $39.3684.

A number of analysts have issued reports on GIS shares. TD Cowen cut their target price on General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Piper Sandler dropped their price objective on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. JPMorgan Chase & Co. raised their price objective on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Barclays cut their price objective on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th.

Hedge Funds Weigh In On General Mills

Several hedge funds and other institutional investors have recently made changes to their positions in GIS. Reflection Asset Management purchased a new position in General Mills in the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC purchased a new position in shares of General Mills in the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its position in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares in the last quarter. Zions Bancorporation National Association UT raised its position in shares of General Mills by 248.1% during the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after acquiring an additional 449 shares in the last quarter. Finally, Binnacle Investments Inc lifted its stake 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 last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Stock Up 0.2%

Shares of NYSE:GIS opened at $38.36 on Friday. The business has a 50-day moving average price of $37.89 and a 200 day moving average price of $37.11. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of -213.10, a PEG ratio of 2.08 and a beta of -0.01. General Mills has a 12-month low of $31.75 and a 12-month high of $51.33.

General Mills (NYSE:GIS) last issued its quarterly earnings data 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. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. General Mills’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Sell-side analysts expect that General Mills will post 3.06 EPS for the current year.

General Mills Dividend Announcement

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

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.