General Mills, Inc. (NYSE:GIS) Receives Average Recommendation of “Reduce” from Analysts

Shares of General Mills, Inc. (NYSE:GIS) have been given a consensus recommendation of “Reduce” by the twenty-two analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $39.3158.

Several equities analysts recently issued reports on the company. Sanford C. Bernstein lowered General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research report on Wednesday, June 3rd. UBS Group set a $33.00 target price on shares of General Mills in a report on Monday, July 6th. Morgan Stanley cut their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, June 5th. BNP Paribas Exane upped their price target on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd.

Hedge Funds Weigh In On General Mills

A number of large investors have recently added to or reduced their stakes in GIS. Reflection Asset Management acquired a new position in shares of General Mills during the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC bought a new position in shares of General Mills during the fourth quarter worth about $26,000. Brown Shipley& Co Ltd acquired a new stake in General Mills in the 1st quarter valued at approximately $26,000. Silvant Capital Management LLC acquired a new stake in General Mills in the 2nd quarter valued at approximately $26,000. Finally, 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 acquiring an additional 337 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills Stock Performance

Shares of General Mills stock opened at $35.87 on Friday. The stock’s fifty day simple moving average is $37.87 and its 200 day simple moving average is $36.93. 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 $19.18 billion, a PE ratio of -199.25, a PEG ratio of 1.96 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 posted its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, research analysts predict that General Mills will post 3.06 EPS for the current year.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s payout ratio is currently -1,355.56%.

General Mills Company Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company’s brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.