General Mills (NYSE:GIS) Reaches New 52-Week Low – Here’s Why

General Mills, Inc. (NYSE:GIS)’s stock price reached a new 52-week low on Monday . The stock traded as low as $44.97 and last traded at $44.7170, with a volume of 1726614 shares. The stock had previously closed at $45.72.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group reiterated a “sell” rating on shares of General Mills in a research note on Friday, December 19th. Stifel Nicolaus cut their target price on shares of General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Mizuho lowered their price target on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. Wells Fargo & Company set a $49.00 price objective on General Mills in a research report on Monday. Finally, Sanford C. Bernstein set a $54.00 target price on General Mills and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.33.

General Mills Trading Down 1.9%

The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $23.92 billion, a P/E ratio of 9.64, a PEG ratio of 0.85 and a beta of -0.06. The firm has a 50 day moving average of $46.91 and a 200-day moving average of $48.99.

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

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be given a dividend of $0.61 per share. The ex-dividend date is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.4%. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of General Mills

Large investors have recently bought and sold shares of the business. Arkfeld Wealth Strategies L.L.C. raised its position in General Mills by 5.0% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 4,184 shares of the company’s stock valued at $217,000 after buying an additional 200 shares during the last quarter. J2 Capital Management Inc grew its stake in shares of General Mills by 3.1% in the 2nd quarter. J2 Capital Management Inc now owns 6,846 shares of the company’s stock worth $355,000 after acquiring an additional 203 shares in the last quarter. Alpha Omega Wealth Management LLC raised its holdings in shares of General Mills by 5.0% in the second quarter. Alpha Omega Wealth Management LLC now owns 4,414 shares of the company’s stock valued at $229,000 after purchasing an additional 209 shares during the last quarter. Guardian Wealth Advisors LLC lifted its position in shares of General Mills by 2.7% during the second quarter. Guardian Wealth Advisors LLC now owns 7,885 shares of the company’s stock valued at $409,000 after purchasing an additional 209 shares in the last quarter. Finally, Austin Private Wealth LLC boosted its holdings in General Mills by 5.0% during the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock worth $224,000 after purchasing an additional 211 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

About General Mills

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.