General Mills (GIS) Expected to Announce Quarterly Earnings on Wednesday

General Mills (NYSE:GIS - Get Free Report) is projected to post its quarterly earnings results before the market opens on Wednesday, March 19th. Analysts expect General Mills to post earnings of $0.96 per share and revenue of $4.99 billion for the quarter. General Mills has set its FY 2025 guidance at 4.380-4.480 EPS.Investors that wish to register for the company's conference call can do so using this link.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.18. The firm had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.14 billion. General Mills had a net margin of 13.08% and a return on equity of 27.55%. General Mills's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. On average, analysts expect General Mills to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

General Mills Stock Performance

Shares of GIS stock opened at $62.15 on Wednesday. The stock's 50-day moving average is $60.34 and its two-hundred day moving average is $65.87. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.67 and a current ratio of 0.92. General Mills has a 1 year low of $55.15 and a 1 year high of $75.90. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.94 and a beta of 0.06.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.86%. General Mills's dividend payout ratio is presently 52.17%.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares of the company's stock, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company's stock, valued at approximately $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GIS shares. Bank of America decreased their price objective on General Mills from $78.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of General Mills from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Piper Sandler dropped their price objective on shares of General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $70.00 target price on shares of General Mills in a research note on Thursday, December 19th. Finally, Jefferies Financial Group boosted their price target on General Mills from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Monday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, General Mills currently has an average rating of "Hold" and an average price target of $68.24.

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About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

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