General Mills (NYSE:GIS) Releases FY 2025 Earnings Guidance

General Mills (NYSE:GIS - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 4.380-4.480 for the period, compared to the consensus EPS estimate of 4.510. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GIS shares. Wells Fargo & Company lowered their target price on General Mills from $77.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, November 15th. Stifel Nicolaus raised their price objective on shares of General Mills from $70.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research note on Thursday, September 19th. TD Cowen lifted their price target on General Mills from $72.00 to $75.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. boosted their price target on General Mills from $63.00 to $67.00 and gave the company a "neutral" rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $73.56.

General Mills Stock Performance

NYSE GIS traded down $2.02 on Wednesday, hitting $63.91. 13,262,543 shares of the stock were exchanged, compared to its average volume of 3,947,887. The business's fifty day moving average is $66.93 and its 200 day moving average is $68.20. General Mills has a 52 week low of $61.47 and a 52 week high of $75.90. The company has a market capitalization of $35.48 billion, a PE ratio of 15.22, a P/E/G ratio of 3.41 and a beta of 0.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.14 billion. General Mills had a net margin of 12.14% and a return on equity of 26.85%. General Mills's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 EPS. Research analysts anticipate that General Mills will post 4.5 EPS for the current fiscal year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, January 10th. General Mills's dividend payout ratio is 57.14%.

Insiders Place Their Bets

In other news, insider Pankaj Mn Sharma sold 2,325 shares of the business's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $74.63, for a total transaction of $173,514.75. Following the completion of the sale, the insider now owns 36,184 shares in the company, valued at $2,700,411.92. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathon Nudi sold 9,647 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.39, for a total value of $717,640.33. Following the transaction, the insider now owns 128,664 shares in the company, valued at approximately $9,571,314.96. This trade represents a 6.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,555 shares of company stock valued at $4,721,336 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

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.