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

General Mills (NYSE:GIS - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.480-4.570 for the period, compared to the consensus EPS estimate of 4.670. The company issued revenue guidance of -.

Analysts Set New Price Targets

GIS has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on General Mills from $65.00 to $70.00 and gave the stock an equal weight rating in a research report on Thursday, March 21st. Mizuho boosted their price objective on shares of General Mills from $65.00 to $70.00 and gave the company a neutral rating in a research report on Thursday, March 21st. Stifel Nicolaus reaffirmed a buy rating and set a $77.00 target price on shares of General Mills in a research report on Monday, April 22nd. Bank of America raised their price objective on General Mills from $68.00 to $72.00 and gave the stock a neutral rating in a report on Thursday, March 21st. Finally, Morgan Stanley increased their target price on shares of General Mills from $58.00 to $61.00 and gave the stock an underweight rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $71.94.

General Mills Stock Performance

GIS stock traded down $3.09 during trading on Wednesday, reaching $64.17. The company had a trading volume of 9,907,510 shares, compared to its average volume of 4,134,302. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.40 and a current ratio of 0.66. General Mills has a twelve month low of $60.33 and a twelve month high of $82.59. The company has a market cap of $36.44 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 3.13 and a beta of 0.12. The firm has a 50-day simple moving average of $68.85 and a 200-day simple moving average of $66.80.

General Mills (NYSE:GIS - Get Free Report) last issued its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.02. The company had revenue of $4.71 billion during the quarter, compared to analysts' expectations of $4.85 billion. General Mills had a return on equity of 26.84% and a net margin of 12.66%. The firm's revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, sell-side analysts expect that General Mills will post 4.5 earnings per share for the current year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be issued a $0.60 dividend. This is a boost from General Mills's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.74%. General Mills's payout ratio is presently 54.13%.

Insider Transactions at General Mills

In related news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $70.57, for a total value of $50,104.70. Following the completion of the transaction, the insider now owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company's stock.

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 salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.