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General Mills (GIS) Stock Price, News & Analysis

$74.72
-0.18 (-0.24%)
(As of 12:55 PM ET)

About General Mills Stock (NYSE:GIS)

Key Stats

Today's Range
$74.42
$75.32
50-Day Range
$62.86
$75.15
52-Week Range
$60.33
$75.90
Volume
1.45 million shs
Average Volume
3.95 million shs
Market Capitalization
$41.70 billion
P/E Ratio
17.34
Dividend Yield
3.21%
Price Target
$71.93
Consensus Rating
Hold

Company Overview

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. The company also manufactures and markets pet food products, including dog and cat food; and operates ice cream parlors. It markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Dunkaroos, Edgard & Cooper, Fiber One, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, Muir Glen, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Tastefuls, Total, Totino's , Trix, True Chews, True Solutions, Wanchai Ferry, Wheaties, Wilderness, and Yoki brands. The company sells its products to grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.

General Mills Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 82nd Percentile

General Mills scored higher than 82% of companies evaluated by MarketBeat, and ranked 40th out of 150 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    General Mills has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 3 buy ratings, 12 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    General Mills has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about General Mills' stock forecast and price target.
  • Earnings Growth

    Earnings for General Mills are expected to grow by 5.33% in the coming year, from $4.50 to $4.74 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of General Mills is 17.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of General Mills is 17.30, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.54.

  • Price to Earnings Growth Ratio

    General Mills has a PEG Ratio of 3.86. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    General Mills has a P/B Ratio of 4.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about General Mills' valuation and earnings.
  • Percentage of Shares Shorted

    2.97% of the float of General Mills has been sold short.
  • Short Interest Ratio / Days to Cover

    General Mills has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in General Mills has recently decreased by 4.84%, indicating that investor sentiment is improving.
  • Dividend Yield

    General Mills pays a meaningful dividend of 3.29%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    General Mills does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of General Mills is 55.68%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, General Mills will have a dividend payout ratio of 50.63% next year. This indicates that General Mills will be able to sustain or increase its dividend.

  • Read more about General Mills' dividend.
  • Percentage of Shares Shorted

    2.97% of the float of General Mills has been sold short.
  • Short Interest Ratio / Days to Cover

    General Mills has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in General Mills has recently decreased by 4.84%, indicating that investor sentiment is improving.
  • News Sentiment

    General Mills has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 59 news articles for General Mills this week, compared to 14 articles on an average week.
  • Search Interest

    Only 14 people have searched for GIS on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
  • MarketBeat Follows

    Only 6 people have added General Mills to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, General Mills insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.24% of the stock of General Mills is held by insiders.

  • Percentage Held by Institutions

    75.71% of the stock of General Mills is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about General Mills' insider trading history.

GIS Stock News Headlines

Grovetown, Ga USA - 08 19 23: Walmart retail store interior General Mills cereals Cocoa Puffs Trix
Why General Mills Is the Perfect Hedge for S&P 500 Volatility
General Mills is a hedge against volatility and market downturns, trading with a beta near zero, the company in mid-turnaround, and a solid capital return.
Financial markets news icon
MarketBeat Week in Review – 9/9 - 9/13 (GIS)
Markets were mostly positive this week as benign inflation numbers did nothing to dampen expectations that the Federal Reserve will cut interest rates
Trump Warns Gov. Can Confiscate Your Money. CBDC's give Gov. absolute
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.
Augusta, Ga USA - 08 18 22: Walmart grocery store interior Reeses Puffs Cocoa Puffs cereals and price Tobacco road
4 Reasons to Consider Adding General Mills to Your Portfolio
General Mills Inc. (NYSE: GIS) is a global manufacturer of branded consumer and pet food products. The consumer staples sector leader has many brands.
General Mills logo and stock on screen
Top 3 Stocks to Outperform the S&P 500 in a Downturn (GIS)
Check out these three stocks that have outperformed big in past bear markets. Their business have inherent advantages the success in a downturn.
See More Headlines

GIS Stock Analysis - Frequently Asked Questions

General Mills' stock was trading at $65.14 at the start of the year. Since then, GIS stock has increased by 14.5% and is now trading at $74.57.
View the best growth stocks for 2024 here
.

General Mills, Inc. (NYSE:GIS) posted its earnings results on Wednesday, September, 18th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The company's revenue for the quarter was down 1.2% compared to the same quarter last year.
Read the conference call transcript
.

General Mills subsidiaries include these companies: Tyson Foods, Blue Buffalo, Blue Buffalo Pet Products, EPIC Provisions, Carolina Laticínios, Carolina Administracao e Participacoes Societarias Ltda., Annie’s, and more.

Top institutional shareholders of General Mills include Legal & General Group Plc (1.01%), Dimensional Fund Advisors LP (0.97%), American Century Companies Inc. (0.85%) and Bank of New York Mellon Corp (0.71%). Insiders that own company stock include Jeffrey L Harmening, Jonathon Nudi, Sean N Walker, Shawn P Ogrady, Bethany C Quam, Jacqueline Williams-Roll, Jodi J Benson, Werner Lanette Shaffer, Dana M Mcnabb, Mark A Pallot, John G Morikis and Richard C Allendorf.
View institutional ownership trends
.

Shares of GIS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that General Mills investors own include AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Pfizer (PFE), Intel (INTC), Procter & Gamble (PG) and Cisco Systems (CSCO).

Company Calendar

Ex-Dividend for 8/1 Dividend
7/10/2024
Dividend Payable
8/01/2024
Last Earnings
9/18/2024
Today
9/20/2024
Next Earnings (Estimated)
12/18/2024
Fiscal Year End
5/31/2025

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Packaged Foods & Meats
CUSIP
37033410
Employees
34,000
Year Founded
1928

Price Target and Rating

Average Stock Price Target
$71.93
High Stock Price Target
$84.00
Low Stock Price Target
$61.00
Potential Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
16 Analysts

Profitability

Net Income
$2.50 billion
Pretax Margin
15.25%

Debt

Sales & Book Value

Annual Sales
$19.86 billion
Cash Flow
$5.82 per share
Book Value
$17.29 per share

Miscellaneous

Free Float
556,806,000
Market Cap
$41.81 billion
Optionable
Optionable
Beta
0.10

Social Links

Should I Buy General Mills Stock? GIS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 19, 2024. Please send any questions or comments about these General Mills pros and cons to contact@marketbeat.com.

General Mills
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in General Mills, Inc.:

  • General Mills, Inc. reported a higher-than-expected EPS of $1.07 for the quarter ending September 18th, beating analysts' estimates by $0.01. This indicates strong financial performance.
  • The company recently increased its quarterly dividend from $0.59 to $0.60, representing a boost in shareholder returns. The dividend yield is now at 3.20%, providing income for investors.
  • Goldman Sachs initiated coverage on General Mills with a "buy" rating and a target price of $76.00 on August 12th, suggesting positive growth potential according to the investment firm.
  • General Mills has a stable market capitalization of $41.81 billion, indicating the company's size and stability in the market.
  • The company has a low beta of 0.10, suggesting lower volatility compared to the market average, which may appeal to risk-averse investors.

General Mills
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in General Mills, Inc. for these reasons:

  • General Mills has received multiple price target cuts from various analysts, indicating potential concerns about the company's future performance.
  • The company's revenue for the quarter was down 1.2% on a year-over-year basis, suggesting a slight decline in sales growth.
  • Barclays lowered their price target on General Mills from $72.00 to $67.00 on June 28th, reflecting a cautious outlook on the stock's valuation.
  • General Mills' P/E ratio of 17.38 and P/E/G ratio of 3.86 may indicate that the stock is currently trading at a higher valuation compared to its growth prospects.
  • The stock price of General Mills closed at $74.90 on September 19th, which is slightly lower than the recent high of $75.90, potentially signaling a short-term downtrend.

This page (NYSE:GIS) was last updated on 9/20/2024 by MarketBeat.com Staff
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