Shares of General Mills, Inc. (NYSE:GIS – Get Free Report) have been assigned an average recommendation of “Reduce” from the twenty-two brokerages that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.1579.
A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. TD Cowen lowered their target price on General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. UBS Group set a $33.00 price objective on shares of General Mills in a research note on Monday, July 6th. Finally, Bank of America lifted their target price on shares of General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd.
Read Our Latest Analysis on GIS
General Mills Trading Down 1.0%
General Mills (NYSE:GIS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.80 by $0.15. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities research analysts expect that General Mills will post 3.07 EPS for the current year.
General Mills Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, July 10th. General Mills’s payout ratio is currently -1,355.56%.
Insider Activity at General Mills
In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the completion of the transaction, the insider directly owned 62,283 shares in the company, valued at approximately $2,148,763.50. The trade was a 11.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On General Mills
Hedge funds have recently made changes to their positions in the business. Reflection Asset Management purchased a new stake in shares of General Mills during the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC purchased a new position in General Mills in the fourth quarter valued at about $26,000. Brown Shipley& Co Ltd acquired a new stake in General Mills during the 1st quarter valued at approximately $26,000. Bruce G. Allen Investments LLC grew its position in shares of General Mills by 139.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after buying an additional 337 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in shares of General Mills in the first quarter worth $27,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.
General Mills Company Profile
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.
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