General Mills (NYSE:GIS) Posts Earnings Results

General Mills (NYSE:GIS) posted its quarterly earnings data on Wednesday. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18, RTT News reports. General Mills had a return on equity of 26.85% and a net margin of 12.14%. General Mills updated its FY 2025 guidance to 4.380-4.480 EPS.

General Mills Stock Up 0.5 %

GIS stock opened at $65.92 on Wednesday. The business’s 50-day moving average price is $66.93 and its 200-day moving average price is $68.20. The stock has a market cap of $36.60 billion, a P/E ratio of 15.70, a PEG ratio of 3.41 and a beta of 0.10. General Mills has a twelve month low of $61.47 and a twelve month high of $75.90. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.20.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $2.40 annualized dividend and a yield of 3.64%. General Mills’s dividend payout ratio (DPR) is presently 57.14%.

Wall Street Analyst Weigh In

Several brokerages have commented on GIS. Citigroup increased their target price on General Mills from $68.00 to $76.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Piper Sandler lifted their price objective on General Mills from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Barclays boosted their target price on General Mills from $67.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Friday, September 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $70.00 price target on shares of General Mills in a report on Thursday, September 19th. Finally, Wells Fargo & Company decreased their price objective on shares of General Mills from $77.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.00.

Insiders Place Their Bets

In related news, Director Maria Sastre sold 1,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.66, for a total transaction of $63,660.00. Following the completion of the transaction, the director now directly owns 23,013 shares of the company’s stock, valued at approximately $1,465,007.58. This trade represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Harmening sold 46,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $68.61, for a total transaction of $3,190,365.00. Following the completion of the sale, the chief executive officer now owns 355,328 shares in the company, valued at approximately $24,379,054.08. The trade was a 11.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,555 shares of company stock worth $4,721,336 over the last three months. 0.26% of the stock is currently owned by company insiders.

General Mills Company Profile

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.