Analysts Set General Mills, Inc. (NYSE:GIS) PT at $39.16

General Mills, Inc. (NYSE:GIS) has earned a consensus recommendation of “Reduce” from the twenty-two research firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $39.1579.

Several research firms recently issued reports on GIS. Deutsche Bank Aktiengesellschaft lifted their price objective on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Barclays lowered their price target on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. UBS Group set a $33.00 price objective on General Mills in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd.

General Mills Stock Up 0.8%

General Mills stock opened at $39.23 on Tuesday. The firm has a 50 day simple moving average of $36.10 and a 200 day simple moving average of $37.97. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. General Mills has a 1-year low of $31.75 and a 1-year high of $51.33. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of -217.90 and a beta of -0.03.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, analysts predict that General Mills will post 3.07 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.2%. General Mills’s payout ratio is presently -1,355.56%.

Hedge Funds Weigh In On General Mills

Institutional investors have recently made changes to their positions in the stock. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in General Mills by 1.9% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock worth $565,000 after buying an additional 225 shares during the last quarter. Allegheny Financial Group lifted its holdings in shares of General Mills by 4.8% in the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after acquiring an additional 226 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its stake in shares of General Mills by 0.7% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after purchasing an additional 226 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in shares of General Mills by 3.7% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,879 shares of the company’s stock valued at $320,000 after purchasing an additional 247 shares in the last quarter. Finally, Montag A & Associates Inc. grew its holdings in shares of General Mills by 5.7% during the 4th quarter. Montag A & Associates Inc. now owns 4,648 shares of the company’s stock valued at $216,000 after purchasing an additional 249 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

About General Mills

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.