General Mills, Inc. (NYSE:GIS) Given Average Rating of “Hold” by Analysts

Shares of General Mills, Inc. (NYSE:GIS) have been given an average rating of “Hold” by the twenty-one ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $53.3333.

A number of research analysts have weighed in on GIS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. TD Cowen reaffirmed a “hold” rating on shares of General Mills in a research note on Monday, December 15th. Jefferies Financial Group decreased their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company cut their price target on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Finally, Morgan Stanley set a $47.00 price target on shares of General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th.

General Mills Trading Up 1.2%

Shares of GIS stock opened at $44.49 on Friday. The stock has a market capitalization of $23.74 billion, a price-to-earnings ratio of 9.57 and a beta of -0.06. The company’s fifty day simple moving average is $46.21 and its two-hundred day simple moving average is $48.25. General Mills has a 1 year low of $42.78 and a 1 year high of $67.35. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts anticipate that General Mills will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 9th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. General Mills’s dividend payout ratio (DPR) is presently 52.47%.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the transaction, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On General Mills

A number of hedge funds and other institutional investors have recently bought and sold shares of GIS. Norges Bank bought a new stake in shares of General Mills during the 2nd quarter worth $417,508,000. Worldquant Millennium Advisors LLC bought a new position in General Mills in the second quarter valued at $84,862,000. Two Sigma Investments LP raised its position in General Mills by 82.8% during the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock valued at $172,226,000 after purchasing an additional 1,546,993 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in General Mills by 22.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock worth $384,625,000 after purchasing an additional 1,383,913 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of General Mills by 15.9% in the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after purchasing an additional 1,368,041 shares in the last quarter. 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.