General Mills (NYSE:GIS – Free Report) had its price target decreased by Barclays from $46.00 to $43.00 in a research report sent to investors on Monday,Benzinga reports. Barclays currently has an equal weight rating on the stock.
A number of other research analysts also recently weighed in on GIS. Stifel Nicolaus lowered their target price on General Mills from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Piper Sandler cut their price target on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Morgan Stanley lowered their price objective on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 price objective on shares of General Mills in a report on Thursday, December 18th. Finally, Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and an average price target of $48.94.
Read Our Latest Research Report on General Mills
General Mills Price Performance
General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the business earned $1.12 earnings per share. The business’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts anticipate that General Mills will post 4.36 EPS for the current year.
General Mills Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a dividend yield of 6.5%. General Mills’s dividend payout ratio (DPR) is 52.47%.
Insider Buying and Selling at General Mills
In related news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.
Institutional Investors Weigh In On General Mills
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Austin Private Wealth LLC boosted its position in shares of General Mills by 5.0% in the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock worth $224,000 after purchasing an additional 211 shares during the period. Retirement Planning Co of New England Inc. lifted its stake in shares of General Mills by 4.2% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock valued at $273,000 after buying an additional 219 shares in the last quarter. Smith Moore & CO. lifted its stake in shares of General Mills by 2.6% during the 3rd quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock valued at $443,000 after buying an additional 225 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings 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 period. Finally, Allegheny Financial Group boosted its holdings in 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 buying an additional 226 shares during the period. Institutional investors own 75.71% of the company’s stock.
Trending Headlines about General Mills
Here are the key news stories impacting General Mills this week:
- Positive Sentiment: Sale of Brazil business seen as portfolio-sharpening move that some investors view favorably; the divestiture supports management’s push for a leaner, higher-margin portfolio. General Mills sells Brazil unit to 3corações
- Neutral Sentiment: Management reaffirmed its full-year fiscal 2026 guidance (after a prior cut), which reduces immediate uncertainty but doesn’t change the near-term earnings miss story. General Mills reaffirms full-year sales, profit forecasts
- Neutral Sentiment: High dividend yield (~6.3%) remains attractive to income buyers, but analysts and outlets warn about payout sustainability given weaker volumes and earnings pressure. General Mills: A Beaten-Down Consumer Staple With a 6.3% Dividend and Turnaround Potential
- Negative Sentiment: Earnings and revenue miss: Q3 EPS $0.64 vs. consensus ~ $0.73 and revenue $4.44B vs. ~$4.53B — net sales fell ~8% y/y, driven by lower volumes and divestitures. That is the primary driver of the share price decline. General Mills Q3 Earnings Miss Estimates, Sales Decline 8% Y/Y
- Negative Sentiment: Margin pressure and investments: management said turnaround investments, new-product spend and portfolio changes weighed on profitability; input-cost headwinds remain a concern. General Mills Struggles Persist as Turnaround Efforts Weigh on Results
- Negative Sentiment: Analyst downgrades and estimate cuts: Barclays and others lowered price targets and a number of research shops trimmed EPS forecasts, increasing sell-side pressure on the stock. Barclays Lowers General Mills (NYSE:GIS) Price Target to $43.00
- Negative Sentiment: Macroeconomic risk: hotter-than-expected PPI readings suggest input-cost inflation could remain elevated, complicating margin recovery for consumer-packaged-goods companies like General Mills. PPI Comes in Hot: +0.7%, +3.9% Core YoY
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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