General Mills (NYSE:GIS) announced its quarterly earnings results on Wednesday. The company reported $0.82 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.82, Bloomberg Earnings reports. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.

General Mills (NYSE:GIS) opened at $58.76 on Thursday. The company has a market cap of $32,750.00, a P/E ratio of 19.20, a PEG ratio of 2.15 and a beta of 0.66. General Mills has a 1 year low of $49.65 and a 1 year high of $63.73. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.34%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.

GIS has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group initiated coverage on shares of General Mills in a research report on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective on the stock. Royal Bank of Canada set a $58.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research report on Monday, October 23rd. Societe Generale raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Consumer Edge raised shares of General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the company. General Mills has a consensus rating of “Hold” and a consensus target price of $57.38.

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About General Mills

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Earnings History for General Mills (NYSE:GIS)

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