General Mills (NYSE:GIS) Reaches New 1-Year Low – Here’s What Happened

Shares of General Mills, Inc. (NYSE:GIS) hit a new 52-week low on Tuesday . The stock traded as low as $42.46 and last traded at $42.8560, with a volume of 1246423 shares traded. The stock had previously closed at $43.40.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GIS. Bank of America cut shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Monday, February 23rd. Mizuho set a $47.00 target price on General Mills in a report on Monday, February 23rd. TD Cowen dropped their price target on General Mills from $47.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Piper Sandler dropped their target price on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Finally, Evercore set a $45.00 target price on shares of General Mills in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.42.

General Mills Price Performance

The stock has a market cap of $22.87 billion, a PE ratio of 9.23 and a beta of -0.05. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The stock’s 50-day moving average is $45.45 and its two-hundred day moving average is $47.26.

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

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s payout ratio is presently 52.47%.

Insider Activity

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 transaction of $72,225.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On General Mills

Hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC increased its holdings in General Mills by 3.0% in the fourth quarter. Corient Private Wealth LLC now owns 190,783 shares of the company’s stock valued at $8,882,000 after buying an additional 5,593 shares during the last quarter. Union Savings Bank acquired a new stake in shares of General Mills during the 4th quarter worth about $99,000. Hsbc Holdings PLC lifted its stake in General Mills by 9.4% during the fourth quarter. Hsbc Holdings PLC now owns 1,269,781 shares of the company’s stock worth $59,040,000 after purchasing an additional 109,063 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in General Mills in the fourth quarter valued at approximately $89,000. Finally, Bayban purchased a new stake in shares of General Mills during the 4th quarter worth approximately $330,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

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.