General Mills, Inc. (NYSE:GIS) Receives Consensus Recommendation of “Hold” from Brokerages

General Mills, Inc. (NYSE:GIS) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $53.3333.

A number of brokerages have issued reports on GIS. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 price objective on shares of General Mills in a research report on Thursday, December 18th. Royal Bank Of Canada set a $63.00 price target on General Mills and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Morgan Stanley set a $47.00 price target on General Mills and gave the stock an “underweight” rating in a report on Wednesday, December 17th. TD Cowen restated a “hold” rating on shares of General Mills in a research note on Monday, December 15th. Finally, Wells Fargo & Company lowered their target price on General Mills from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th.

General Mills Trading Up 1.2%

NYSE GIS opened at $44.49 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $23.74 billion, a P/E ratio of 9.57 and a beta of -0.06. The business has a fifty day simple moving average of $46.21 and a 200 day simple moving average of $48.25. General Mills has a 12 month low of $42.78 and a 12 month high of $67.35.

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

General Mills Announces Dividend

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

Insider Buying and Selling at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the 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 completion of the transaction, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Mills

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of General Mills by 22.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,274 shares of the company’s stock valued at $1,050,000 after buying an additional 3,771 shares during the last quarter. Park Avenue Securities LLC raised its stake in General Mills by 7.8% in the 2nd quarter. Park Avenue Securities LLC now owns 35,710 shares of the company’s stock valued at $1,850,000 after acquiring an additional 2,597 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in General Mills by 4.8% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 5,145 shares of the company’s stock valued at $267,000 after purchasing an additional 234 shares during the last quarter. CHICAGO TRUST Co NA bought a new position in General Mills during the second quarter worth about $267,000. Finally, Ballentine Partners LLC increased its stake in shares of General Mills by 22.8% in the second quarter. Ballentine Partners LLC now owns 16,608 shares of the company’s stock worth $860,000 after purchasing an additional 3,084 shares in the last quarter. Hedge funds and other 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.