General Mills (NYSE:GIS) Updates FY 2025 Earnings Guidance

General Mills (NYSE:GIS) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 4.480-4.570 for the period, compared to the consensus EPS estimate of 4.670. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GIS shares. Morgan Stanley upped their target price on General Mills from $58.00 to $61.00 and gave the company an underweight rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. reduced their target price on shares of General Mills from $70.00 to $63.00 and set a neutral rating on the stock in a report on Thursday. Evercore ISI lowered their price target on shares of General Mills from $76.00 to $72.00 and set an in-line rating for the company in a report on Friday. Wells Fargo & Company reduced their price objective on shares of General Mills from $70.00 to $67.00 and set an equal weight rating on the stock in a research note on Thursday. Finally, Citigroup decreased their price objective on General Mills from $71.00 to $68.00 and set a neutral rating on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, General Mills currently has an average rating of Hold and a consensus price target of $70.44.

General Mills Trading Down 0.7 %

Shares of NYSE GIS opened at $63.26 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The stock’s 50 day moving average price is $68.51 and its two-hundred day moving average price is $66.75. General Mills has a 52-week low of $60.33 and a 52-week high of $77.63. The stock has a market capitalization of $35.31 billion, a P/E ratio of 14.68, a PEG ratio of 3.03 and a beta of 0.12.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The firm had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. On average, analysts anticipate that General Mills will post 4.52 earnings per share for the current fiscal year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.79%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s payout ratio is currently 54.76%.

Insider Buying and Selling at General Mills

In related news, insider Werner Lanette Shaffer sold 710 shares of General Mills stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total value of $50,104.70. Following the sale, the insider now directly owns 17,397 shares in the company, valued at approximately $1,227,706.29. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and frozen desserts, nutrition bars, and savory snacks, as well as various organic products, including frozen and shelf-stable vegetables.