General Mills, Inc. (NYSE:GIS – Get Rating) – Analysts at Zacks Research said in a research note issued to investors on Tuesday, Jan. 3, that General Mills shares will be 1 share for the third quarter of 2023. Withdrawal of earnings per unit (EPS) estimates. Zacks Research analyst V. Bagree said the company expects his earnings per share for the quarter to be $0.86, below his previous forecast of $0.88. General Mills’ current consensus estimate for annual earnings is $4.12 per share. Zacks Research estimates General Mills’ 2023 revenues of $4.09 per dollar, 1Q 2024 revenues of $1.06, 3Q 2024 revenues of $0.92, 2024 revenues of $4.15 per dollar, and 2025 revenues of $4.15 per dollar. Announced Q1 revenue of $1.11, Q2 2025 revenue of $1.13 and FY25 forecast. Earnings at $4.40 EPS.
Many other equity research analysts have also published reports on the company. StockNews.com downgraded General Mills from ‘Buy’ to ‘Hold’ in a research report on Thursday, Dec. 8. UBS Group lowered its price target on General Mills from $88.00 to $85.00 in a research report on Wednesday, December 21, giving the stock a ‘neutral’ rating. Morgan Stanley raised its price target for General Mills from $71.00 to $73.00 and gave the company an “underweight” rating in its research report on Tuesday, Dec. 20. Piper Sandler raised General Mills’ price target from her $88.00 to her $95.00 in a research report on Thursday, Dec. 15, giving the company an “Overweight” rating. Finally, BMO Capital Markets raised its price target on General Mills from her $80.00 to $85.00, giving it a “market performance” rating in its research report on Thursday, Sept. 22. Two of Research’s analysts gave sell ratings, nine assigned hold ratings, and four gave buy ratings to the company’s stock. According to MarketBeat data, the company has an average rating of “pending” and a consensus price target of $82.57.
General Mills Price Performance
GIS shares opened at $83.89 on Thursday. The company has an equity ratio of 0.83, a current ratio of 0.58 and a quick ratio of 0.35. The company has a market capitalization of $49.46 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.69 and a beta of 0.34. His 50-day moving average for this business is $83.12 and his 200-day moving average is $78.42. His one-year low at General Mills is $61.67 and his one-year high is $88.34.
General Mills Announces Dividend
The company also recently announced a quarterly dividend payable on Wednesday, February 1st. Shareholders of record on Tuesday, January 10 will receive a dividend of $0.54 per share. This represents his $2.16 dividend and his 2.57% yield on an annualized basis. The ex-dividend date for this dividend is January 9 (Monday). General Mills has a dividend payout ratio (DPR) of 45.09%.
In other General Mills news, insider Shawn P. Ogrady sold 20,019 shares of General Mills stock in a transaction that took place on Tuesday, November 22nd. The shares sold for an average of $82.50, and the total transaction value he had was $1,651,567.50. After the transaction, insiders now own 69,042 shares of the company’s stock valued at $5,695,965. The transaction was disclosed in SEC filings available at this link. In other General Mills news, insider Shawn P. Ogrady sold 20,019 shares of General Mills stock in a transaction that took place on Tuesday, November 22nd. The shares sold for an average of $82.50 for a total of $1,651,567.50. After the transaction, the insider now directly owns his 69,042 shares in the company, valued at approximately $5,695,965. The sale is disclosed in documents filed with the Securities and Exchange Commission and available on his website at the SEC. Also, his insider, Shawn P. Ogrady, sold 32,114 shares of General Mills stock in a deal that took place Wednesday, Nov. 9. The shares sold for an average of $80.50, giving him a total of $2,585,177.00. Following the closing of the transaction, insiders now own 76,045 shares in the company, valued at $6,121,622.50. Please see here for the disclosure of this sale. Insiders say he sold a total of 69,823 shares of company stock worth $5,683,271 in the last quarter. A company insider owns his 0.67% of the company’s shares.
institution inflow and outflow
Some hedge funds and other institutional investors have recently changed their GIS holdings. First Trust Advisors LP increased its General Mills stake by 162.5% in the first quarter. First Trust Advisors LP said he now owns 4,130,154 shares of the company worth $279,694,000 after purchasing an additional 2,556,537 shares during the previous quarter. The Canada Pension Plan Investment Board increased its holding of General Mills shares by 56,697.1% in the third quarter. The Canada Pension Plan Investment Board owns 857,636 shares of the company worth $65,703,000 after purchasing an additional 856,126 shares in the previous quarter. Bank of America Corp DE increased its holding in General Mills stock by 15.6% in the first quarter. Bank of America Corp DE now owns 6,227,105 shares of the company worth $421.7 million after purchasing an additional 842,191 shares in the previous quarter. State Street Corp increased its General Mills stake by 2.3% in the first quarter. State Street Corp now owns 35,209,877 shares worth $2,384,413,000 after purchasing an additional 786,443 shares last quarter. Finally, Los Angeles Capital Management LLC increased its holding in General Mills stock by 686.5% in the second quarter. Los Angeles Capital Management LLC now owns 885,938 shares worth $66,844,000 after purchasing an additional 773,301 shares in the previous quarter. Currently 74.48% of the shares are owned by hedge funds and other institutional investors.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer food products worldwide. The company operates in his five segments. convenience stores and foodservice; Europe and Australia; Asia and Latin America; and pets. Offers ready-to-eat cereals, chilled yogurt, soups, meal kits, chilled and frozen dough products, dessert and baking mixes, bakery flours, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream and nutrition bars. To do. , wellness beverages, savory snacks, grain snacks, and a variety of organic products including frozen and shelf-stable vegetables.
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