General Mills, Inc. (GIS)

NYSE: GIS · IEX Real-Time Price · USD
64.21
-0.79 (-1.22%)
At close: Feb 27, 2024, 4:00 PM
64.17
-0.04 (-0.06%)
After-hours: Feb 27, 2024, 7:52 PM EST
-1.22%
Market Cap 36.91B
Revenue (ttm) 20.20B
Net Income (ttm) 2.44B
Shares Out 567.89M
EPS (ttm) 4.11
PE Ratio 15.62
Forward PE 14.31
Dividend $2.36 (3.68%)
Ex-Dividend Date Apr 9, 2024
Volume 3,112,992
Open 64.88
Previous Close 65.00
Day's Range 63.91 - 64.98
52-Week Range 60.33 - 90.89
Beta 0.15
Analysts Hold
Price Target 73.37 (+14.27%)
Earnings Date Mar 21, 2024

About GIS

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-... [Read more]

Industry Packaged Foods
Founded 1866
Employees 34,000
Stock Exchange NYSE
Ticker Symbol GIS
Full Company Profile

Financial Performance

In 2023, General Mills's revenue was $20.09 billion, an increase of 5.80% compared to the previous year's $18.99 billion. Earnings were $2.59 billion, a decrease of -4.19%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for GIS stock is "Hold." The 12-month stock price forecast is $73.37, which is an increase of 14.27% from the latest price.

Price Target
$73.37
(14.27% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Quad/Graphics is a benefactor of the advertising rebound

Quad/Graphics Inc. NYSE: QUAD is a global full-service marketing solutions firm for commercial clients in the retail, healthcare, financial services, publishing and consumer packaging industries. With...

Other symbols: AXPCAGQUADTGTULTAWWW
10 hours ago - MarketBeat

General Mills Shares Progress Against Accelerate Strategy

MINNEAPOLIS--(BUSINESS WIRE)--At the Consumer Analyst Group of New York (CAGNY) 2024 Conference, General Mills, Inc. (NYSE: GIS) discussed its Accelerate strategy and approach to driving long-term sus...

7 days ago - Business Wire

General Mills Announces Long-time Senior Executive Shawn O'Grady to Retire

MINNEAPOLIS--(BUSINESS WIRE)--General Mills (NYSE: GIS) today announced the retirement of Shawn O'Grady, Group President, North America Foodservice (NAF). To facilitate a smooth transition, O'Grady wi...

20 days ago - Business Wire

General Mills to Webcast Presentation at CAGNY Conference on Feb. 20, 2024

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) announced today that Chairman and Chief Executive Officer Jeff Harmening and Chief Financial Officer Kofi Bruce will be featured speakers ...

22 days ago - Business Wire

Live “Cereal Rich” with LOADED, General Mills' Biggest, Boldest Cereal Yet, and Limited-Editon Accessories

MINNEAPOLIS--(BUSINESS WIRE)--New LOADED cereal delivers more of favorite brands like Cinnamon Toast Crunch, Cocoa Puffs and Trix, but now loaded with delicious vanilla crème. To celebrate, General Mi...

26 days ago - Business Wire

General Mills Elects Two New Board Members

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today announced the election of Benno O. Dorer and John G. Morikis to its board of directors effective Jan. 29, 2024. The election of Dore...

Other symbols: CLX
4 weeks ago - Business Wire

3-Stock Lunch: FDX, GIS & LOW

Michael Farr, Farr, Miller & Washington president, joins ‘Power Lunch' to discuss three stocks: FedEx, General Mills and Lowe's.

Other symbols: FDXLOW
2 months ago - CNBC Television

Cheerios and Lucky Charms Maker General Mills Says Sales Dropped—Here's Why

General Mills (GIS) shares dropped over 2% in intraday trading Wednesday after the cereal giant missed sales estimates and cut its outlook as higher prices led consumers to shift to lower-priced brand...

2 months ago - Investopedia

Midday Movers: Alphabet Jumps, FedEx and General Mills Slip

The rally for U.S. equities continued at midday, boosted by tech stocks. The Dow and S&P 500 were slightly higher, while the Nasdaq added 0.3%.

Other symbols: FDXGOOGGOOGL
2 months ago - Investopedia

General Mills echoes FedEx with a warning about weaker demand

General Mills and FedEx both cut their revenue outlook for their fiscal years.

2 months ago - CNBC

General Mills: Pet Food's Digital Shift Eats Away at Retail Sales

As consumers increasingly turn to digital channels to feed their fur babies, General Mills is seeing in-store pet food sales take a dip, even as eCommerce continues to grow in the category. The food g...

2 months ago - PYMNTS

Saporu is ‘part of the bears' on General Mills after its Q2 earnings

General Mills Inc (NYSE: GIS) opened in the red this morning after reporting weaker-than-expected revenue for its second financial quarter. General Mills stock down on lowered guidance The stock is tr...

2 months ago - Invezz

Cheerios maker General Mills cuts sales view as price hikes hammer demand

Dec 20 (Reuters) - General Mills (GIS.N) cut its annual sales forecast, on Wednesday and missed second-quarter estimates, warning of a slower recovery in demand following repeated price hikes on its b...

2 months ago - Reuters

General Mills Cuts Sales Guidance Amid ‘Slower Volume Recovery'

The maker of Cheerios beats quarterly earnings estimates but falls short on sales.

2 months ago - Barrons

General Mills stock falls after revenue miss, lowered outlook has volume recovery seen slower than expected

Shares of General Mills Inc. GIS, +0.56% fell 1.4% in premarket trading Wednesday, after the consumer-foods company reported fiscal second-quarter profit that beat expectations, while revenue missed a...

2 months ago - Market Watch

General Mills Reports Fiscal 2024 Second-quarter Results and Updates Full-year Outlook

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today reported results for its fiscal 2024 second quarter. “While we saw a slower-than-expected volume recovery in the second quarter amid...

2 months ago - Business Wire

Earnings Exchange: FedEx, General Mills & Micron

New Street Advisors CEO Delano Saporu joins 'The Exchange' to discuss FedEx, General Mills, and Micron.

Other symbols: FDXMU
2 months ago - CNBC Television

Young Founder and Author, Marley Dias, to Share Remarks at General Mills and UNCF's 34th Annual Dr. Martin Luther King Jr. Holiday Breakfast

MINNEAPOLIS--(BUSINESS WIRE)--General Mills and long-standing partner UNCF are hosting the 34th annual Dr. Martin Luther King, Jr. Holiday Breakfast.

2 months ago - Business Wire

General Mills Announces Changes to Senior Leadership Team

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today announced several changes to its senior leadership team to further advance the company's enterprise strategy, Accelerate. Jon Nudi i...

2 months ago - Business Wire

2 Consumer packaged goods companies to start your morning right

Breakfast is the most important meal of the day; Breakfast provides fuel to get your day started, and you have all day to burn those calories. It's a consumer staple of everyday life practiced by mill...

Other symbols: POST
3 months ago - MarketBeat

General Mills to Webcast Fiscal 2024 Second Quarter Earnings Results on Dec. 20, 2023

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2024 second quarter on Dec. 20, 2023. A press release, pre-recorded management remarks, and support...

3 months ago - Business Wire

General Mills Quarterly Dividend Declared

MINNEAPOLIS--(BUSINESS WIRE)--The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.59 per share, payable February 1, 2024, to shareholders of record as o...

3 months ago - Business Wire

General Mills grows into pet supplement business with acquisition of Fera Pets Inc.

General Mills Inc. GIS, +0.29% said Thursday it agreed to pay an undisclosed amount to buy Fera Pets Inc., as it moves into the pet supplement market. General Mills said it acquired Fera Pets through ...

3 months ago - Market Watch

General Mills Acquires Fera Pets, Inc., Introduces Growth Fund

MINNEAPOLIS--(BUSINESS WIRE)--General Mills Acquires Fera Pets, Inc., holistic pet health brand to join the company's new growth equity fund.

3 months ago - Business Wire

These 3 Defensive Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - General Mills (NYSE:GIS), Coca-Cola (NYSE:KO)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: KOPEP
4 months ago - Benzinga