General Mills, Inc. (GIS)

NYSE: GIS · IEX Real-Time Price · USD
66.32
+0.49 (0.74%)
Jul 26, 2024, 4:00 PM EDT - Market closed
0.74%
Market Cap 37.02B
Revenue (ttm) 19.86B
Net Income (ttm) 2.50B
Shares Out 558.15M
EPS (ttm) 4.31
PE Ratio 15.39
Forward PE 14.67
Dividend $2.40 (3.62%)
Ex-Dividend Date Jul 10, 2024
Volume 1,814,677
Open 65.60
Previous Close 65.83
Day's Range 65.60 - 66.64
52-Week Range 60.33 - 75.88
Beta 0.09
Analysts Hold
Price Target 68.82 (+3.77%)
Earnings Date Sep 18, 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, f... [Read more]

Industry Packaged Foods
Founded 1866
Employees 3,400
Stock Exchange NYSE
Ticker Symbol GIS
Full Company Profile

Financial Performance

In 2024, General Mills's revenue was $19.86 billion, a decrease of -1.18% compared to the previous year's $20.09 billion. Earnings were $2.50 billion, a decrease of -3.75%.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for GIS stock is "Hold." The 12-month stock price forecast is $68.82, which is an increase of 3.77% from the latest price.

Price Target
$68.82
(3.77% upside)
Analyst Consensus: Hold
Stock Forecasts

News

General Mills Names Asheesh Saksena Chief Strategy & Growth Officer

MINNEAPOLIS--(BUSINESS WIRE)--General Mills names Asheesh Saksena Chief Strategy & Growth Officer, effective Aug. 26, 2024.

8 days ago - Business Wire

Consumer Staples Stocks Have Underperformed Lately, But They're Hot Today

While tech stocks are falling Wednesday, consumer staples are on the rise.

9 days ago - Investopedia

Chief Future Officer: Kofi Bruce, General Mills

Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Bloomberg's monthly program, Chief Future Officer, profiles the...

15 days ago - Bloomberg Markets and Finance

How General Mills Added AI to Its Manufacturing Recipe

Packaged food giant General Mills uses AI tools, machine learning and data science to increase productivity in many areas of its business. On "Bloomberg Chief Future Officer," CFO Kofi Bruce tells Rom...

15 days ago - Bloomberg Markets and Finance

General Mills CFO Wants to Limit 'Sting' of Inflation

The packaged food industry has seen input costs soar since the onset of the pandemic. While higher prices have brought blowback from consumers.

15 days ago - Bloomberg Markets and Finance

General Mills Stock - Investors of General Mills Encouraged to Contact Kehoe Law Firm, P.C. - GIS

PHILADELPHIA, PA / ACCESSWIRE / June 27, 2024 / Kehoe Law Firm, P.C. is investigating whether certain directors and officers of General Mills, Inc. ("General Mills") (NYSE:GIS) breached their fiduciar...

4 weeks ago - Accesswire

General Mills will push out 'cheesier' mac and cheese and 'fudgier' brownies to win back shoppers

General Mills will enhance product flavors to attract price-conscious customers amid inflation. The company reported a disappointing 2025 forecast with minimal expected sales growth.

4 weeks ago - Business Insider

General Mills Slumps as Sales Drop Amid 'Challenging Operating Environment'

Shares of General Mills (GIS) slumped Wednesday after the consumer foods giant posted weaker-than-expected revenue and gave soft guidance on lower prices and volumes.

4 weeks ago - Investopedia

General Mills Shares Drop as Shoppers Pull Back

General Mills sees organic sales ranging between flat and up 1% for the current fiscal year, below the average analyst estimate of 1.18%. It expects volume trends will gradually improve in the current...

4 weeks ago - Bloomberg Markets and Finance

General Mills raises dividend despite falling short of revenue estimates in fiscal Q4

General Mills Inc (NYSE: GIS) is in the red at writing after reporting weaker-than-expected revenue for its fourth financial quarter.  Shares of the processed consumer foods company are now down nearl...

4 weeks ago - Invezz

Worthington Enterprises Posts Downbeat Results, Joins Taysha Gene Therapies, General Mills And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Wednesday.

Other symbols: TSHA
4 weeks ago - Benzinga

General Mills' stock falls after revenue miss and soft guidance

General Mills Inc.'s stock GIS, -1.19% fell 3.6% in early trade Wednesday, after the consumer-foods company's fiscal fourth-quarter revenue fell short of estimates and it offered soft guidance. The pa...

4 weeks ago - Market Watch

General Mills posts bigger-than-expected drop in quarterly sales

Cheerios cereal maker General Mills posted a bigger-than-expected drop in quarterly sales on Wednesday, as cash-strapped consumers cut back on its higher-margin products and turned to cheaper alternat...

4 weeks ago - Reuters

General Mills Reports Fiscal 2024 Fourth-quarter and Full-year Results and Provides Fiscal 2025 Outlook

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today reported results for the fourth quarter and fiscal year ended May 26, 2024. “We delivered on our updated guidance in fiscal 2024 by ...

4 weeks ago - Business Wire

General Mills Reports Earnings Wednesday. The Outlook Isn't Bright.

The maker of Wheaties, Cheerios and other packaged foods, is set to report earnings for the May-ended fourth fiscal quarter early Wednesday.

4 weeks ago - Barrons

Cramer's week ahead: Earnings from Micron, Walgreens and General Mills

CNBC's Jim Cramer guided investors through this week's most important Wall Street action, highlighting earnings reports from Micron, Walgreens and General Mills. He also noted that Monday was tough fo...

Other symbols: MUWBA
4 weeks ago - CNBC

Frozen Tortilla Industry Report 2024 Featuring Strategic Analysis of Major Players Azteca Foods, General Mills, and Gruma - A Projected $13 Billion Global Opportunity by 2030

Dublin, June 10, 2024 (GLOBE NEWSWIRE) -- The "Frozen Tortilla - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Frozen Tortilla is ...

6 weeks ago - GlobeNewsWire

General Mills to Webcast Fiscal 2024 Fourth Quarter and Full Year Earnings Results on June 26, 2024

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) plans to report results for its fiscal 2024 fourth quarter and full year on June 26, 2024. A press release, pre-recorded management remark...

2 months ago - Business Wire

General Mills and Campbell Soup upgraded by Bernstein

Bernstein has upgraded General Mills (GIS) and Campbell Soup Company (CPB) from Underperform to Market Perform, citing volume improvements for both stocks. Yahoo Finance Anchors Josh Lipton and Julie ...

Other symbols: CPB
2 months ago - Yahoo Finance

General Mills to Webcast Remarks at Bernstein's 40th Annual Strategic Decisions Conference on May 29, 2024

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) announced Chairman and Chief Executive Officer Jeff Harmening will participate in a fireside chat at the Bernstein's 40th Annual Strategic...

2 months ago - Business Wire

CORRECTING and REPLACING Wheaties™ Pushes the Limits of Breakfast with New Wheaties Protein

MINNEAPOLIS--(BUSINESS WIRE)--Please replace the release dated April 15, 2024 with the following corrected version due to multiple revisions. The updated release reads: WHEATIES™ PUSHES THE LIMITS OF ...

3 months ago - Business Wire

Wheaties™ Celebrates Sports and Equality Champion Billie Jean King on the Iconic Orange Box

MINNEAPOLIS--(BUSINESS WIRE)--Wheaties announced today its latest limited edition box featuring icon and activist athlete Billie Jean King, a true Wheaties Champion. While this is King's first Wheatie...

3 months ago - Business Wire

General Mills Advances Accelerate Strategy and Expands Pet Food Portfolio with Acquisition of Edgard & Cooper

MINNEAPOLIS--(BUSINESS WIRE)--General Mills (NYSE: GIS) today announced it has completed the acquisition of Edgard & Cooper, one of Europe's leading independent premium pet food brands. With this tran...

3 months ago - Business Wire

Exclusive: General Mills explores sale of $2 billion-plus yogurt business in North America, sources say

General Mills , the maker of Cocoa Puffs and Cheerios breakfast cereals, is exploring a sale of its North America yogurt business including its popular Yoplait brand in a deal that could be worth more...

3 months ago - Reuters

9 Stocks That Thrive When Interest Rates Are Higher

Though economic stress could be on the way, a few groups of stocks can benefit.

Other symbols: DUKEDKMBKOMCKUNHVRTX
3 months ago - Barrons