General Mills (NYSE:GIS) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

General Mills (NYSE:GIS) posted its earnings results on Wednesday. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.02, RTT News reports. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.85 billion. General Mills had a net margin of 12.57% and a return on equity of 26.56%. General Mills’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $1.12 earnings per share. General Mills updated its FY 2025 guidance to 4.480-4.570 EPS.

General Mills Trading Down 0.7 %

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

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th will be given a dividend of $0.60 per share. This is an increase from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.79%. General Mills’s dividend payout ratio (DPR) is 54.76%.

Insider Buying and Selling at General Mills

In other General Mills news, insider Werner Lanette Shaffer sold 710 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $70.57, for a total transaction of $50,104.70. Following the transaction, the insider now owns 17,397 shares of the company’s stock, valued at approximately $1,227,706.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

Institutional Trading of General Mills

A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of General Mills by 1.4% in the 1st quarter. Private Trust Co. NA now owns 10,280 shares of the company’s stock valued at $719,000 after buying an additional 140 shares in the last quarter. North Star Investment Management Corp. boosted its stake in General Mills by 0.8% in the 1st quarter. North Star Investment Management Corp. now owns 17,228 shares of the company’s stock worth $1,205,000 after purchasing an additional 145 shares in the last quarter. Traverso Chambers Private Wealth Management LLC boosted its stake in General Mills by 1.0% in the 4th quarter. Traverso Chambers Private Wealth Management LLC now owns 16,156 shares of the company’s stock worth $1,052,000 after purchasing an additional 156 shares in the last quarter. Park Place Capital Corp boosted its stake in General Mills by 40.6% in the 1st quarter. Park Place Capital Corp now owns 540 shares of the company’s stock worth $38,000 after purchasing an additional 156 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. boosted its stake in General Mills by 2.9% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,866 shares of the company’s stock worth $382,000 after purchasing an additional 164 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on GIS shares. HSBC raised their target price on shares of General Mills from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Wells Fargo & Company lowered their price objective on shares of General Mills from $70.00 to $67.00 and set an “equal weight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of General Mills from $70.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley increased their price objective on shares of General Mills from $58.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, March 21st. Finally, Bank of America lowered their price objective on shares of General Mills from $70.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, General Mills presently has a consensus rating of “Hold” and a consensus price target of $70.44.

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.