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

General Mills (NYSE:GIS) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of 4.160-4.200 for the period, compared to the consensus EPS estimate of 4.340. The company issued revenue guidance of -.

General Mills Stock Performance

GIS opened at $60.35 on Friday. General Mills has a 1 year low of $55.15 and a 1 year high of $75.90. The company has a market capitalization of $33.27 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06. The business has a fifty day simple moving average of $59.98 and a 200 day simple moving average of $64.86. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.04. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the business posted $1.17 EPS. General Mills’s revenue for the quarter was down 5.1% on a year-over-year basis. Research analysts expect that General Mills will post 4.36 EPS for the current year.

General Mills Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.98%. The ex-dividend date is Thursday, April 10th. General Mills’s dividend payout ratio is currently 52.75%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley initiated coverage on shares of General Mills in a research report on Monday. They set an “underweight” rating and a $53.00 price target on the stock. Jefferies Financial Group upped their target price on General Mills from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. reduced their price target on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, March 20th. Piper Sandler lowered their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 price objective on shares of General Mills in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four 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 target price of $65.69.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of General Mills stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now owns 353,346 shares of the company’s stock, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by 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 savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.