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

General Mills (NYSE:GIS) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.480-4.570 for the period, compared to the consensus estimate of 4.490. The company issued revenue guidance of -.

Analyst Ratings Changes

GIS has been the subject of several research analyst reports. Barclays dropped their price objective on General Mills from $72.00 to $67.00 and set an equal weight rating for the company in a report on Friday, June 28th. Mizuho cut their price target on shares of General Mills from $70.00 to $62.00 and set a neutral rating on the stock in a report on Wednesday, July 3rd. Bank of America decreased their price objective on shares of General Mills from $70.00 to $68.00 and set a neutral rating for the company in a report on Thursday, June 27th. JPMorgan Chase & Co. cut their target price on shares of General Mills from $70.00 to $63.00 and set a neutral rating on the stock in a research note on Thursday, June 27th. Finally, Argus reissued a hold rating on shares of General Mills in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $69.56.

General Mills Price Performance

Shares of NYSE:GIS opened at $74.51 on Friday. The firm’s 50 day simple moving average is $67.41 and its two-hundred day simple moving average is $67.77. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. The company has a market capitalization of $41.59 billion, a P/E ratio of 17.29, a P/E/G ratio of 4.09 and a beta of 0.09. General Mills has a 1-year low of $60.33 and a 1-year high of $74.83.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.02. The business had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. General Mills’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 EPS. Research analysts expect that General Mills will post 4.49 EPS for the current fiscal year.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.22%. This is a boost from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, July 10th. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

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.