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

General Mills (NYSE:GIS) updated its FY 2025 earnings guidance on Tuesday. 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

A number of equities analysts have recently issued reports on GIS shares. Mizuho dropped their price objective on shares of General Mills from $70.00 to $62.00 and set a neutral rating for the company in a research note on Wednesday, July 3rd. Stifel Nicolaus cut their price target on shares of General Mills from $77.00 to $70.00 and set a buy rating for the company in a research note on Thursday, June 27th. JPMorgan Chase & Co. decreased their price objective on General Mills from $70.00 to $63.00 and set a neutral rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reissued a sector perform rating and issued a $70.00 target price on shares of General Mills in a report on Thursday, June 27th. Finally, Sanford C. Bernstein raised General Mills from an underperform rating to a market perform rating and boosted their price target for the company from $62.00 to $70.00 in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, General Mills currently has a consensus rating of Hold and an average price target of $69.71.

General Mills Price Performance

Shares of GIS stock opened at $73.58 on Thursday. General Mills has a 1 year low of $60.33 and a 1 year high of $74.45. The company has a current ratio of 0.65, a quick ratio of 0.38 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average is $67.19 and its 200-day moving average is $67.73. The firm has a market capitalization of $41.07 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 4.09 and a beta of 0.09.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, June 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.02. The firm had revenue of $4.71 billion for the quarter, compared to the consensus estimate of $4.85 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The business’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 earned $1.12 EPS. Sell-side analysts forecast that General Mills will post 4.49 EPS for the current fiscal year.

General Mills Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.26%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, July 10th. General Mills’s dividend payout ratio (DPR) is presently 55.68%.

About General Mills

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.