General Mills (NYSE:GIS – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01, Briefing.com reports. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS.
General Mills Price Performance
Shares of NYSE:GIS traded down $0.13 during trading on Friday, hitting $74.77. 1,093,494 shares of the stock were exchanged, compared to its average volume of 3,949,837. 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 company has a market cap of $41.73 billion, a PE ratio of 17.30, a P/E/G ratio of 3.86 and a beta of 0.10. The company has a fifty day moving average price of $69.69 and a two-hundred day moving average price of $68.44. General Mills has a 12-month low of $60.33 and a 12-month high of $75.90.
General Mills Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.21%. This is an increase from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is 55.68%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on GIS
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.
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