General Mills (NYSE:GIS) Hits New 12-Month Low – What’s Next?

General Mills, Inc. (NYSE:GIS)’s stock price reached a new 52-week low on Monday . The company traded as low as $44.97 and last traded at $44.7170, with a volume of 1726614 shares trading hands. The stock had previously closed at $45.72.

Analyst Ratings Changes

Several analysts have issued reports on GIS shares. Royal Bank Of Canada set a $63.00 price objective on General Mills and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Stifel Nicolaus cut their price target on shares of General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Bernstein Bank decreased their price objective on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, September 18th. Mizuho lowered their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. Finally, Morgan Stanley set a $47.00 target price on General Mills and gave the company an “underweight” rating in a report on Wednesday, December 17th. Five research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $53.33.

General Mills Stock Performance

The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $22.93 billion, a PE ratio of 9.24, a PEG ratio of 0.83 and a beta of -0.06. The firm’s fifty day moving average price is $46.75 and its 200 day moving average price is $48.87.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The business’s revenue for the quarter was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, research analysts anticipate that General Mills, Inc. will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 annualized dividend and a dividend yield of 5.7%. General Mills’s payout ratio is presently 52.47%.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On General Mills

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tounjian Advisory Partners LLC raised its position in shares of General Mills by 2.1% in the fourth quarter. Tounjian Advisory Partners LLC now owns 21,648 shares of the company’s stock valued at $1,007,000 after purchasing an additional 438 shares during the period. Sovereign Financial Group Inc. grew its stake in General Mills by 2.1% in the 4th quarter. Sovereign Financial Group Inc. now owns 20,948 shares of the company’s stock valued at $974,000 after buying an additional 428 shares during the last quarter. Cyndeo Wealth Partners LLC grew its stake in General Mills by 19.5% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 5,836 shares of the company’s stock valued at $271,000 after buying an additional 952 shares during the last quarter. Crescent Sterling Ltd. raised its holdings in General Mills by 5.5% in the 4th quarter. Crescent Sterling Ltd. now owns 10,138 shares of the company’s stock worth $471,000 after acquiring an additional 526 shares during the period. Finally, City Center Advisors LLC lifted its position in General Mills by 14.7% during the 4th quarter. City Center Advisors LLC now owns 8,523 shares of the company’s stock worth $396,000 after acquiring an additional 1,094 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.