General Mills (NYSE:GIS) Sets New 12-Month Low – Here’s What Happened

General Mills, Inc. (NYSE:GIS) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $42.46 and last traded at $42.8560, with a volume of 1246423 shares. The stock had previously closed at $43.40.

Wall Street Analyst Weigh In

GIS has been the topic of a number of recent research reports. Zacks Research cut shares of General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Jefferies Financial Group decreased their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Barclays dropped their target price on General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Evercore set a $45.00 price objective on shares of General Mills in a research report on Wednesday, February 18th. Finally, Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.42.

General Mills Stock Performance

The stock’s 50-day moving average price is $45.45 and its 200-day moving average price is $47.26. The company has a market capitalization of $22.87 billion, a price-to-earnings ratio of 9.23 and a beta of -0.05. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66.

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

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.47%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the 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 sale, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Mills

A number of institutional investors have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of General Mills during the 3rd quarter worth about $25,000. Reflection Asset Management acquired a new stake in shares of General Mills during the fourth quarter worth $25,000. Bruce G. Allen Investments LLC increased its stake in General Mills by 139.8% in the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares during the last quarter. Close Asset Management Ltd purchased a new position in General Mills during the third quarter worth about $28,000. Finally, Davis Capital Management acquired a new stake in General Mills in the 3rd quarter worth about $29,000. 75.71% of the stock is owned by institutional investors and hedge funds.

About General Mills

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.