General Mills Inc

General Mills Inc Stock Forecast & Price Prediction

Live General Mills Inc Stock (GIS) Price
$64.10

21

Ratings

  • Buy 2
  • Hold 15
  • Sell 4
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$64.10

P/E Ratio

15.26

Volume Traded Today

$5.0M

Dividend

$0.6

52 Week High/low

75.90/61.48

General Mills Inc Market Cap

$35.59B

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GIS Summary

From what 21 stock analysts predict, the share price for General Mills Inc (GIS) might increase by 16.69% in the next year. This is based on a 12-month average estimation for GIS. Price targets go from $67 to $84. The majority of stock analysts believe GIS is a hold. Please note analyst price targets are not guaranteed and could be missed completely.

GIS Analyst Ratings

About 21 Wall Street analysts have assigned GIS 2 buy ratings, 15 hold ratings, and 4 sell ratings. This means that analysts expect General Mills Inc to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on GIS. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

GIS stock forecast by analyst

These are the latest 20 analyst ratings of GIS.

Analyst/Firm

Rating

Price Target

Change

Date

Ken Goldman
JP Morgan

Neutral

$67

Maintains

Oct 14, 2024
Andrew Lazar
Barclays

Equal-Weight

$74

Maintains

Sep 20, 2024
Robert Moskow
TD Cowen

Hold

$75

Maintains

Sep 20, 2024
Nik Modi
RBC Capital

Sector Perform

$70

Reiterates

Sep 19, 2024
Matthew Smith
Stifel

Buy

$82

Maintains

Sep 19, 2024
Thomas Palmer
Citigroup

Neutral

$75

Maintains

Sep 19, 2024
Michael Lavery
Piper Sandler

Overweight

$84

Maintains

Sep 19, 2024
Bryan Spillane
B of A Securities

Neutral

$78

Maintains

Sep 17, 2024
Thomas Palmer
Citigroup

Neutral

$76

Maintains

Sep 16, 2024
Chris Carey
Wells Fargo

Equal-Weight

$75

Maintains

Sep 13, 2024
Bryan Spillane
B of A Securities

Neutral

$75

Maintains

Sep 12, 2024
Taylor Conrad
Argus Research

Hold


Downgrade

Jul 16, 2024
John Baumgartner
Mizuho

Neutral

$62

Maintains

Jul 3, 2024
David Palmer
Evercore ISI Group

In-Line

$72

Maintains

Jun 28, 2024
Andrew Lazar
Barclays

Equal-Weight

$67

Maintains

Jun 28, 2024
Chris Carey
Wells Fargo

Equal-Weight

$67

Maintains

Jun 27, 2024
Nik Modi
RBC Capital

Sector Perform

$70

Reiterates

Jun 27, 2024
Thomas Palmer
Citigroup

Neutral

$68

Maintains

Jun 27, 2024
Matthew Smith
Stifel

Buy

$70

Maintains

Jun 27, 2024
Bryan Spillane
B of A Securities

Neutral

$68

Maintains

Jun 27, 2024

GIS Company Information

What They Do: Manufactures and markets branded consumer foods.

Business Model: The company operates through four segments: North America Retail, International, Pet, and North America Foodservice. It generates revenue by selling a diverse range of food products, including cereals, snacks, and meal kits, as well as pet food. Its products are distributed through various channels such as grocery stores, e-commerce platforms, and foodservice operators.

Other Information: Founded in 1866 and headquartered in Minneapolis, Minnesota, General Mills boasts a wide array of well-known brands, including Cheerios, Hรคagen-Dazs, and Betty Crocker. The company's extensive market reach and product diversification position it strongly in the consumer goods sector.
GIS
General Mills Inc (GIS)

When did it IPO

1983

Staff Count

34,000

Country

United States

Sector/Industry

Consumer Defensive/Packaged Foods

CEO

Mr. Jeffrey L. Harmening

Market Cap

$35.59B

General Mills Inc (GIS) Financial Data

In 2023, GIS generated $20.09B in revenue, which was a increase of 5.80% from the previous year. This can be seen as a signal that GIS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

$18.13B

0.00 %
From Previous Year

Revenue From 2022

$18.99B

4.78 %
From Previous Year

Revenue From 2023

$20.09B

5.80 %
From Previous Year
  • Revenue TTM $19.80B
  • Operating Margin TTM 17.5%
  • Gross profit TTM $6.93B
  • Return on assets TTM 7.3%
  • Return on equity TTM 24.2%
  • Profit Margin 12.1%
  • Book Value Per Share 16.69%
  • Market capitalisation $35.59B
  • Revenue for 2021 $18.13B
  • Revenue for 2022 $18.99B
  • Revenue for 2023 $20.09B
  • EPS this year (TTM) $4.20

General Mills Inc (GIS) Latest News

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - CNBC Television

Summary - Boris Schlosberg, managing director of FX strategy at BK Asset Management, discusses stock plays for three stocks on 'Power Lunch'.

Why It Matters - Boris Schlosberg's insights on stock plays can influence investment strategies, potentially impacting stock prices and market sentiment for the mentioned companies.

News Image

Mon, 21 Oct 2024

Sentiment - POSITIVE

Source - MarketBeat

Summary - Investors can identify buying opportunities in oversold stocks by analyzing specific fundamental and technical indicators.

Why It Matters - The emphasis on analyzing fundamental and technical indicators for oversold stocks signals potential investment opportunities, indicating a strategy for value-seeking investors.

News Image

Mon, 07 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - General Mills is well-positioned to address consumer challenges through its strong brands and innovative strategies.

Why It Matters - General Mills' strong brand portfolio and innovative strategies suggest resilience against market challenges, potentially leading to stable performance and growth, appealing to investors seeking reliability.

News Image

Tue, 24 Sep 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - General Mills (NYSE: GIS) declared a quarterly dividend of $0.60 per share, payable on November 1, 2024, to shareholders of record by October 10, 2024. The company has paid dividends for 126 years.

Why It Matters - General Mills' consistent dividend payment highlights financial stability and shareholder return, reinforcing investor confidence and potentially attracting income-focused buyers.

News Image

Mon, 23 Sep 2024

Sentiment - POSITIVE

Source - Benzinga

Summary - General Mills (GIS) may serve as a hedge against S&P 500 volatility. The company is undergoing a transformation, indicating potential for a significant performance reversal.

Why It Matters - General Mills offers a potential safe haven amid S&P 500 volatility, with signs of a business turnaround that could enhance its stock performance after a prolonged downturn.

News Image

Wed, 18 Sep 2024

Sentiment - POSITIVE

Source - Reuters

Summary - General Mills reported a smaller-than-expected decline in quarterly sales, supported by higher-priced snacks and pet foods amid slowing consumer demand.

Why It Matters - General Mills' smaller-than-expected sales decline indicates resilience in pricing strategy, suggesting potential stability in revenue amidst consumer demand challenges, which can impact stock performance.

...

GIS Frequently asked questions

The highest forecasted price for GIS is $84 from Christopher Growe at Stifel.

The lowest forecasted price for GIS is $67 from from UBS

The GIS analyst ratings consensus are 2 buy ratings, 15 hold ratings, and 4 sell ratings.