Analysts Point To General Mills, Inc. (NYSE: GIS) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, GIS falls under the Consumer Defensive sector while operating within the Packaged Foods industry segment. The current market capitalization of General Mills, Inc. is $35.21B. A total of 2.52 million shares were traded on the day, compared to an average of 4.09M shares.

In the most recent transaction, Shaffer Werner Lanette sold 710 shares of GIS for 70.57 per share on May 13 ’24. After the transaction, the Chief Innovation Officer now owns 17,397 company shares. In a previous transaction on Mar 22 ’24, Nudi Jonathon sold 10,000 shares at 69.21 per share. GIS shares that Group President owns now total 93,381.

Among the insiders who sold shares, MORIKIS JOHN G disposed of 55 shares on Feb 22 ’24 at a per-share price of $65.76. This resulted in the Director holding 5,802 shares of GIS after the transaction. In another insider transaction, Nudi Jonathon sold 7,671 shares at $64.15 per share on Jan 29 ’24. Company shares held by the Group President now total 102,924.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. General Mills, Inc. pays an annual dividend of $2.36, resulting in a dividend yield of 3.74%, and it has a price to earnings (P/E) ratio of 14.65. GIS’s most recent ex-dividend date was 7/10/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 8/1/2024. Previously, the company paid the dividend on 5/1/2024 with an ex-dividend date of 4/9/2024. The GIS stock dividend was $0.59 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, GIS has a high of $77.63 and a low of $60.33.

As of this writing, GIS has an earnings estimate of $1.05 per share for the current quarter. EPS was calculated based on a consensus of 13.0 estimates, with a high estimate of $1.1 per share and a lower estimate of $1.0. The company reported an EPS of $1.09 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. GIS’s latest balance sheet shows that the firm has $819.20M in Cash & Short Term Investments as of fiscal 2022. There were $11.98B in debt and $8.02B in liabilities at the time. Its Book Value Per Share was $16.81, while its Total Shareholder’s Equity was $10.79B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GIS is Buy with a score of 3.47.

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