<div id="readability-page-1"><p>General Mills (NYSE:GIS - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04, Zacks reports. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.52 billion. During the same period last year, the business earned $1.07 EPS. General Mills's quarterly revenue was down 6.8% compared to the same quarter last year.</p><div><p><span></span><span>Get <strong>General Mills</strong> alerts:</span></p></div><h2>General Mills Stock Performance</h2><p>General Mills stock opened at $49.63 on Wednesday. General Mills has a 1-year low of $48.29 and a 1-year high of $75.66. The stock has a market cap of $26.92 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.24 and a beta of -0.02. The firm has a 50 day simple moving average of $49.87 and a 200-day simple moving average of $54.02. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.67 and a quick ratio of 0.43. </p><h2>General Mills Increases Dividend</h2><p>The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, July 10th. This is a positive change from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio  is presently 59.51%. </p><h2>Institutional Trading of General Mills</h2><p>A number of institutional investors have recently bought and sold shares of the business. Darwin Wealth Management LLC purchased a new stake in shares of  General Mills in the second quarter valued at about $68,000.  MUFG Securities EMEA plc acquired a new stake in shares of  General Mills in the second quarter worth $84,000.  Rakuten Securities Inc. raised its stake in shares of  General Mills by 825.9% in the 2nd quarter. Rakuten Securities Inc. now owns 2,250 shares of the company's stock valued at $117,000 after acquiring an additional 2,007 shares during the period.  Voleon Capital Management LP acquired a new position in shares of  General Mills during the second quarter worth about $219,000.  Finally, Keel Point LLC boosted its position in shares of  General Mills by 47.1% in the second quarter. Keel Point LLC now owns 5,736 shares of the company's stock worth $297,000 after buying an additional 1,837 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of brokerages recently issued reports on GIS. JPMorgan Chase &amp; Co.  reiterated an &#34;underweight&#34; rating and issued a $45.00 price target (down previously from $53.00) on shares of General Mills in a report on Wednesday, August 20th. The Goldman Sachs Group cut General Mills from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and lowered their target price for the stock from $68.00 to $58.00 in a report on Monday, June 9th. Bank of America cut their price target on General Mills from $63.00 to $61.00 and set a &#34;buy&#34; rating on the stock in a research note on Thursday, June 26th. Royal Bank Of Canada upgraded shares of General Mills from a &#34;sector perform&#34; rating to an &#34;outperform&#34; rating and dropped their target price for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. Finally, Zacks Research raised shares of General Mills from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued  a Sell rating to the company. According to MarketBeat, the company  has a consensus rating of &#34;Hold&#34; and an average target price of $58.93.</p><p><b>Read Our Latest Stock Analysis on General Mills</b></p><h2>About General Mills</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than General Mills</li><li>Investing in Travel Stocks Benefits</li><li>This Defense Stock Is Up 113% This Year—Is It Still a Buy?</li><li>How to Plot Fibonacci Price Inflection Levels </li><li>Rezolute Stock: FDA Fast Track Fuels 2025 Breakout</li><li>EV Stocks and How to Profit from Them </li><li>Is It Time to Trim Your Positions in These 2 AI Stocks?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdJUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdJUw"/></p><h2>Should You Invest $1,000 in General Mills Right Now?</h2><p>Before you consider General Mills, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Mills wasn't on the list.</p><p>While General Mills currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>General Mills (NYSE:GIS) reported quarterly earnings of $0.86 EPS, exceeding estimates of $0.81. The company had a net margin of 11.78% and revenue of $4.52 billion, matching analyst expectations. This marks a 6.8% decline in revenue compared to the previous year. General Mills also declared a quarterly dividend of $0.61 per share, up from $0.60. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and an average target price of $58.93.</p>

General Mills (NYSE:GIS) Issues Quarterly Earnings Results