GIS Stock Overview
General Mills, Inc. manufactures and markets branded consumer foods worldwide.
General Mills Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$78.79|
|52 Week High||US$81.24|
|52 Week Low||US$59.14|
|1 Month Change||2.03%|
|3 Month Change||4.43%|
|1 Year Change||29.65%|
|3 Year Change||48.91%|
|5 Year Change||51.49%|
|Change since IPO||763.45%|
Recent News & Updates
General Mills Might Provide Calmer Waters for Those Seeking Refuge
When debt becomes expensive, growth stories leave the headlines, and market woes take their place. In that environment, money looks for a safe harbor provided – amongst the others – in the Consumer Staples sector. Thus, it is not surprising that General Mills, Inc. (NYSE: GIS) has been doing better than expected, providing a stable dividend at a very reasonable valuation compared to its peers.
General Mills declares $0.54 dividend
General Mills (NYSE:GIS) declares $0.54/share quarterly dividend, in line with previous. Forward yield 2.75% Payable Nov. 1; for shareholders of record Oct. 10; ex-div Oct. 7. See GIS Dividend Scorecard, Yield Chart, & Dividend Growth.
|GIS||US Food||US Market|
Return vs Industry: GIS exceeded the US Food industry which returned 0.1% over the past year.
Return vs Market: GIS exceeded the US Market which returned -22.1% over the past year.
|GIS Average Weekly Movement||2.6%|
|Food Industry Average Movement||5.5%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: GIS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GIS's weekly volatility (3%) has been stable over the past year.
About the Company
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers 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 salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables.
General Mills Fundamentals Summary
|GIS fundamental statistics|
Is GIS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GIS income statement (TTM)|
|Cost of Revenue||US$12.91b|
Last Reported Earnings
Aug 28, 2022
Next Earnings Date
|Earnings per share (EPS)||4.89|
|Net Profit Margin||15.13%|
How did GIS perform over the long term?See historical performance and comparison
2.7%Current Dividend Yield
Is GIS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GIS?
Other financial metrics that can be useful for relative valuation.
|What is GIS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GIS's PE Ratio compare to its peers?
|GIS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
KHC Kraft Heinz
MDLZ Mondelez International
GIS General Mills
Price-To-Earnings vs Peers: GIS is good value based on its Price-To-Earnings Ratio (16.1x) compared to the peer average (23.2x).
Price to Earnings Ratio vs Industry
How does GIS's PE Ratio compare vs other companies in the US Food Industry?
Price-To-Earnings vs Industry: GIS is good value based on its Price-To-Earnings Ratio (16.1x) compared to the US Food industry average (18.2x)
Price to Earnings Ratio vs Fair Ratio
What is GIS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||16.1x|
|Fair PE Ratio||24.6x|
Price-To-Earnings vs Fair Ratio: GIS is good value based on its Price-To-Earnings Ratio (16.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.6x).
Share Price vs Fair Value
What is the Fair Price of GIS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GIS ($78.79) is trading below our estimate of fair value ($150.05)
Significantly Below Fair Value: GIS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is lower than the current share price.
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How is General Mills forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GIS's forecast earnings growth (4% per year) is above the savings rate (1.9%).
Earnings vs Market: GIS's earnings (4% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: GIS's earnings are forecast to grow, but not significantly.
Revenue vs Market: GIS's revenue (1.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GIS's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GIS's Return on Equity is forecast to be high in 3 years time (22.5%)
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How has General Mills performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GIS has a large one-off gain of $619.9M impacting its August 28 2022 financial results.
Growing Profit Margin: GIS's current net profit margins (15.1%) are higher than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: GIS's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: GIS's earnings growth over the past year (24.6%) exceeds its 5-year average (8.1% per year).
Earnings vs Industry: GIS earnings growth over the past year (24.6%) exceeded the Food industry 0.3%.
Return on Equity
High ROE: Whilst GIS's Return on Equity (26.97%) is high, this metric is skewed due to their high level of debt.
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How is General Mills's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GIS's short term assets ($5.1B) do not cover its short term liabilities ($8.6B).
Long Term Liabilities: GIS's short term assets ($5.1B) do not cover its long term liabilities ($11.7B).
Debt to Equity History and Analysis
Debt Level: GIS's net debt to equity ratio (101.3%) is considered high.
Reducing Debt: GIS's debt to equity ratio has reduced from 191.9% to 106.8% over the past 5 years.
Debt Coverage: GIS's debt is well covered by operating cash flow (28.8%).
Interest Coverage: GIS's interest payments on its debt are well covered by EBIT (8.6x coverage).
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What is General Mills's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|General Mills Dividend Yield vs Market|
|Company (General Mills)||2.7%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Food)||2.7%|
|Analyst forecast in 3 Years (General Mills)||2.9%|
Notable Dividend: GIS's dividend (2.74%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: GIS's dividend (2.74%) is low compared to the top 25% of dividend payers in the US market (4.69%).
Stability and Growth of Payments
Stable Dividend: GIS's dividends per share have been stable in the past 10 years.
Growing Dividend: GIS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.2%), GIS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (46.1%), GIS's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Harmening (55 yo)
Mr. Jeffrey L. Harmening, also known as Jeff, has been the Chief Executive Officer at General Mills, Inc. since June 1, 2017. Mr. Harmening served as the President of General Mills, Inc. since July 1, 2016...
CEO Compensation Analysis
|Jeff Harmening's Compensation vs General Mills Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Aug 28 2022||n/a||n/a|
|May 29 2022||US$12m||US$1m|
|Feb 27 2022||n/a||n/a|
|Nov 28 2021||n/a||n/a|
|Aug 29 2021||n/a||n/a|
|May 30 2021||n/a||n/a|
|Feb 28 2021||n/a||n/a|
|Nov 29 2020||n/a||n/a|
|Aug 30 2020||n/a||n/a|
|May 31 2020||US$16m||US$1m|
|Feb 23 2020||n/a||n/a|
|Nov 24 2019||n/a||n/a|
|Aug 25 2019||n/a||n/a|
|May 26 2019||US$10m||US$1m|
|Feb 24 2019||n/a||n/a|
|Nov 25 2018||n/a||n/a|
|Aug 26 2018||n/a||n/a|
|May 27 2018||US$8m||US$1m|
|Feb 25 2018||n/a||n/a|
|Nov 26 2017||n/a||n/a|
|Aug 27 2017||n/a||n/a|
|May 28 2017||US$5m||US$775k|
|Feb 26 2017||n/a||n/a|
|Nov 27 2016||n/a||n/a|
|Aug 28 2016||n/a||n/a|
|May 29 2016||US$4m||US$650k|
Compensation vs Market: Jeff's total compensation ($USD12.27M) is about average for companies of similar size in the US market ($USD13.05M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Experienced Management: GIS's management team is seasoned and experienced (5.2 years average tenure).
Experienced Board: GIS's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GIS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
|22 Sep 22||SellUS$1,253,453||Shawn O'Grady||Individual||15,558||US$80.58|
|04 Aug 22||SellUS$1,180,296||Jodi Benson||Individual||15,685||US$75.25|
|06 Jul 22||SellUS$413,168||Dana McNabb||Individual||5,425||US$76.16|
|10 Jan 22||SellUS$621,092||Bethany Quam||Individual||9,000||US$69.01|
|07 Jan 22||SellUS$933,067||Dana McNabb||Individual||13,553||US$68.89|
|28 Dec 21||SellUS$332,962||Jodi Benson||Individual||5,000||US$66.59|
|20 Oct 21||SellUS$307,148||Sean Walker||Individual||4,894||US$62.76|
|06 Oct 21||SellUS$597,601||Jonathon Nudi||Individual||9,725||US$61.45|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||303,048||0.05%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
General Mills, Inc.'s employee growth, exchange listings and data sources
- Name: General Mills, Inc.
- Ticker: GIS
- Exchange: NYSE
- Founded: 1866
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: US$46.765b
- Shares outstanding: 593.54m
- Website: https://www.generalmills.com
Number of Employees
- General Mills, Inc.
- Number One General Mills Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GIS||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|GRM||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|GRM||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1968|
|GIS||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jan 1968|
|0R1X||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1968|
|GIS||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jan 1968|
|GIS *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1968|
|G1MI34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REPR 1 SHS UNSPON||BR||BRL||Jan 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.