General Mills (NYSE:GIS – Get Free Report) posted its earnings results on Wednesday. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01, Briefing.com reports. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.80 billion. During the same period last year, the company posted $1.09 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year.
General Mills Stock Up 0.7 %
GIS opened at $74.99 on Thursday. General Mills has a twelve month low of $60.33 and a twelve month high of $75.90. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average price of $69.45 and a 200-day moving average price of $68.40. The stock has a market capitalization of $41.86 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 3.86 and a beta of 0.10.
General Mills Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This is a positive change from General Mills’s previous quarterly dividend of $0.59. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. General Mills’s payout ratio is currently 55.68%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on General Mills
General Mills Company Profile
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.
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