General Mills Inc. ($GIS) Stock Forecast: Down 1.0% Today

What is General Mills Inc.?

General Mills (GIS) is a multinational food company recognized for its popular consumer brands like Cheerios and Yoplait. Today, the stock showed a strong bearish movement in the market.

Why is General Mills Inc. going down?

GIS stock is down 1.0% on Sep 18, 2024 18:45

• The company announced mixed Q1 results, surpassing earnings expectations but facing a decline in sales due to unfavorable pricing and mix.
• Despite exceeding earnings and revenue estimates, there are concerns about General Mills' ability to adapt to a changing consumer environment and its increased brand investments.
• The bearish movement may also be linked to investors turning their attention to other stocks during a generally positive trading day in the U.S. market.
• In summary, the market movement for GIS today appears to be influenced by a blend of internal performance factors and external market conditions, resulting in a sense of caution among investors.

GIS Price Chart

GIS Technical Analysis

GIS News

GIS Q1 Earnings Top, Organic Sales Dip on Unfavorable Pricing

General Mills' first-quarter fiscal 2025 results reflect lower earnings and sales due to the adverse net price realization and mix.

https://www.zacks.com/stock/news/2337957/gis-q1-earnings-top-organic-sales-dip-on-unfavorable-pricing

General Mills Faces Mixed Q1 Results: Earnings Win, Sales Drop, And Big Bets On 2025 Rebound Why Is General Mills ( GIS ) Stock Sliding Today? - General Mills ( NYSE:GIS )

General Mills, Inc. GIS shares are trading marginally lower on Wednesday. The company reported first-quarter adjusted earnings per share of $1.07 ( down 2% ) , beating the street view of $1.06. Quarterly revenues of $4.85 billion outpaced the analyst consensus estimate of $4.801 billion.

https://www.benzinga.com/news/earnings/24/09/40917491/general-mills-faces-q1-mixed-results-earnings-win-sales-drop-and-big-bets-on-2025-rebound

General Mills ( GIS ) Tops Q1 Earnings and Revenue Estimates

General Mills (GIS) delivered earnings and revenue surprises of 1.90% and 1.42%, respectively, for the quarter ended August 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2337644/general-mills-gis-tops-q1-earnings-and-revenue-estimates

General Mills, Steelcase And 3 Stocks To Watch Heading Into Wednesday - General Mills ( NYSE:GIS )

With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects General Mills, Inc. GIS to report quarterly earnings at $1.06 per share on revenue of $4.80 billion before the opening bell, according to ...

https://www.benzinga.com/news/earnings/24/09/40912965/general-mills-steelcase-and-3-stocks-to-watch-heading-into-wednesday

General Mills' Q1 Earnings Coming Up: What Awaits GIS Stock?

General Mills' Q1 results are likely to reflect the impacts of a dynamic consumer landscape and increased brand investments.

https://www.zacks.com/stock/news/2336520/general-mills-q1-earnings-coming-up-what-awaits-gis-stock

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General Mills Inc. Price History

18.08.2024 - GIS Stock was down 1.0%

• The company announced mixed Q1 results, surpassing earnings expectations but facing a decline in sales due to unfavorable pricing and mix.
• Despite exceeding earnings and revenue estimates, there are concerns about General Mills' ability to adapt to a changing consumer environment and its increased brand investments.
• The bearish movement may also be linked to investors turning their attention to other stocks during a generally positive trading day in the U.S. market.
• In summary, the market movement for GIS today appears to be influenced by a blend of internal performance factors and external market conditions, resulting in a sense of caution among investors.

26.05.2024 - GIS Stock was down 6.6%

• General Mills faced challenges in the fourth quarter with a revenue decline of 6.3% year-on-year, falling short of analyst predictions.
• The company's EPS also failed to meet expectations, influencing the downward trend in the stock.
• Concerns over disappointing sales projections and a decrease in organic net sales across key categories resulted in a 4% decrease in shares, indicating investor apprehensions about the company's outlook.

26.05.2024 - GIS Stock was down 5.1%

• General Mills (GIS) shares decreased following lower-than-anticipated quarterly revenue figures and a conservative outlook related to reduced prices and sales volumes.
• In the fourth quarter, the company reported a 6.3% decrease in sales compared to the previous year, failing to meet analyst expectations.
• General Mills projected a yearly profit that was below what was predicted, citing challenges such as cost pressures, diminished demand for snack bars and pet food, and increased input expenses.
• The overall performance in Q4, marked by earnings per share missing the mark and revenue coming in below projections, contributed to the stock's decline.

28.05.2023 - GIS Stock was down 6.5%

• General Mills (GIS) experienced a strong bearish movement today.
• The company reported fourth-quarter sales growth that fell short of analyst expectations, with a 3% increase compared to the previous year.
• Slow demand for its ready-to-eat cereals, snacks, and meal kits due to higher prices contributed to the dip in sales volumes.
• General Mills forecasted a dour profit for the upcoming fiscal year as price hikes continued to impact customer demand.

31.07.2023 - GIS Stock was down 0.8%

• The bearish movement in GIS stock today can be attributed to the news of Hostess Brands exploring a sale and the potential interest from companies like General Mills. This news might have caused investors to speculate on the impact of a potential acquisition on General Mills' financials and future growth prospects. Additionally, the positive earnings surprise from Smucker (SJM) could have diverted some investor attention away from General Mills, leading to a bearish sentiment in the stock.

20.02.2024 - GIS Stock was up 2.3%

• General Mills (GIS) shares saw a notable increase following the announcement of a third-quarter FY24 sales decline of only 1% year-on-year, surpassing analyst predictions. This strong earnings performance and revenue beat contributed to the positive movement in the stock.
• The company exceeded expectations by 12.50% in earnings and 2.93% in revenue for the quarter ending in February 2024, showcasing robust performance and enhancing investor confidence.
• The positive news regarding General Mills outperforming Q3 earnings and revenue forecasts, combined with the overall favorable sentiment towards the stock, likely generated heightened investor interest and buying activity, driving the bullish market movement observed today.

01.08.2023 - GIS Stock was down 1.0%

• The bearish movement in GIS stock today can be attributed to the following factors:
• 1. Flat to negative net sales growth: an article from Seeking Alpha highlights General Mills' struggle with flat to negative net sales growth in most of its core divisions. This lackluster performance could have dampened investor sentiment and contributed to the bearish movement.
• 2. Mixed market performance: While GIS closed with a slight gain in the previous trading session, it lagged behind the overall market. This relative underperformance might have influenced investors to sell off their positions, leading to the bearish movement.
• 3. Potential sale of Hostess Brands: an article from MarketWatch mentions General Mills as one of the companies interested in acquiring Hostess Brands. This news could have created uncertainty among investors, as mergers and acquisitions can impact a company's financials and future prospects.
• 4. Lack of positive catalysts: an article from Seeking Alpha suggests that General Mills has faced a challenging year, but also mentions that the worst may be over. However, it seems that investors are still waiting for more concrete positive developments before committing to the stock, resulting in the bearish movement.
• Overall, the bearish movement in GIS stock today can be attributed to the company's flat to negative net sales growth, mixed market performance, uncertainty surrounding potential acquisitions, and the lack of strong positive catalysts.

21.07.2023 - GIS Stock was down 1.9%

• The bearish movement in GIS stock today could be attributed to the following factors:
• 1. Short percent of float decrease: The decrease in GIS's short percent of float indicates a decline in bearish sentiment among investors. This could be a positive sign for the stock, as it suggests that fewer investors are betting against its performance.
• 2. Appointment of new chief marketing officer at Pidilite Industries: While this news may not directly impact GIS, it could have created a sense of uncertainty or competition within the consumer goods industry. Investors might have reacted to this news by selling off GIS shares, leading to the bearish movement.
• 3. Overall market conditions: It's important to consider the broader market conditions when assessing the movement of any stock. If the overall market experienced a bearish trend today, it could have influenced the decline in GIS stock as well.
• 4. Daily trading session: The -0.79% move from the prior day could be a result of regular market fluctuations and profit-taking by traders. This alone may not indicate a significant shift in the long-term outlook for GIS.

17.10.2023 - GIS Stock was down 0.5%

• The bearish movement in GIS stock today can be attributed to the following factors:
• 1. Mixed market conditions: Despite the overall market conditions being mixed, General Mills shares edged down, indicating a weaker sentiment towards the stock. This could be due to concerns about the company's performance or future growth prospects.
• 2. Decrease in holdings: Charles Schwab Investment Management Inc. and Financial Architects Inc. both reduced their positions in General Mills during the second quarter. This selling pressure from institutional investors might have contributed to the bearish movement in the stock.
• 3. Market-wide trends: The bearish movement in GIS could also be influenced by broader market trends. The Russell 2000 index, which had a significant gain today, suggests that investors may have been rotating out of defensive stocks like General Mills and into more growth-oriented sectors.
• 4. CPI data and rate cut expectations: The market's reaction to the CPI data, with expectations of rate cuts in 2024, could have impacted investor sentiment towards General Mills. As a consumer goods company, General Mills may be sensitive to changes in interest rates and inflation expectations.
• Overall, the bearish movement in GIS stock today can be attributed to mixed market conditions, decrease in institutional holdings, broader market trends, and the impact of CPI data and rate cut expectations.

28.05.2023 - GIS Stock was down 6.3%

• The bearish movement in GIS stock today can be attributed to the following factors:
• 1. Downbeat Sales: General Mills posted disappointing sales figures in the fourth quarter, leading to a drop in the stock price. This news likely impacted investor sentiment and contributed to the bearish movement.
• 2. Market Downturn: The overall market experienced a decline, with the Dow Jones and NASDAQ both trading lower. This broader market trend could have influenced the bearish movement in GIS stock.
• 3. High Price Tag: Despite the promising opportunity in the global food market, some investors may have been deterred by the high price tag of GIS stock. This could have contributed to selling pressure and the subsequent bearish movement.
• 4. Dividend Announcement: General Mills also announced an increase in its dividend by 9%. While this may be seen as a positive development, it did not offset the impact of the disappointing topline numbers, leading to the bearish movement in the stock.
• Overall, the bearish movement in GIS stock today can be attributed to downbeat sales, market downturn, high price tag, and the limited impact of the dividend announcement.

28.05.2023 - GIS Stock was down 6.7%

• The bearish movement in GIS stock today can be attributed to the following factors:
• 1. Disappointing Sales Growth: General Mills reported fourth-quarter sales growth of 3% year-on-year, falling short of analyst expectations. The company's revenue of $5.03 billion missed the consensus estimate of $5.17 billion. This underperformance in sales could have contributed to the bearish sentiment.
• 2. Missed Revenue Expectations: The company's revenue miss of $150 million further added to the negative market sentiment. Investors may have reacted negatively to the lower-than-expected revenue figures, leading to the bearish movement in the stock.
• 3. Market Speculation: The news of the U.S. considering new curbs on AI chip exports to China, which impacted other stocks like Nvidia, could have also influenced the bearish movement in GIS stock. Market participants may have associated this news with potential disruptions in General Mills' supply chain or global operations, leading to a sell-off in the stock.
• 4. Earnings Outlook: With General Mills scheduled to report quarterly earnings, there might have been anticipation and speculation among investors regarding the company's financial performance. Any concerns or uncertainties about the upcoming earnings release could have contributed to the bearish movement in the stock.

25.06.2024 - GIS Stock was up 5.3%

• General Mills (GIS) stock showed a bullish trend, potentially linked to Asheesh Saksena's appointment as Chief Strategy & Growth Officer, indicating a focus on sustainable growth strategies.
• Highlighting dividend stocks with a history of payouts may have positively affected investor confidence in GIS as a dependable income stock.
• GIS's market response appears influenced by the strategic leadership change and its reputation for consistent dividend payments, positioning it attractively for investors seeking stability and growth opportunities.