Zacks Research Cuts Earnings Estimates for General Mills

General Mills, Inc. (NYSE:GIS) – Zacks Research cut their Q3 2026 EPS estimates for General Mills in a research note issued to investors on Wednesday, December 31st. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.80 for the quarter, down from their prior forecast of $0.88. The consensus estimate for General Mills’ current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills’ Q1 2027 earnings at $0.89 EPS, Q2 2027 earnings at $1.11 EPS, Q3 2027 earnings at $0.88 EPS, Q4 2027 earnings at $0.82 EPS, FY2027 earnings at $3.70 EPS, Q1 2028 earnings at $0.94 EPS, Q2 2028 earnings at $1.21 EPS and FY2028 earnings at $3.92 EPS.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS.

A number of other brokerages have also recently commented on GIS. Piper Sandler restated an “overweight” rating and set a $60.00 target price on shares of General Mills in a report on Thursday, December 18th. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Sanford C. Bernstein set a $54.00 target price on shares of General Mills and gave the stock a “market perform” rating in a report on Thursday, December 18th. Wells Fargo & Company decreased their price target on shares of General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, General Mills presently has an average rating of “Hold” and a consensus target price of $53.33.

General Mills Trading Down 1.2%

Shares of NYSE GIS opened at $43.85 on Monday. General Mills has a twelve month low of $43.80 and a twelve month high of $67.35. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The stock has a fifty day simple moving average of $46.75 and a 200-day simple moving average of $48.87. The stock has a market capitalization of $23.40 billion, a PE ratio of 9.43, a PEG ratio of 0.83 and a beta of -0.06.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, January 9th. General Mills’s dividend payout ratio is currently 52.47%.

Insider Activity at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the sale, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Trading of General Mills

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GIS. Vanguard Group Inc. grew its position in shares of General Mills by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock valued at $3,592,828,000 after buying an additional 581,045 shares during the last quarter. State Street Corp boosted its stake in General Mills by 0.4% in the third quarter. State Street Corp now owns 33,717,972 shares of the company’s stock valued at $1,700,060,000 after acquiring an additional 145,701 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of General Mills by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company’s stock worth $1,000,299,000 after purchasing an additional 265,870 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of General Mills by 1.1% during the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company’s stock worth $786,954,000 after purchasing an additional 170,587 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of General Mills by 15.9% in the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock valued at $494,548,000 after purchasing an additional 1,368,041 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Company Profile

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.