Q3 EPS Estimates for General Mills Reduced by Zacks Research

General Mills, Inc. (NYSE:GIS) – Equities researchers at Zacks Research lowered their Q3 2026 earnings estimates for General Mills in a research note issued to investors on Monday, March 16th. Zacks Research analyst Team now anticipates that the company will earn $0.72 per share for the quarter, down from their previous forecast of $0.80. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for General Mills’ current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills’ Q4 2026 earnings at $0.76 EPS, FY2026 earnings at $3.44 EPS, Q1 2027 earnings at $0.87 EPS, Q2 2027 earnings at $1.14 EPS, Q3 2027 earnings at $0.79 EPS, Q4 2027 earnings at $0.75 EPS, FY2027 earnings at $3.55 EPS, Q1 2028 earnings at $0.93 EPS, Q2 2028 earnings at $1.23 EPS, Q3 2028 earnings at $0.82 EPS and FY2028 earnings at $3.75 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 the consensus estimate of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the company posted $1.40 EPS. General Mills’s revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS.

GIS has been the subject of a number of other research reports. UBS Group restated a “sell” rating and set a $40.00 target price on shares of General Mills in a research report on Wednesday, March 11th. Evercore set a $45.00 price target on General Mills in a report on Wednesday, February 18th. Jefferies Financial Group lowered their price objective on General Mills from $50.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, December 11th. Barclays cut their target price on shares of General Mills from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $48.94.

General Mills Stock Down 1.0%

Shares of GIS opened at $38.98 on Tuesday. The business’s fifty day moving average price is $44.87 and its two-hundred day moving average price is $46.94. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 8.38 and a beta of -0.05. General Mills has a 52 week low of $38.59 and a 52 week high of $62.61. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.3%. General Mills’s payout ratio is 52.47%.

Insider Buying and Selling

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On General Mills

Several institutional investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC bought a new position in General Mills during the 3rd quarter worth approximately $25,000. Reflection Asset Management acquired a new position in General Mills during the fourth quarter valued at approximately $25,000. Close Asset Management Ltd bought a new stake in General Mills in the third quarter valued at approximately $28,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills in the fourth quarter worth $26,000. Finally, Davis Capital Management acquired a new stake in General Mills in the third quarter worth $29,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about General Mills

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills reintroduced the La Tiara taco-shell brand, expanding it nationally and creating local jobs — a revenue/brand-growth positive that could help longer-term topline. General Mills Reintroduces La Tiara
• Positive Sentiment: Zacks Research slightly raised near-term quarter estimates for Q2 2027 and Q2 2028 (small EPS increases), providing a minor offset to broader cuts and signaling pockets of improvement in parts of the year. (Zacks Research reports)
• Neutral Sentiment: General Mills reports Q1 results this Wednesday before the open; previews flag likely revenue and EPS pressure from promotions, cost headwinds and strategic investments — the print will be a key short-term catalyst. What To Expect From General Mills’s (GIS) Q1 Earnings
• Negative Sentiment: Zacks Research issued multiple downward EPS revisions across FY2026–FY2028 and several quarters (including cuts to FY2026, FY2027 and FY2028), and holds a “Strong Sell” stance — a material negative for sentiment and near-term expectations.
• Negative Sentiment: Barclays trimmed its price target from $46 to $43 and moved to an “equal weight” rating, reducing upside implied by analyst targets and likely contributing to selling pressure. Barclays Lowers PT on GIS
• Negative Sentiment: Multiple earnings previews (Zacks, Yahoo) warn that promotions, cost pressures and investments are likely to depress Q3/Q1 results and margins — reinforcing the negative revisions and making the upcoming print a risk event. GIS Q3 Earnings Preview (Zacks)

About General Mills

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.