General Mills Q3 Earnings Forecast Lifted by Zacks Research

General Mills, Inc. (NYSE:GIS) – Equities researchers at Zacks Research lifted their Q3 2027 EPS estimates for shares of General Mills in a research note issued on Wednesday, October 7th. Zacks Research analyst Team now forecasts that the company will earn $0.67 per share for the quarter, up from their prior forecast of $0.64. Zacks Research has a “Hold” rating on the stock. The consensus estimate for General Mills’ current full-year earnings is $3.08 per share. Zacks Research also issued estimates for General Mills’ Q4 2027 earnings at $0.65 EPS, Q3 2028 earnings at $0.76 EPS, Q4 2028 earnings at $0.70 EPS and FY2028 earnings at $3.19 EPS.

Several other equities research analysts have also recently commented on the company. UBS Group reissued a “sell” rating on shares of General Mills in a report on Wednesday, September 16th. Jefferies Financial Group set a $35.00 price target on General Mills in a research note on Thursday, September 10th. Bank of America reiterated a “neutral” rating on shares of General Mills in a research report on Thursday, September 24th. Evercore set a $38.00 price objective on General Mills in a research note on Monday, September 14th. Finally, TD Cowen upped their price objective on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, September 24th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $36.59.

General Mills Trading Up 2.7%

General Mills stock opened at $32.62 on Friday. The firm has a 50 day simple moving average of $36.84 and a 200-day simple moving average of $35.84. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.70 and a quick ratio of 0.39. The stock has a market capitalization of $17.44 billion, a PE ratio of -19.65, a price-to-earnings-growth ratio of 1.72 and a beta of 0.03. General Mills has a 12-month low of $31.17 and a 12-month high of $49.96.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. General Mills had a negative net margin of 4.89% and a positive return on equity of 21.86%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company earned $0.86 EPS. General Mills’s quarterly revenue was down 2.8% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of General Mills by 28.7% during the 3rd quarter. GAMMA Investing LLC now owns 28,717 shares of the company’s stock worth $924,000 after acquiring an additional 6,400 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of General Mills by 33.6% during the third quarter. Farther Finance Advisors LLC now owns 47,564 shares of the company’s stock worth $1,530,000 after purchasing an additional 11,967 shares during the period. Apella Capital LLC raised its position in shares of General Mills by 12.6% during the third quarter. Apella Capital LLC now owns 12,551 shares of the company’s stock worth $399,000 after purchasing an additional 1,403 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of General Mills by 40.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,619 shares of the company’s stock valued at $84,000 after purchasing an additional 751 shares during the last quarter. Finally, CX Institutional lifted its holdings in shares of General Mills by 17.6% during the third quarter. CX Institutional now owns 5,100 shares of the company’s stock valued at $164,000 after purchasing an additional 762 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Tuesday, October 13th. General Mills’s dividend payout ratio (DPR) is presently -146.99%.

Trending Headlines about General Mills

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

• Positive Sentiment: Zacks Research raised its FY2029 EPS estimate to $3.28 from $3.26 and lifted its Q3 2027 forecast to $0.67 from $0.64. It also increased its Q3 2028 estimate to $0.76 from $0.65 and FY2028 to $3.19 from $3.18, providing some longer-term support for GIS.
• Positive Sentiment: General Mills has a lengthy dividend history of 127 consecutive years and a yield above 7%, which may attract income-focused investors despite the company’s operational challenges. Is General Mills a Dividend Stock Worth Owning or a Value Trap?
• Neutral Sentiment: Zacks Research maintained a “Hold” rating. Its current-year consensus EPS estimate remains $3.08, suggesting analysts see limited near-term catalysts while awaiting clearer evidence of an earnings recovery.
• Negative Sentiment: Zacks cut estimates for Q4 2027 EPS to $0.65 from $0.69, Q4 2028 EPS to $0.70 from $0.74, Q1 2028 EPS to $0.77 from $0.80, Q2 2028 EPS to $0.96 from $0.99, Q2 2027 EPS to $0.96 from $0.98, and FY2027 EPS to $3.03 from $3.04. These revisions indicate uneven expectations and could weigh on the stock.
• Negative Sentiment: The dividend’s unusually high yield comes as the shares trade near decade lows, while profits have declined and debt has increased. The combination raises questions about dividend sustainability and may explain why investors view the stock as either a bargain or a potential value trap. Is General Mills a Dividend Stock Worth Owning or a Value Trap?

About General Mills

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its products include cereal, snack bars, refrigerated dough, baking mixes, yogurt, soup, meals, frozen foods, and pet food, serving retail, foodservice, and pet channels.

The company’s portfolio includes well-known brands such as Cheerios, Betty Crocker, Pillsbury, Nature Valley, Yoplait, Häagen-Dazs, Old El Paso, Progresso, Totino’s, Annie’s, and Blue Buffalo. General Mills sells its products primarily in the United States and also serves consumers in international markets across multiple regions.

General Mills traces its history to the Minneapolis Milling Company, established in 1856, and adopted the General Mills name following a 1928 combination of several milling businesses.