General Mills (NYSE:GIS) Updates FY 2026 Earnings Guidance

General Mills (NYSE:GIS) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.370-3.540 for the period, compared to the consensus earnings per share estimate of 3.660. The company issued revenue guidance of -.

General Mills Trading Up 0.9%

General Mills stock opened at $45.38 on Thursday. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 9.76 and a beta of -0.06. The firm has a 50-day moving average of $46.15 and a 200-day moving average of $47.73. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. General Mills has a one year low of $42.78 and a one year high of $67.35.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts expect that General Mills will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Friday, April 10th. General Mills’s payout ratio is currently 52.47%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GIS. Morgan Stanley cut their price target on General Mills from $47.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday. Stifel Nicolaus cut their target price on General Mills from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday. Jefferies Financial Group reduced their price objective on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Barclays decreased their target price on shares of General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, General Mills presently has a consensus rating of “Hold” and a consensus price target of $51.37.

Insider Transactions at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction on 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 $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Key General Mills News

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

• Positive Sentiment: Piper Sandler maintained an “overweight” stance despite trimming its target to $53, which signals some analyst confidence in upside versus current levels. General Mills price target lowered by Piper Sandler
• Positive Sentiment: The Motley Fool named General Mills a top dividend pick, keeping income-focused investors interested despite near‑term headwinds. 2 No-Brainer Dividend Stocks to Buy Right Now
• Positive Sentiment: MarketBeat included GIS on a “Food Stocks to Buy” list, highlighting the defensive nature of packaged‑food businesses for long‑term investors. Food Stocks to Buy Right Now (GIS)
• Neutral Sentiment: Coverage on General Mills’ push into protein‑fortified cereals suggests a brand repositioning toward health‑conscious consumers — a strategic long‑term play but unclear near‑term sales impact. Is General Mills (GIS) Using Protein Cereals to Reposition Its Core Brand Strategy?
• Neutral Sentiment: General Mills presented at the Consumer Analyst Group of New York (CAGNY); presentations may reveal strategic priorities but haven’t offset the market’s reaction to the guidance cut. General Mills Presents at CAGNY 2026
• Negative Sentiment: Company lowered FY‑2026 guidance: EPS range trimmed to $3.37–$3.54 (below consensus) and organic net sales now expected to fall ~1.5%–2% as shoppers trade down — the primary driver of today’s selloff. General Mills Wants to Win Health-Conscious Shoppers; Cut in Outlook Slams Stock
• Negative Sentiment: Market reports and screens show the stock fell after the guidance cut, with coverage noting weaker demand and higher restructuring costs (~$165M), which pressure near‑term profitability. General Mills Stock Down 7%, Guidance Lowered on Demand Pressure
• Negative Sentiment: Analysts pared targets: Wells Fargo cut to $45 (equal weight), reflecting reduced conviction and adding selling pressure from the sell‑side. Benzinga note on Wells Fargo target cut
• Negative Sentiment: Unusual bearish options activity — a large surge in put buying — signals traders are positioning for further downside or volatility. (Market options volume reported Feb. 17.)
• Negative Sentiment: Several bearish analysis pieces argue flat sales and valuation risks make GIS less attractive despite low historical multiples, which could weigh on sentiment until sales stabilize. Why Historically Low Valuations Are No Longer a ‘Buy’ Signal

Hedge Funds Weigh In On General Mills

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT grew its holdings in General Mills by 248.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock worth $29,000 after purchasing an additional 449 shares during the period. Binnacle Investments Inc grew its stake in shares of General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after buying an additional 500 shares during the period. Kelleher Financial Advisors bought a new stake in General Mills in the 3rd quarter valued at about $34,000. Ancora Advisors LLC raised its stake in General Mills by 124.9% during the 3rd quarter. Ancora Advisors LLC now owns 875 shares of the company’s stock worth $44,000 after buying an additional 486 shares during the period. Finally, Jessup Wealth Management Inc bought a new position in General Mills in the fourth quarter worth approximately $52,000. 75.71% of the stock is owned by institutional investors and hedge funds.

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.