General Mills (NYSE:GIS) Issues FY 2027 Earnings Guidance

General Mills (NYSE:GIS) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.000-3.200 for the period, compared to the consensus earnings per share estimate of 3.130. The company issued revenue guidance of -.

General Mills Price Performance

Shares of General Mills stock opened at $37.61 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. General Mills has a twelve month low of $31.75 and a twelve month high of $54.18. The company has a 50-day simple moving average of $34.18 and a two-hundred day simple moving average of $39.88. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 9.20 and a beta of -0.03.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.General Mills’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts forecast that General Mills will post 3.42 EPS for the current year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, July 10th. General Mills’s dividend payout ratio (DPR) is presently 59.66%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GIS shares. Morgan Stanley cut their target price on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company cut their target price on shares of General Mills from $33.00 to $30.00 and set an “underweight” rating on the stock in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. TD Cowen cut their target price on General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Finally, Mizuho cut their price objective on General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, General Mills currently has a consensus rating of “Reduce” and an average price target of $38.44.

Insider Buying and Selling at General Mills

In other General Mills news, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the sale, the insider directly owned 86,002 shares in the company, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by corporate insiders.

Key General Mills News

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

• Positive Sentiment: General Mills beat Wall Street estimates for both earnings and revenue, with adjusted EPS of $0.95 versus $0.80 expected and sales of $4.61 billion versus $4.59 billion expected, signaling resilient demand in packaged foods. Reuters: General Mills beats quarterly estimates on steady staples demand, higher prices
• Positive Sentiment: Management announced a plan to generate about $3 billion in cost savings, which investors view as a way to protect margins and offset inflation and softer consumer spending. Article: Why General Mills Stock Jumped Today
• Positive Sentiment: The company also maintained its quarterly dividend, reinforcing its appeal as a defensive income stock while earnings improve. Article: General Mills (GIS) Stock Climbs on Dividend Stability and $3B Cost Reduction Plan
• Neutral Sentiment: Conference call commentary emphasized brand investment, innovation, protein-focused products, and pet food as long-term growth drivers, but also highlighted ongoing pressure from inflation and changing consumer behavior. TipRanks: General Mills Earnings Call Balances Progress And Pressure
• Negative Sentiment: Despite the beat, fiscal 2027 EPS guidance of $3.00 to $3.20 came in below the Street’s roughly $3.13 estimate, which could limit upside if investors focus on slower forward growth. Article: General Mills tops quarterly expectations despite cautious FY2027 outlook

Institutional Trading of General Mills

Several institutional investors and hedge funds have recently made changes to their positions in GIS. Marshall Wace LLP purchased a new position in shares of General Mills in the 2nd quarter worth approximately $9,188,000. Bank of Nova Scotia boosted its position in General Mills by 4.1% in the second quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock worth $3,374,000 after purchasing an additional 2,552 shares during the last quarter. WINTON GROUP Ltd grew its stake in General Mills by 112.6% in the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock valued at $465,000 after purchasing an additional 4,752 shares during the period. Daiwa Securities Group Inc. increased its position in shares of General Mills by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after purchasing an additional 3,814 shares during the last quarter. Finally, Nebula Research & Development LLC increased its position in shares of General Mills by 334.2% during the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock valued at $1,012,000 after purchasing an additional 15,041 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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.