General Mills (NYSE:GIS) Releases 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 -.

Wall Street Analysts Forecast Growth

GIS has been the topic of several analyst reports. Jefferies Financial Group dropped their target price on General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Sanford C. Bernstein set a $54.00 price objective on shares of General Mills and gave the company a “market perform” rating in a research note on Thursday, December 18th. Piper Sandler reissued an “overweight” rating and set a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada set a $63.00 price target on shares of General Mills and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $53.28.

General Mills Stock Down 0.5%

GIS stock opened at $48.32 on Tuesday. 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 firm has a 50 day simple moving average of $46.17 and a 200-day simple moving average of $47.77. The company has a market capitalization of $25.78 billion, a P/E ratio of 10.39 and a beta of -0.06. General Mills has a twelve month low of $42.78 and a twelve month high of $67.35.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same period 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 research analysts predict that General Mills will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.47%.

Insider Transactions at General Mills

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the sale, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Worldquant Millennium Advisors LLC bought a new stake in shares of General Mills during the 2nd quarter valued at about $84,862,000. Two Sigma Investments LP boosted its stake in General Mills by 82.8% in the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock valued at $172,226,000 after acquiring an additional 1,546,993 shares during the period. Invesco Ltd. grew its holdings in shares of General Mills by 13.0% during the third quarter. Invesco Ltd. now owns 7,664,990 shares of the company’s stock valued at $386,469,000 after purchasing an additional 883,150 shares during the last quarter. Marshall Wace LLP raised its position in shares of General Mills by 381.1% during the 3rd quarter. Marshall Wace LLP now owns 853,208 shares of the company’s stock worth $43,019,000 after purchasing an additional 675,877 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of General Mills by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock worth $915,953,000 after purchasing an additional 488,617 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors.

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.