General Mills (NYSE:GIS) Issues Earnings Results

General Mills (NYSE:GIS) posted its quarterly earnings data on Wednesday. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.13, FiscalAI reports. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter last year, the business earned $0.53 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills updated its FY 2027 guidance to 3.000-3.200 EPS.

Here are the key takeaways from General Mills’ conference call:

• General Mills said fiscal 2026 ended in line with expectations, with fourth-quarter organic sales flat and profit and EPS up, supported by HMM savings, trade timing, and the 53rd week. Management said this leaves the company better positioned to pursue sustainable, profitable growth.
• The company is guiding fiscal 2027 to be a better year, with organic net sales expected between down 1.5% and up 0.5%, and adjusted EPS of $3.00 to $3.20. Management said the plan is to drive a “step change in remarkability” through more innovation, packaging, and brand communication.
• General Mills identified $3 billion in cumulative cost savings opportunities through fiscal 2030, including about $2 billion from its Holistic Margin Management program and $1 billion from transformation and other actions. It expects about $750 million of savings in fiscal 2027, with more benefit from supply chain redesign and AI-driven efficiency later.
• Management highlighted improving consumer and brand trends in fiscal 2026, including a rebound in base volume, growth in household penetration, and stronger share performance in several businesses. Cheerios, Nature Valley, Annie’s, international, and foodservice were cited as areas of momentum.
• The company said the consumer backdrop remains weak, with lower category volume growth, more promotion-driven buying, and pressure on everyday price mix. Totino’s in North America Retail and Wilderness in North America Pet were singled out as major drags on fiscal 2026 results and key turnaround priorities for fiscal 2027.

General Mills Stock Down 4.1%

Shares of GIS opened at $34.89 on Wednesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. General Mills has a 52 week low of $31.75 and a 52 week high of $54.18. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 8.53 and a beta of -0.03. The stock has a fifty day moving average of $34.13 and a 200-day moving average of $39.94.

Insiders Place Their Bets

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

Institutional Investors Weigh In On General Mills

Several hedge funds have recently added to or reduced their stakes in GIS. State Street Corp boosted its position in General Mills by 0.4% during the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after buying an additional 145,701 shares during the period. Charles Schwab Investment Management Inc. increased its position in 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 valued at $915,953,000 after acquiring an additional 488,617 shares during the period. Morgan Stanley increased its position in General Mills by 2.1% in the 4th quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock valued at $457,443,000 after acquiring an additional 200,043 shares during the period. Invesco Ltd. raised its stake in shares of General Mills by 14.6% during the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock valued at $408,291,000 after acquiring an additional 1,115,465 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of General Mills by 2,970.1% during the fourth quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after acquiring an additional 7,223,487 shares during the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on GIS. Wells Fargo & Company decreased 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. Weiss Ratings reiterated a “sell (d)” rating on shares of General Mills in a research note on Tuesday, June 16th. Stifel Nicolaus reduced their price target on General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price objective on General Mills from $36.00 to $31.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, General Mills currently has an average rating of “Reduce” and an average target price of $39.06.

Key Stories Impacting General Mills

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

• Positive Sentiment: General Mills reported Q4 adjusted EPS of $0.95, well above the $0.80 consensus, with revenue of $4.61 billion also slightly ahead of estimates. The earnings beat is the main driver behind the stock’s gains. General Mills (GIS) Stock Surges 4% on Strong Q4 Earnings Beat
• Positive Sentiment: The company said it is focusing on organic sales growth, cost cuts, and product expansion to win back consumers, which could support margins and stabilize results over time. General Mills Stock Rises on Earnings and Says It‘s Focusing on Organic Sales Growth
• Neutral Sentiment: General Mills guided fiscal 2027 EPS to $3.00-$3.20 versus a $3.13 consensus, which suggests expectations are roughly balanced rather than a major upside surprise. General Mills earnings report and guidance
• Neutral Sentiment: Investors are also watching signs that North America retail sales remain weak even as international sales improve, highlighting a mixed demand backdrop. General Mills in charts: North America Retail sales continue to fall as international grows Y/Y
• Negative Sentiment: The company swung to a quarterly loss on a GAAP basis, underscoring continued pressure from cautious consumers and a challenging packaged-foods environment. General Mills Swings to Loss, Works to Win Back ‘Challenging’ Consumers

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.