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

General Mills (NYSE:GIS) issued an update on its FY 2027 earnings guidance on Wednesday. The company provided EPS 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

General Mills stock opened at $34.89 on Wednesday. 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 52-week low of $31.75 and a 52-week high of $54.18. The firm has a market cap of $18.62 billion, a PE ratio of 8.53 and a beta of -0.03. The company’s 50 day moving average is $34.13 and its two-hundred day moving average is $39.94.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.13. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. On average, research analysts expect that General Mills will post 3.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GIS shares. Morgan Stanley reduced their price target on General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, June 5th. Mizuho decreased their target price on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 19th. Stifel Nicolaus reduced their price objective on shares of General Mills from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Sanford C. Bernstein downgraded shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of General Mills in a research report on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $39.06.

Insider Transactions at General Mills

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider directly owned 86,002 shares in the company, valued at $2,947,288.54. This represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This trade represents a 11.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On General Mills

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in General Mills by 2,970.1% during the 4th quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock worth $347,201,000 after purchasing an additional 7,223,487 shares in the last quarter. AQR Capital Management LLC lifted its position in General Mills by 366.1% during the fourth quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after buying an additional 4,019,319 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in General Mills during the second quarter worth approximately $84,862,000. Two Sigma Investments LP grew its stake in General Mills by 82.8% during the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock worth $172,226,000 after buying an additional 1,546,993 shares during the period. Finally, Invesco Ltd. increased its position in shares of General Mills by 14.6% in the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock worth $408,291,000 after acquiring an additional 1,115,465 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

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.