Q2 EPS Estimates for General Mills Reduced by Zacks Research

General Mills, Inc. (NYSE:GIS) – Investment analysts at Zacks Research dropped their Q2 2027 earnings per share estimates for General Mills in a report issued on Wednesday, October 7th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.96 per share for the quarter, down from their prior estimate of $0.98. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for General Mills’ current full-year earnings is $3.08 per share. Zacks Research also issued estimates for General Mills’ FY2027 earnings at $3.03 EPS, Q1 2028 earnings at $0.77 EPS, Q2 2028 earnings at $0.96 EPS, Q1 2029 earnings at $0.77 EPS and FY2029 earnings at $3.28 EPS.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.35 billion. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%.The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share.

GIS has been the subject of several other research reports. Evercore set a $38.00 price objective on General Mills in a report on Monday, September 14th. TD Cowen upped their price target on shares of General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, September 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $45.00 price target on shares of General Mills in a research report on Monday, September 21st. Bank of America reiterated a “neutral” rating on shares of General Mills in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, General Mills has a consensus rating of “Reduce” and an average price target of $36.59.

General Mills Stock Down 1.3%

NYSE:GIS opened at $31.77 on Thursday. General Mills has a twelve month low of $31.17 and a twelve month high of $50.93. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of -19.14, a price-to-earnings-growth ratio of 1.74 and a beta of 0.03. The company has a quick ratio of 0.39, a current ratio of 0.70 and a debt-to-equity ratio of 1.66. The stock’s 50 day moving average price is $36.92 and its two-hundred day moving average price is $35.87.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be paid a $0.61 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $2.44 dividend on an annualized basis and a yield of 7.7%. General Mills’s dividend payout ratio is -146.99%.

Institutional Investors Weigh In On General Mills

Several hedge funds have recently bought and sold shares of the stock. Reflection Asset Management bought a new position in shares of General Mills during the fourth quarter worth approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in General Mills in the 4th quarter valued at $26,000. Brown Shipley& Co Ltd acquired a new position in General Mills in the 1st quarter valued at $26,000. Silvant Capital Management LLC bought a new position in General Mills during the 2nd quarter worth $26,000. Finally, Main Street Group LTD bought a new position in General Mills during the 1st quarter worth $27,000. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Company Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its products include cereal, snack bars, refrigerated dough, baking mixes, yogurt, soup, meals, frozen foods, and pet food, serving retail, foodservice, and pet channels.

The company’s portfolio includes well-known brands such as Cheerios, Betty Crocker, Pillsbury, Nature Valley, Yoplait, Häagen-Dazs, Old El Paso, Progresso, Totino’s, Annie’s, and Blue Buffalo. General Mills sells its products primarily in the United States and also serves consumers in international markets across multiple regions.

General Mills traces its history to the Minneapolis Milling Company, established in 1856, and adopted the General Mills name following a 1928 combination of several milling businesses.