Zacks Research Predicts Weaker Earnings for General Mills

General Mills, Inc. (NYSE:GIS) – Zacks Research dropped their Q1 2027 earnings estimates for shares of General Mills in a report released on Wednesday, July 15th. Zacks Research analyst Team now expects that the company will post earnings of $0.73 per share for the quarter, down from their previous estimate of $0.82. The consensus estimate for General Mills’ current full-year earnings is $3.07 per share. Zacks Research also issued estimates for General Mills’ Q2 2027 earnings at $0.98 EPS, Q3 2027 earnings at $0.64 EPS, Q4 2027 earnings at $0.69 EPS, FY2027 earnings at $3.04 EPS, Q1 2028 earnings at $0.80 EPS, Q2 2028 earnings at $0.99 EPS, Q3 2028 earnings at $0.65 EPS, Q4 2028 earnings at $0.74 EPS, FY2028 earnings at $3.18 EPS and FY2029 earnings at $3.26 EPS.

Other analysts have also recently issued reports about the company. Jefferies Financial Group lifted their price target on General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upped their price objective on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Morgan Stanley dropped their target price on General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Friday, June 5th. TD Cowen reduced their target price on shares of General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, Piper Sandler decreased their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $39.16.

General Mills Trading Up 2.0%

Shares of NYSE:GIS opened at $37.19 on Thursday. General Mills has a 12-month low of $31.75 and a 12-month high of $51.68. The business has a 50 day moving average of $34.53 and a 200-day moving average of $39.13. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The stock has a market cap of $19.85 billion, a PE ratio of -206.62 and a beta of -0.03.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.15. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS.

Hedge Funds Weigh In On General Mills

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of General Mills during the 3rd quarter worth approximately $25,000. Reflection Asset Management bought a new position in General Mills in the fourth quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new position in General Mills in the fourth quarter valued at approximately $26,000. Brown Shipley& Co Ltd acquired a new position in General Mills during the first quarter valued at approximately $26,000. Finally, Bruce G. Allen Investments LLC raised its position in General Mills by 139.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after purchasing an additional 337 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at General Mills

In related news, 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 completion of the sale, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total transaction of $342,700.00. Following the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.30% of the company’s stock.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, July 10th. General Mills’s dividend payout ratio is presently -1,355.56%.

Key Headlines Impacting General Mills

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

• Positive Sentiment: Zacks Research raised its Q4 2028 EPS estimate for General Mills to $0.74 from $0.67, signaling improved profit expectations. General Mills estimate update
• Positive Sentiment: The analyst also boosted FY2028, FY2029, and Q4 2027 earnings estimates, which may support sentiment around longer-term earnings growth. General Mills estimate update
• Positive Sentiment: General Mills announced a collaboration with ADM and Walmart to expand regenerative agriculture across 40,000 Midwest wheat acres, reinforcing sustainability and supply-chain initiatives. General Mills, ADM, Walmart Partner to Accelerate Regenerative Agriculture Across 40,000 Midwest Wheat Acres
• Neutral Sentiment: General Mills and Box Tops for Education launched a back-to-school campaign tied to the show “Saved by the Bell,” a branding move that is likely less material to the stock than earnings revisions. General Mills and Box Tops for Education Reunite Saved by the Bell Cast to Celebrate 30 Years of Giving Back to Schools
• Negative Sentiment: Zacks Research lowered several estimates, including FY2027 to $3.04 from $3.26, FY2028 to $3.18 from $3.34, Q1 2027 to $0.73 from $0.82, and Q2 2028 to $0.99 from $1.11, which may limit enthusiasm. General Mills estimate update

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.