General Mills (NYSE:GIS) Updates FY 2026 Earnings Guidance

General Mills (NYSE:GIS) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.580-3.790 for the period, compared to the consensus earnings per share estimate of 3.990. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GIS shares. Mizuho dropped their price objective on shares of General Mills from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Bank of America cut their price target on General Mills from $68.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, June 18th. UBS Group lowered their price objective on General Mills from $54.00 to $52.00 and set a “sell” rating for the company in a research report on Friday, June 6th. Wells Fargo & Company cut their target price on General Mills from $61.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Monday, June 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of General Mills from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.63.

General Mills Price Performance

GIS stock opened at $50.74 on Thursday. The business has a 50 day simple moving average of $54.62 and a 200-day simple moving average of $58.57. The company has a market capitalization of $27.97 billion, a P/E ratio of 11.15, a PEG ratio of 1.27 and a beta of 0.02. General Mills has a twelve month low of $50.66 and a twelve month high of $75.90. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.24.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. General Mills had a net margin of 13.02% and a return on equity of 26.39%. The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the business earned $1.01 EPS. General Mills’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that General Mills will post 4.36 EPS for the current year.

General Mills Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Thursday, July 10th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 4.81%. This is a positive change from General Mills’s previous quarterly dividend of $0.60. General Mills’s dividend payout ratio (DPR) is currently 52.75%.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.