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

General Mills (NYSE:GIS) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.580-3.790 for the period, compared to the consensus EPS estimate of 3.650. The company issued revenue guidance of -.

General Mills Stock Down 0.0%

GIS stock opened at $47.05 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $47.28 and its 200 day moving average price is $49.63. General Mills has a 52 week low of $45.15 and a 52 week high of $67.35. The company has a market cap of $25.10 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.88 and a beta of -0.07.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.07. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.78 billion. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, research analysts expect that General Mills will post 4.36 earnings per share for the current fiscal year.

General Mills Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 9th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, January 9th. General Mills’s payout ratio is currently 46.12%.

Analyst Ratings Changes

GIS has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of General Mills in a research note on Wednesday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $55.00 target price on shares of General Mills in a research note on Monday. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Bernstein Bank lowered their price target on General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of General Mills from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, September 18th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.11.

Insiders Place Their Bets

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the sale, the insider owned 66,593 shares of the company’s stock, valued at $3,332,313.72. This represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On General Mills

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Binnacle Investments Inc raised its stake in shares of General Mills by 312.5% during the third quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock valued at $33,000 after purchasing an additional 500 shares during the period. Kelleher Financial Advisors acquired a new stake in shares of General Mills during the third quarter valued at about $34,000. Ancora Advisors LLC boosted its holdings in General Mills by 124.9% in the third quarter. Ancora Advisors LLC now owns 875 shares of the company’s stock valued at $44,000 after purchasing an additional 486 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of General Mills during the 2nd quarter valued at approximately $68,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of General Mills in the second quarter worth $84,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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.