Q3 EPS Estimates for General Mills Cut by Zacks Research

General Mills, Inc. (NYSE:GIS) – Analysts at Zacks Research decreased their Q3 2026 EPS estimates for General Mills in a research note issued on Wednesday, December 31st. Zacks Research analyst Team now expects that the company will post earnings of $0.80 per share for the quarter, down from their previous estimate of $0.88. The consensus estimate for General Mills’ current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills’ Q1 2027 earnings at $0.89 EPS, Q2 2027 earnings at $1.11 EPS, Q3 2027 earnings at $0.88 EPS, Q4 2027 earnings at $0.82 EPS, FY2027 earnings at $3.70 EPS, Q1 2028 earnings at $0.94 EPS, Q2 2028 earnings at $1.21 EPS and FY2028 earnings at $3.92 EPS.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm earned $1.40 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS.

A number of other equities research analysts have also recently commented on the stock. Stifel Nicolaus decreased their target price on shares of General Mills from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Mizuho decreased their price objective on shares of General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. Wall Street Zen raised shares of General Mills from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Piper Sandler reissued an “overweight” rating and set a $60.00 price target on shares of General Mills in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of General Mills in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, General Mills currently has a consensus rating of “Hold” and an average target price of $53.44.

General Mills Stock Down 1.7%

GIS stock opened at $45.70 on Monday. The business’s 50-day moving average price is $46.91 and its 200-day moving average price is $48.99. The stock has a market cap of $24.38 billion, a P/E ratio of 9.83, a PEG ratio of 0.85 and a beta of -0.06. The company has a quick ratio of 0.39, a current ratio of 0.66 and a debt-to-equity ratio of 1.30. General Mills has a twelve month low of $45.15 and a twelve month high of $67.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Keel Point LLC grew its stake in shares of General Mills by 44.1% in the 3rd quarter. Keel Point LLC now owns 8,263 shares of the company’s stock worth $417,000 after buying an additional 2,527 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in General Mills during the 3rd quarter valued at about $1,863,000. Allworth Financial LP boosted its holdings in shares of General Mills by 4.9% in the third quarter. Allworth Financial LP now owns 24,383 shares of the company’s stock valued at $1,229,000 after purchasing an additional 1,137 shares during the period. IFP Advisors Inc lifted its holdings in shares of General Mills by 20.1% in the 3rd quarter. IFP Advisors Inc now owns 8,079 shares of the company’s stock worth $407,000 after buying an additional 1,354 shares during the period. Finally, Swiss Life Asset Management Ltd grew its holdings in General Mills by 6.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 216,249 shares of the company’s stock worth $10,903,000 after acquiring an additional 12,967 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the completion of the transaction, the insider owned 48,568 shares in the company, valued at $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.30% of the stock is owned by corporate insiders.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 9th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.44 dividend on an annualized basis and a yield of 5.3%. General Mills’s dividend payout ratio is presently 52.47%.

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.