Zacks Research Forecasts Lower Earnings for General Mills

General Mills, Inc. (NYSE:GIS) – Investment analysts at Zacks Research reduced their Q1 2027 EPS estimates for shares of General Mills in a research report issued to clients and investors on Wednesday, July 15th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.73 per share for the quarter, down from their prior forecast 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.

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

A number of other analysts have also recently weighed in on the company. Bank of America raised their price objective on General Mills from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upped their target price on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Piper Sandler decreased their price target on General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 price target on shares of General Mills in a report on Tuesday, June 2nd. Finally, BNP Paribas Exane boosted their price target on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Mills currently has a consensus rating of “Reduce” and an average target price of $39.16.

General Mills Stock Performance

Shares of GIS stock opened at $38.00 on Thursday. General Mills has a 12-month low of $31.75 and a 12-month high of $51.68. The business’s fifty day simple moving average is $34.65 and its 200-day simple moving average is $39.06. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. The company has a market cap of $20.28 billion, a PE ratio of -211.09 and a beta of -0.03.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.4%. General Mills’s payout ratio is -1,355.56%.

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 on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the completion of the transaction, the insider owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This trade represents a 10.42% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GIS. State Street Corp increased its holdings in General Mills by 0.4% in the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after buying an additional 145,701 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in General Mills by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock valued at $915,953,000 after acquiring an additional 488,617 shares during the period. Geode Capital Management LLC lifted its stake in General Mills by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock valued at $704,170,000 after acquiring an additional 172,200 shares during the period. Morgan Stanley boosted its holdings in shares of General Mills by 2.1% in the 4th quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock valued at $457,443,000 after acquiring an additional 200,043 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of General Mills by 14.6% in the 4th quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock valued at $408,291,000 after acquiring an additional 1,115,465 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting General Mills

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

• Positive Sentiment: General Mills’ Totino’s brand launched new Pizza Rolls and Ultimate Pizza flavors nationwide, which could support sales by refreshing its snack lineup and driving consumer interest. Totino’s™ Brings Fan-Favorite Snack Hacks to Life with New Pizza Rolls™ and Ultimate Pizza™ Flavors
• Positive Sentiment: Zacks Research raised some longer-term earnings estimates for GIS, including Q4 2028, FY2028, and FY2029, suggesting the company may still have earnings power beyond the near term. General Mills stock page
• Positive Sentiment: General Mills’ role in a regenerative agriculture partnership with Walmart and ADM could improve long-term sourcing resilience and reinforce its sustainability story. Is Walmart’s Regenerative Farming Push Reshaping Its Supply Chain Edge And Brand Story (WMT)?

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.