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

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

Wall Street Analysts Forecast Growth

GIS has been the subject of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and set a $60.00 price target on shares of General Mills in a report on Thursday. Bernstein Bank lowered their price target on shares of General Mills from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Thursday, September 18th. Mizuho cut their target price on General Mills from $57.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 19th. Morgan Stanley set a $48.00 price target on shares of General Mills and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $53.50.

General Mills Stock Performance

NYSE GIS opened at $48.74 on Friday. The stock has a market capitalization of $26.00 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.91 and a beta of -0.07. The business’s 50 day moving average is $47.25 and its two-hundred day moving average is $49.62. General Mills has a 12-month low of $45.15 and a 12-month high of $67.35. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.30.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.03 by $0.07. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts expect that General Mills will post 4.36 EPS for the current year.

General Mills Dividend Announcement

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 issued a $0.61 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.0%. General Mills’s dividend payout ratio is currently 46.12%.

Hedge Funds Weigh In On General Mills

Several hedge funds have recently added to or reduced their stakes in GIS. Binnacle Investments Inc increased its stake in shares of General Mills by 312.5% during the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Kelleher Financial Advisors purchased a new position in General Mills during the third quarter worth about $34,000. Ancora Advisors LLC lifted its holdings in shares of General Mills by 124.9% during the 3rd quarter. Ancora Advisors LLC now owns 875 shares of the company’s stock worth $44,000 after acquiring an additional 486 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of General Mills in the 2nd quarter valued at $68,000. Finally, MUFG Securities EMEA plc purchased a new stake in General Mills during the second quarter valued at about $84,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

General Mills Company Profile

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.