General Mills (NYSE:GIS) Updates FY 2027 Earnings Guidance

General Mills (NYSE:GIS) updated its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.000-3.200 for the period, compared to the consensus earnings per share estimate of 3.130. The company issued revenue guidance of -.

General Mills Stock Performance

Shares of General Mills stock opened at $37.50 on Friday. General Mills has a 52 week low of $31.75 and a 52 week high of $54.01. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.36 and a current ratio of 0.68. The stock has a market capitalization of $20.01 billion, a price-to-earnings ratio of -208.31 and a beta of -0.03. The firm has a fifty day moving average of $34.23 and a two-hundred day moving average of $39.82.

General Mills (NYSE:GIS) last announced its quarterly 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 positive return on equity of 21.37% and a negative net margin of 0.48%.The company had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the prior year, the business posted $0.53 EPS. General Mills’s revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. As a group, equities research analysts predict that General Mills will post 3.08 EPS for the current year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, July 10th. General Mills’s dividend payout ratio is presently 59.66%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of General Mills in a research note on Tuesday, June 16th. JPMorgan Chase & Co. boosted their price objective on shares of General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday. Finally, BTIG Research initiated coverage on General Mills in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $39.00.

Insider Buying and Selling at General Mills

In related news, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the transaction, the insider directly owned 86,002 shares in the company, valued at approximately $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is currently owned by company insiders.

General Mills News Roundup

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

• Positive Sentiment: General Mills reported Q4 adjusted EPS of $0.95, well above estimates, and revenue of $4.61 billion, which also topped expectations. The beat suggests core demand held up better than feared. General Mills (GIS) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: The company said it plans to generate $3 billion in cost savings by fiscal 2030, which could help offset inflation pressure and protect profits even if sales growth remains modest. General Mills Fiscal Fourth-Quarter Results Top Views; Targets $3 Billion in Cost Savings
• Positive Sentiment: Management also emphasized innovation and product refreshes, including protein-focused cereals and pet food, as part of a strategy to win back budget-conscious shoppers and restart growth. Here’s How the Maker of Cheerios Is Planning to Win Back Thrifty Customers
• Neutral Sentiment: Several firms nudged up price targets after the report, but ratings stayed mostly Hold/Neutral or Underweight, reflecting mixed confidence in the pace of a turnaround. These Analysts Increase Their Forecasts On General Mills After Upbeat Q4 Results
• Neutral Sentiment: Analysts noted the earnings beat was solid, but they remain unimpressed by the company’s weak sales growth and cautious fiscal 2027 outlook. General Mills Says Inflation-Weary Shoppers Will Stay Focused on Value
• Negative Sentiment: Guidance for fiscal 2027 came in below some analyst expectations, which could limit upside if revenue growth stays sluggish despite the cost-savings plan. General Mills tops quarterly expectations despite cautious FY2027 outlook

Hedge Funds Weigh In On General Mills

Large investors have recently modified their holdings of the stock. Invesco Ltd. grew its position in shares of General Mills by 14.6% in the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock valued at $408,291,000 after purchasing an additional 1,115,465 shares during the last quarter. Corient Private Wealth LLC raised its stake in General Mills by 5.1% in the 4th quarter. Corient Private Wealth LLC now owns 194,689 shares of the company’s stock worth $8,614,000 after purchasing an additional 9,499 shares in the last quarter. Alberta Investment Management Corp bought a new stake in General Mills in the 4th quarter valued at about $1,335,000. Alpine Woods Capital Investors LLC bought a new stake in General Mills in the 4th quarter valued at about $546,000. Finally, Strive Financial Group LLC acquired a new position in shares of General Mills during the 4th quarter worth approximately $133,000. 75.71% of the stock is owned by institutional investors.

General Mills Company Profile

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.