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

General Mills (NYSE:GIS) updated its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 3.000-3.200 for the period, compared to the consensus earnings per share estimate of 3.070. The company issued revenue guidance of -.

General Mills Price Performance

Shares of NYSE:GIS traded down $1.16 during trading on Tuesday, reaching $37.13. The stock had a trading volume of 1,253,813 shares, compared to its average volume of 9,337,213. The stock has a market capitalization of $19.85 billion, a PE ratio of -206.10, a P/E/G ratio of 2.08 and a beta of -0.01. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. General Mills has a 52 week low of $31.75 and a 52 week high of $51.33. The business’s 50-day moving average price is $37.89 and its 200 day moving average price is $37.11.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $4.59 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The business’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 analysts predict that General Mills will post 3.06 earnings per share for the current year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.6%. General Mills’s payout ratio is currently -1,355.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Bank of America boosted their price objective on shares of General Mills from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Jefferies Financial Group upped their price objective on General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft increased their price objective on General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $39.37.

Institutional Trading of General Mills

A number of institutional investors and hedge funds have recently modified their holdings of GIS. Stonebridge Capital Advisors LLC boosted its stake in General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock worth $1,702,000 after acquiring an additional 226 shares during the last quarter. New England Asset Management Inc. raised its holdings in General Mills by 0.9% in the third quarter. New England Asset Management Inc. now owns 30,935 shares of the company’s stock worth $1,560,000 after purchasing an additional 280 shares during the period. Security National Bank of Sioux City Iowa IA boosted its position in shares of General Mills by 0.8% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 36,665 shares of the company’s stock worth $1,900,000 after purchasing an additional 305 shares in the last quarter. Widmann Financial Services Inc. boosted its position in shares of General Mills by 1.8% during the fourth quarter. Widmann Financial Services Inc. now owns 17,534 shares of the company’s stock worth $815,000 after purchasing an additional 316 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of General Mills by 1.5% in the 4th quarter. Jacobi Capital Management LLC now owns 21,742 shares of the company’s stock valued at $1,011,000 after buying an additional 330 shares during the period. 75.71% of the stock is owned by institutional investors.

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.