Q3 EPS Estimates for General Mills Reduced by Zacks Research

General Mills, Inc. (NYSE:GIS) – Analysts at Zacks Research dropped their Q3 2026 earnings estimates for General Mills in a report released on Wednesday, December 31st. Zacks Research analyst Team now anticipates that the company will post earnings of $0.80 per share for the quarter, down from their previous forecast 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.

GIS has been the subject of a number of other research reports. UBS Group reaffirmed a “sell” rating on shares of General Mills in a research note on Friday, December 19th. Morgan Stanley set a $47.00 price objective on General Mills and gave the company an “underweight” rating in a research report on Wednesday, December 17th. Wall Street Zen upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Bernstein Bank dropped their target price on General Mills from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $51.00 target price on shares of General Mills in a research note on Thursday, December 18th. Five analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, General Mills currently has a consensus rating of “Hold” and a consensus target price of $53.44.

General Mills Trading Down 1.7%

Shares of NYSE GIS opened at $45.70 on Monday. General Mills has a 1 year low of $45.15 and a 1 year high of $67.35. The stock has a market cap of $24.38 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 0.85 and a beta of -0.06. The firm has a 50-day moving average of $46.91 and a 200 day moving average of $48.99. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business’s 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.

General Mills Announces Dividend

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

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction 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 sale, the insider directly owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On General Mills

Several hedge funds and other institutional investors have recently bought and sold shares of GIS. Vermillion & White Wealth Management Group LLC bought a new position in shares of General Mills during the 3rd quarter valued at $25,000. Garde Capital Inc. increased its position in General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company’s stock valued at $27,000 after acquiring an additional 264 shares during the last quarter. Close Asset Management Ltd bought a new position in General Mills in the third quarter valued at about $28,000. Davis Capital Management bought a new position in General Mills in the third quarter valued at about $29,000. Finally, Armstrong Advisory Group Inc. purchased a new position in General Mills in the second quarter worth about $32,000. Institutional investors own 75.71% of the company’s stock.

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.