General Mills FY2026 EPS Estimate Lowered by Zacks Research

General Mills, Inc. (NYSE:GIS) – Analysts at Zacks Research dropped their FY2026 earnings per share (EPS) estimates for shares of General Mills in a research note issued to investors on Thursday, March 26th. Zacks Research analyst Team now expects that the company will earn $3.43 per share for the year, down from their previous forecast of $3.44. Zacks Research has a “Strong Sell” rating on the stock. 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 $0.82 EPS, Q3 2027 earnings at $0.70 EPS, Q4 2027 earnings at $0.66 EPS, FY2027 earnings at $3.26 EPS, Q1 2028 earnings at $0.84 EPS and Q3 2028 earnings at $0.72 EPS.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS.

Several other research firms have also issued reports on GIS. TD Cowen lowered their price objective on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, March 19th. Evercore set a $45.00 price target on General Mills in a report on Wednesday, February 18th. Royal Bank Of Canada lowered their price target on General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. UBS Group dropped their price objective on shares of General Mills from $40.00 to $35.00 and set a “sell” rating for the company in a research note on Thursday, March 19th. Finally, Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $44.61.

General Mills Stock Performance

General Mills stock opened at $36.45 on Friday. The company’s 50-day moving average price is $43.56 and its 200-day moving average price is $46.19. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The company has a market cap of $19.45 billion, a PE ratio of 8.91 and a beta of -0.05. General Mills has a twelve month low of $35.63 and a twelve month high of $62.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GIS. Vermillion & White Wealth Management Group LLC bought a new position in General Mills in the third quarter worth approximately $25,000. Reflection Asset Management bought a new stake in General Mills during the 4th quarter valued at $25,000. Close Asset Management Ltd purchased a new stake in shares of General Mills in the 3rd quarter worth $28,000. Nalls Sherbakoff Group LLC bought a new position in shares of General Mills during the 4th quarter worth $26,000. Finally, Davis Capital Management bought a new position in shares of General Mills during the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s payout ratio is currently 59.66%.

More General Mills News

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

• Positive Sentiment: New product momentum — General Mills is rolling out seasonal and co‑branded cereal SKUs (Lucky Charms Unicorn Cotton Candy; Tropical Trix with Disney’s Moana), which can help top‑line growth and brand engagement in core categories. Lucky Charms and Trix Bring Bold Flavors to the Breakfast Table Through New Cereals Made with Colors from Natural Sources
• Neutral Sentiment: High dividend yield draws income buyers but masks underlying risk — the 6.5% yield may support the share price in the short term, yet analysts warn that rising input costs and margin pressure could limit upside. The General Mills Dividend Yields 6.53%. Is That Enough to Make Up for an Oil Price Shock?
• Negative Sentiment: Fertilizer/supply disruption risk — coverage notes that closure of the Strait of Hormuz threatens fertilizer and feed inputs, raising agricultural and commodity cost risk for food producers including General Mills; this geopolitical shock is cited as a driver of higher input inflation and margin risk. One-Third of the World’s Fertilizer Passes Through the Strait of Hormuz. That Could Have Serious Repercussions for This Consumer Staples Company.
• Negative Sentiment: Analysts are cutting estimates and ratings — Zacks has trimmed multiple quarterly and FY forecasts and carries a “Strong Sell” stance, flagging weaker EPS outlooks that weigh on investor sentiment (multiple estimate downgrades were issued).
• Negative Sentiment: Price‑target cuts reflect cost pressure — TD Cowen lowered its PT to $32 (maintained Hold), citing likely higher input costs from the Iran conflict and weaker pricing power; another outlet reported a ~15% PT reduction to $42.84. These revisions constrain near‑term upside. General Mills price target lowered to $32 from $37 at TD Cowen General Mills (GIS) price target decreased by 15.29% to 42.84
• Negative Sentiment: Earnings and fundamental concerns persist — recent quarter missed estimates and revenue declined year‑over‑year; coverage notes shareholders face continued margin and growth headwinds beyond the single weak quarter. General Mills’ (NYSE:GIS) Shareholders Have More To Worry About Than Only Soft Earnings

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.