Zacks Research Forecasts Weaker Earnings for General Mills

General Mills, Inc. (NYSE:GIS) – Zacks Research lowered their Q1 2027 earnings per share estimates for General Mills in a research report issued on Wednesday, July 15th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.73 for the quarter, down from their prior estimate of $0.82. The consensus estimate for General Mills’ current full-year earnings is $3.07 per share. Zacks Research also issued estimates for General Mills’ Q2 2027 earnings at $0.98 EPS, Q3 2027 earnings at $0.64 EPS, Q4 2027 earnings at $0.69 EPS, FY2027 earnings at $3.04 EPS, Q1 2028 earnings at $0.80 EPS, Q2 2028 earnings at $0.99 EPS, Q3 2028 earnings at $0.65 EPS, Q4 2028 earnings at $0.74 EPS, FY2028 earnings at $3.18 EPS and FY2029 earnings at $3.26 EPS.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s quarterly 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.

Other analysts have also issued research reports about the stock. Morgan Stanley decreased their price target on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, June 5th. Jefferies Financial Group lifted their price objective on shares of General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, July 1st. Mizuho decreased their target price on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 target price on shares of General Mills in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada lowered their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $39.16.

General Mills Price Performance

Shares of GIS opened at $38.56 on Thursday. The business’s fifty day moving average is $34.58 and its 200 day moving average is $39.07. General Mills has a 12-month low of $31.75 and a 12-month high of $51.68. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The stock has a market cap of $20.58 billion, a P/E ratio of -214.22 and a beta of -0.03.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, July 10th. General Mills’s dividend payout ratio is presently -1,355.56%.

Insider Buying and Selling at General Mills

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIS. State Street Corp lifted its position in shares of General Mills by 0.4% during the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after buying an additional 145,701 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of General Mills by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock worth $915,953,000 after buying an additional 488,617 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of General Mills by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock valued at $704,170,000 after acquiring an additional 172,200 shares in the last quarter. Morgan Stanley increased its position in shares of General Mills by 2.1% during the fourth quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock valued at $457,443,000 after acquiring an additional 200,043 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of General Mills by 14.6% during the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock valued at $408,291,000 after acquiring an additional 1,115,465 shares during the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about General Mills

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

• Positive Sentiment: General Mills, ADM, and Walmart announced a collaboration to expand regenerative agriculture across 40,000 Midwest wheat acres, which could support longer-term supply chain resilience, sourcing reliability, and sustainability branding. General Mills, ADM, Walmart Partner to Accelerate Regenerative Agriculture Across 40,000 Midwest Wheat Acres
• Positive Sentiment: Zacks Research raised some longer-term earnings estimates for GIS, including FY2029 and Q4 2027, suggesting analysts still see earnings growth potential over time.
• Positive Sentiment: General Mills also introduced new Totino’s Pizza Rolls and Ultimate Pizza flavors, a product refresh that may help support demand in the frozen-snacks aisle and improve consumer engagement. Totino’s™ Brings Fan-Favorite Snack Hacks to Life with New Pizza Rolls™ and Ultimate Pizza™ Flavors
• Neutral Sentiment: Recent articles about GIS as a dividend stock may be supporting investor interest, but they do not appear to be a company-specific catalyst. Wall Street Is Sleeping on These 5 Quality Dividend Stocks: Grab Them Now Before It’s Too Late
• Negative Sentiment: Several Zacks Research updates cut near- and medium-term earnings estimates for FY2027 and FY2028, while a separate article labeled General Mills a “Bear of the Day,” reinforcing concerns about consumer trends, health-focused demand shifts, and earnings pressure. Bear of the Day: General Mills (GIS)

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.