Zacks Research Predicts Weaker Earnings for General Mills

Key Points

• Zacks Research lowered General Mills’ Q2 2027 earnings estimate to $0.96 per share from $0.98 and maintained a “Hold” rating. MarketBeat reports a consensus “Reduce” rating and an average price target of $36.59.
• General Mills shares opened at $31.77, down 1.3%, near their 52-week low of $31.17 and well below the 52-week high of $50.93. The stock’s analyst coverage remains mixed, with Buy, Hold, and Sell ratings.
• The company reported quarterly earnings of $0.75 per share, beating estimates, but revenue fell 2.8% year over year to $4.39 billion. General Mills also declared a $0.61 quarterly dividend, equal to a 7.7% annualized yield.

General Mills, Inc. (NYSE:GIS - Free Report) - Research analysts at Zacks Research decreased their Q2 2027 earnings per share estimates for shares of General Mills in a research report issued on Wednesday, October 7th. Zacks Research analyst Team now expects that the company will earn $0.96 per share for the quarter, down from their previous estimate of $0.98. Zacks Research has a "Hold" rating on the stock. The consensus estimate for General Mills' current full-year earnings is $3.08 per share. Zacks Research also issued estimates for General Mills' FY2027 earnings at $3.03 EPS, Q1 2028 earnings at $0.77 EPS, Q2 2028 earnings at $0.96 EPS, Q1 2029 earnings at $0.77 EPS and FY2029 earnings at $3.28 EPS.

Other equities analysts have also recently issued reports about the stock. TD Cowen raised their price objective on shares of General Mills from $32.00 to $33.00 and gave the company a "hold" rating in a research note on Thursday, September 24th. UBS Group reaffirmed a "sell" rating on shares of General Mills in a research note on Wednesday, September 16th. Weiss Ratings reiterated a "sell (d+)" rating on shares of General Mills in a report on Tuesday, September 29th. Piper Sandler restated an "overweight" rating on shares of General Mills in a report on Thursday, September 24th. Finally, Bank of America restated a "neutral" rating on shares of General Mills in a research report on Thursday, September 24th. 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 stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $36.59.

General Mills Stock Down 1.3%

Shares of NYSE GIS opened at $31.77 on Thursday. General Mills has a 1 year low of $31.17 and a 1 year high of $50.93. The firm's 50-day moving average is $36.92 and its 200-day moving average is $35.87. The company has a current ratio of 0.70, a quick ratio of 0.39 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $16.99 billion, a PE ratio of -19.14, a price-to-earnings-growth ratio of 1.74 and a beta of 0.03.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.35 billion. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%.The firm's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Tuesday, October 13th. General Mills's payout ratio is -146.99%.

Institutional Trading of General Mills

A number of large investors have recently bought and sold shares of GIS. BlackRock Inc. acquired a new position in shares of General Mills during the second quarter worth about $2,181,608,000. Bank of New York Mellon Corp bought a new stake in General Mills in the 2nd quarter valued at approximately $129,298,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in General Mills during the 2nd quarter worth approximately $126,097,000. Legal & General Group Plc acquired a new position in General Mills during the 2nd quarter worth approximately $121,707,000. Finally, Deutsche Bank AG bought a new position in shares of General Mills during the 2nd quarter worth approximately $105,889,000. 75.71% of the stock is owned by institutional investors.

General Mills Company Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its products include cereal, snack bars, refrigerated dough, baking mixes, yogurt, soup, meals, frozen foods, and pet food, serving retail, foodservice, and pet channels.

The company's portfolio includes well-known brands such as Cheerios, Betty Crocker, Pillsbury, Nature Valley, Yoplait, Häagen-Dazs, Old El Paso, Progresso, Totino's, Annie's, and Blue Buffalo. General Mills sells its products primarily in the United States and also serves consumers in international markets across multiple regions.

General Mills traces its history to the Minneapolis Milling Company, established in 1856, and adopted the General Mills name following a 1928 combination of several milling businesses.

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