General Mills (NYSE:GIS) Issues FY 2026 Earnings Guidance

Key Points

• FY2026 EPS guidance: General Mills issued EPS guidance of 3.370–3.540, slightly below the consensus of 3.510, and did not provide revenue guidance.
• Recent results and dividend: The company reported quarterly EPS of $0.64 vs. $0.73 expected and revenue of $4.44B (down 8.4% YoY), and declared a quarterly dividend of $0.61 (annualized $2.44, ~6.7% yield).
• Market reaction and analyst sentiment: Shares trade near a one‑year low (~$36.59) after multiple price‑target cuts; the average analyst rating is "Reduce" with an average target of $43.44.

General Mills (NYSE:GIS - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 3.370-3.540 for the period, compared to the consensus EPS estimate of 3.510. The company issued revenue guidance of -.

General Mills Trading Down 0.0%

Shares of GIS stock traded down $0.01 on Thursday, hitting $36.59. 5,638,840 shares of the company's stock traded hands, compared to its average volume of 9,013,220. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. General Mills has a one year low of $35.63 and a one year high of $59.21. The company's fifty day simple moving average is $42.40 and its 200 day simple moving average is $45.45. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 8.94 and a beta of 0.01.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The company's quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. Equities analysts forecast that General Mills will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 6.7%. General Mills's dividend payout ratio is presently 59.66%.

Analysts Set New Price Targets

Several brokerages have weighed in on GIS. 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of General Mills from $38.00 to $32.00 and set a "hold" rating for the company in a research report on Monday, March 30th. Jefferies Financial Group dropped their price target on shares of General Mills from $50.00 to $47.00 and set a "hold" rating for the company in a research report on Thursday, December 11th. Morgan Stanley dropped their price target on shares of General Mills from $47.00 to $44.00 and set an "underweight" rating for the company in a research report on Wednesday, February 18th. Finally, Barclays dropped their price target on shares of General Mills from $46.00 to $43.00 and set an "equal weight" rating for the company in a research report on Monday, March 16th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $43.44.

Institutional Investors Weigh In On General Mills

Several institutional investors and hedge funds have recently modified their holdings of the stock. Zions Bancorporation National Association UT grew its stake in shares of General Mills by 248.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company's stock worth $29,000 after acquiring an additional 449 shares during the period. Binnacle Investments Inc grew its stake in shares of General Mills by 312.5% in the third quarter. Binnacle Investments Inc now owns 660 shares of the company's stock worth $33,000 after acquiring an additional 500 shares during the period. Kelleher Financial Advisors bought a new stake in shares of General Mills in the third quarter worth approximately $34,000. Ancora Advisors LLC grew its stake in shares of General Mills by 124.9% in the third quarter. Ancora Advisors LLC now owns 875 shares of the company's stock worth $44,000 after acquiring an additional 486 shares during the period. Finally, Jessup Wealth Management Inc bought a new stake in shares of General Mills in the fourth quarter worth approximately $52,000. 75.71% of the stock is owned by hedge funds and other 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.

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