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

Key Points

• General Mills updated its FY 2026 earnings guidance, projecting earnings per share between $3.580 and $3.790, slightly below the consensus estimate of $3.650.
• The company recently increased its quarterly dividend from $0.60 to $0.61, with an annualized dividend yield of 5.0%.
• Wall Street analysts have mixed ratings on General Mills stock, with a consensus rating of "Hold" and an average price target of $59.13.

General Mills (NYSE:GIS - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.580-3.790 for the period, compared to the consensus earnings per share estimate of 3.650. The company issued revenue guidance of -.

General Mills Stock Performance

General Mills stock opened at $49.29 on Tuesday. The company's 50-day moving average price is $50.37 and its 200-day moving average price is $54.74. General Mills has a twelve month low of $48.29 and a twelve month high of $75.90. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The company has a market cap of $26.73 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.24 and a beta of -0.02.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm posted $1.01 EPS. The business's quarterly revenue was down 3.3% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities research analysts forecast that General Mills will post 4.36 EPS for the current fiscal year.

General Mills Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Thursday, July 10th were issued a $0.61 dividend. This is a boost from General Mills's previous quarterly dividend of $0.60. The ex-dividend date was Thursday, July 10th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.0%. General Mills's payout ratio is presently 59.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GIS. Morgan Stanley reiterated an "underweight" rating and set a $51.00 price target (down from $53.00) on shares of General Mills in a report on Tuesday, June 24th. Wells Fargo & Company set a $53.00 price target on shares of General Mills and gave the company an "equal weight" rating in a report on Thursday, June 26th. Wall Street Zen downgraded shares of General Mills from a "hold" rating to a "sell" rating in a report on Saturday. Bank of America cut their price target on shares of General Mills from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, Stifel Nicolaus cut their price target on shares of General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $59.13.

Institutional Investors Weigh In On General Mills

Several large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in shares of General Mills by 12.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 12,641 shares of the company's stock worth $655,000 after acquiring an additional 1,438 shares in the last quarter. Financial Advisors Network Inc. raised its stake in shares of General Mills by 14.2% during the 2nd quarter. Financial Advisors Network Inc. now owns 10,899 shares of the company's stock worth $565,000 after acquiring an additional 1,359 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in shares of General Mills during the 2nd quarter worth approximately $551,000. WINTON GROUP Ltd raised its stake in shares of General Mills by 112.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,971 shares of the company's stock worth $465,000 after acquiring an additional 4,752 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of General Mills by 175.6% during the 2nd quarter. State of Wyoming now owns 6,929 shares of the company's stock worth $359,000 after acquiring an additional 4,415 shares in the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

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