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

Key Points

• FY2026 EPS guidance was updated to a range of 3.370–3.540, which is below the consensus estimate of 3.660.
• General Mills beat the latest quarter's expectations with $1.10 EPS vs. $1.03 expected and revenue of $4.86B vs. $4.78B expected, though revenue was down about 7.2% year‑over‑year.
• The company declared a quarterly dividend of $0.61 (annualized $2.44), implying a ~5.0% yield; the dividend is payable May 1 with record/ex‑div dates on April 10.

General Mills (NYSE:GIS - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 3.370-3.540 for the period, compared to the consensus EPS estimate of 3.660. The company issued revenue guidance of -.

Analysts Set New Price Targets

GIS has been the topic of several research analyst reports. Piper Sandler reissued an "overweight" rating and set a $60.00 price target on shares of General Mills in a research note on Thursday, December 18th. Evercore reissued a "positive" rating on shares of General Mills in a research note on Thursday, December 18th. Royal Bank Of Canada set a $63.00 target price on General Mills and gave the stock an "outperform" rating in a research report on Wednesday, December 17th. Jefferies Financial Group decreased their price target on General Mills from $50.00 to $47.00 and set a "hold" rating on the stock in a report on Thursday, December 11th. Finally, Sanford C. Bernstein set a $54.00 price objective on General Mills and gave the stock a "market perform" rating in a research report on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $53.28.

General Mills Trading Down 0.5%

NYSE GIS opened at $48.32 on Tuesday. General Mills has a 12 month low of $42.78 and a 12 month high of $67.35. The stock has a 50-day simple moving average of $46.17 and a 200 day simple moving average of $47.77. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $25.78 billion, a PE ratio of 10.39 and a beta of -0.06.

General Mills (NYSE:GIS - Get Free Report) last posted its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.07. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts forecast that General Mills will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, April 10th. General Mills's dividend payout ratio (DPR) is currently 52.47%.

Insider Activity

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm's stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the sale, the insider owned 48,568 shares of the company's stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On General Mills

Institutional investors have recently modified their holdings of the business. Zions Bancorporation National Association UT grew its holdings in shares of General Mills by 248.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company's stock valued at $29,000 after acquiring an additional 449 shares in the last quarter. Binnacle Investments Inc grew its stake in General Mills by 312.5% in the third quarter. Binnacle Investments Inc now owns 660 shares of the company's stock valued at $33,000 after purchasing an additional 500 shares in the last quarter. Kelleher Financial Advisors acquired a new position in shares of General Mills during the 3rd quarter worth approximately $34,000. Ancora Advisors LLC raised its stake in shares of General Mills by 124.9% during the 3rd quarter. Ancora Advisors LLC now owns 875 shares of the company's stock worth $44,000 after purchasing an additional 486 shares in the last quarter. Finally, Jessup Wealth Management Inc acquired a new stake in shares of General Mills in the 4th quarter valued at approximately $52,000. Institutional investors own 75.71% of the company's stock.

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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