General Mills (NYSE:GIS) Issues FY 2027 Earnings Guidance

Key Points

• General Mills issued FY 2027 EPS guidance of $3.00–$3.20, broadly in line with analysts’ consensus estimate of $3.07. The company did not provide a revenue outlook in the update.
• Shares fell 4.6% to $36.54, while analysts maintained a consensus “Reduce” rating and an average price target of $39.37.
• General Mills reported quarterly EPS of $0.95, beating expectations of $0.80, and revenue of $4.61 billion, up 1.2% year over year. The company also pays a quarterly dividend of $0.61 per share, representing a 6.7% annualized yield.

General Mills (NYSE:GIS - Get Free Report) updated its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.000-3.200 for the period, compared to the consensus EPS estimate of 3.070. The company issued revenue guidance of -.

General Mills Trading Down 4.6%

NYSE:GIS opened at $36.54 on Tuesday. The company has a market cap of $19.54 billion, a P/E ratio of -204.63, a price-to-earnings-growth ratio of 2.08 and a beta of -0.01. General Mills has a twelve month low of $31.75 and a twelve month high of $51.33. The business has a 50 day moving average price of $37.89 and a two-hundred day moving average price of $37.11. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68.

General Mills (NYSE:GIS - Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The business had revenue of $4.61 billion during the quarter, compared to analysts' expectations of $4.59 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm's 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. As a group, analysts expect that General Mills will post 3.06 EPS for the current fiscal year.

General Mills Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 6.7%. The ex-dividend date was Friday, July 10th. General Mills's dividend payout ratio is presently -1,355.56%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GIS. Weiss Ratings raised General Mills from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, July 2nd. Piper Sandler cut their price target on shares of General Mills from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Wednesday, May 13th. Barclays lowered their price target on General Mills from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, May 11th. BNP Paribas Exane raised their target price on shares of General Mills from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, July 2nd. Finally, Zacks Research raised shares of General Mills from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, General Mills has a consensus rating of "Reduce" and an average price target of $39.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zions Bancorporation National Association UT raised its holdings in shares of General Mills by 248.1% during the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company's stock worth $29,000 after buying an additional 449 shares in the last quarter. Binnacle Investments Inc grew its position 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 acquiring an additional 500 shares during the last quarter. Kelleher Financial Advisors acquired a new position in General Mills during the third quarter worth about $34,000. Ancora Advisors LLC lifted its holdings 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 last quarter. Finally, Jessup Wealth Management Inc bought a new stake in shares of General Mills during the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 75.71% of the company's stock.

General Mills Company Profile

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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