Q4 EPS Estimates for General Mills Boosted by Zacks Research

General Mills, Inc. (NYSE:GIS - Free Report) - Analysts at Zacks Research lifted their Q4 2026 earnings estimates for General Mills in a research report issued to clients and investors on Wednesday, July 9th. Zacks Research analyst R. Department now expects that the company will earn $0.88 per share for the quarter, up from their previous estimate of $0.82. The consensus estimate for General Mills' current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills' Q4 2027 earnings at $0.98 EPS.

Other equities research analysts have also issued reports about the company. Barclays lowered their price target on General Mills from $60.00 to $54.00 and set an "equal weight" rating for the company in a research report on Thursday, June 26th. Mizuho cut their price target on shares of General Mills from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. 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. Bank of America decreased their price target on General Mills from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Finally, Wells Fargo & Company set a $53.00 price target on General Mills and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $59.73.

General Mills Stock Up 0.5%

NYSE GIS traded up $0.24 on Friday, reaching $51.60. The company had a trading volume of 4,847,039 shares, compared to its average volume of 4,704,335. The stock has a market capitalization of $27.99 billion and a P/E ratio of 12.59. The company's fifty day moving average is $53.56 and its 200 day moving average is $57.58. General Mills has a 52-week low of $49.86 and a 52-week 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.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.02. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%. The company's quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS.

General Mills Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 4.73%. This is an increase from General Mills's previous quarterly dividend of $0.60. General Mills's dividend payout ratio is currently 59.51%.

Institutional Investors Weigh In On General Mills

Hedge funds and other institutional investors have recently modified their holdings of the stock. Garde Capital Inc. grew its position in General Mills by 101.5% in the second quarter. Garde Capital Inc. now owns 524 shares of the company's stock worth $27,000 after acquiring an additional 264 shares in the last quarter. CBIZ Investment Advisory Services LLC purchased a new position in shares of General Mills during the 4th quarter valued at about $30,000. Perkins Coie Trust Co raised its holdings in shares of General Mills by 69.2% during the 1st quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock valued at $31,000 after buying an additional 211 shares in the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of General Mills during the 4th quarter valued at about $32,000. Finally, Transce3nd LLC purchased a new position in shares of General Mills during the 4th quarter valued at about $32,000. 75.71% of the stock is currently owned by 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.