Q1 EPS Estimates for General Mills Reduced by Zacks Research

General Mills, Inc. (NYSE:GIS - Free Report) - Stock analysts at Zacks Research dropped their Q1 2026 earnings estimates for shares of General Mills in a note issued to investors on Wednesday, July 9th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.82 per share for the quarter, down from their prior forecast of $0.97. The consensus estimate for General Mills' current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills' Q2 2026 earnings at $1.09 EPS, Q3 2026 earnings at $0.85 EPS, FY2026 earnings at $3.65 EPS, Q1 2027 earnings at $0.87 EPS, Q2 2027 earnings at $1.11 EPS, Q3 2027 earnings at $0.90 EPS, FY2027 earnings at $3.86 EPS and FY2028 earnings at $3.91 EPS.

GIS has been the topic of a number of other research reports. UBS Group cut their price target on shares of General Mills from $52.00 to $49.00 and set a "sell" rating on the stock in a report on Thursday, June 26th. JPMorgan Chase & Co. cut their price target on shares of General Mills from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Wall Street Zen lowered shares of General Mills from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Citigroup cut their price target on shares of General Mills from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Finally, Morgan Stanley restated an "underweight" rating and set a $51.00 price target (down previously from $53.00) on shares of General Mills in a report on Tuesday, June 24th. 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's stock. Based on data from MarketBeat.com, General Mills presently has an average rating of "Hold" and a consensus target price of $59.73.

General Mills Price Performance

Shares of NYSE GIS traded up $0.29 during midday trading on Thursday, reaching $51.65. The company's stock had a trading volume of 2,906,116 shares, compared to its average volume of 4,692,146. The company has a current ratio of 0.67, a quick ratio of 0.43 and a debt-to-equity ratio of 1.38. The company has a 50 day moving average price of $53.56 and a 200 day moving average price of $57.58. General Mills has a one year low of $49.86 and a one year high of $75.90. The company has a market cap of $28.02 billion and a price-to-earnings ratio of 12.60.

General Mills (NYSE:GIS - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported $0.74 EPS 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 business 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 earned $1.01 EPS. The business's revenue for the quarter was down 3.3% on a year-over-year basis.

Hedge Funds Weigh In On General Mills

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC acquired a new position in General Mills in the 4th quarter valued at approximately $30,000. Transce3nd LLC acquired a new stake in shares of General Mills during the fourth quarter worth $32,000. VSM Wealth Advisory LLC acquired a new stake in shares of General Mills during the fourth quarter worth $32,000. Perkins Coie Trust Co increased its position in shares of General Mills by 69.2% during the first quarter. Perkins Coie Trust Co now owns 516 shares of the company's stock worth $31,000 after buying an additional 211 shares during the period. Finally, Garde Capital Inc. increased its position in shares of General Mills by 101.5% during the second quarter. Garde Capital Inc. now owns 524 shares of the company's stock worth $27,000 after buying an additional 264 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.

General Mills Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a $0.61 dividend. This is a boost from General Mills's previous quarterly dividend of $0.60. This represents a $2.44 annualized dividend and a yield of 4.72%. The ex-dividend date is Thursday, July 10th. General Mills's dividend payout ratio is 59.51%.

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.