Zacks Research Predicts Weaker Earnings for General Mills

Key Points

• Zacks Research has lowered its earnings per share estimate for General Mills' Q2 2026 from $1.09 to $1.03, maintaining a "Hold" rating for the stock.
• General Mills reported earnings of $0.86 per share for the most recent quarter, exceeding the consensus estimate of $0.82, but revenue fell 6.8% year-over-year.
• Analysts' price targets for General Mills vary, with Morgan Stanley and others reducing their targets, while a consensus rating of "Hold" remains with a price target of $55.82.

General Mills, Inc. (NYSE:GIS - Free Report) - Analysts at Zacks Research decreased their Q2 2026 earnings per share estimates for shares of General Mills in a research report issued on Thursday, September 25th. Zacks Research analyst Team now expects that the company will earn $1.03 per share for the quarter, down from their previous forecast of $1.09. Zacks Research has a "Hold" rating on the stock. The consensus estimate for General Mills' current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills' Q3 2026 earnings at $0.88 EPS, Q4 2026 earnings at $0.87 EPS, FY2026 earnings at $3.63 EPS, Q1 2027 earnings at $0.91 EPS, Q2 2027 earnings at $1.13 EPS, Q3 2027 earnings at $0.93 EPS, Q4 2027 earnings at $0.85 EPS, FY2027 earnings at $3.81 EPS, Q1 2028 earnings at $0.97 EPS and FY2028 earnings at $4.01 EPS.

General Mills (NYSE:GIS - Get Free Report) last issued its earnings results on Wednesday, September 17th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. General Mills had a net margin of 15.24% and a return on equity of 23.46%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company's revenue was down 6.8% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. Morgan Stanley cut their target price on General Mills from $49.00 to $48.00 and set an "underweight" rating on the stock in a research report on Monday, September 15th. Stifel Nicolaus dropped their price target on General Mills from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th. Royal Bank Of Canada upgraded General Mills from a "sector perform" rating to an "outperform" rating and reduced their price objective for the company from $67.00 to $63.00 in a research note on Thursday, June 26th. Jefferies Financial Group decreased their price objective on General Mills from $51.00 to $50.00 and set a "hold" rating for the company in a report on Monday, September 8th. Finally, Mizuho cut their target price on shares of General Mills from $57.00 to $52.00 and set a "neutral" rating on the stock in a report on Friday, September 19th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $55.82.

General Mills Stock Down 3.3%

GIS stock opened at $49.42 on Friday. The stock has a market cap of $26.36 billion, a P/E ratio of 9.34, a PEG ratio of 1.29 and a beta of -0.02. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 1.28. General Mills has a twelve month low of $48.29 and a twelve month high of $74.98. The company's 50 day moving average is $49.78 and its two-hundred day moving average is $53.47.

Insider Transactions at General Mills

In other news, insider Jacqueline Williams-Roll sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $50.04, for a total value of $200,160.00. Following the completion of the sale, the insider directly owned 66,593 shares of the company's stock, valued at $3,332,313.72. This trade represents a 5.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On General Mills

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in General Mills by 434.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 19,041,194 shares of the company's stock valued at $1,138,473,000 after purchasing an additional 15,480,835 shares during the last quarter. Norges Bank acquired a new stake in General Mills in the 2nd quarter valued at about $417,508,000. Diamond Hill Capital Management Inc. acquired a new stake in General Mills in the 1st quarter valued at about $279,570,000. Pacer Advisors Inc. increased its holdings in General Mills by 4,775.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,443,981 shares of the company's stock valued at $205,916,000 after acquiring an additional 3,373,338 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in General Mills during the second quarter worth about $84,862,000. 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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