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

by · The Markets Daily

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GIS. JPMorgan Chase & Co. upped their price target on General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. UBS Group set a $33.00 target price on shares of General Mills in a research note on Monday, July 6th. BNP Paribas Exane lifted their price target 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. Sanford C. Bernstein lowered shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective on the stock. in a report on Wednesday, June 3rd. Finally, TD Cowen decreased their price objective on shares of General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $39.37.

Check Out Our Latest Stock Analysis on General Mills

General Mills Stock Down 1.6%

NYSE:GIS opened at $37.08 on Thursday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of -206.01, a price-to-earnings-growth ratio of 2.05 and a beta of -0.01. General Mills has a one year low of $31.75 and a one year high of $51.33. The stock has a 50-day simple moving average of $37.93 and a 200 day simple moving average of $37.00.

General Mills (NYSE:GIS – Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.59 billion. During the same quarter last year, the business posted $0.53 EPS. General Mills’s quarterly revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Sell-side analysts predict that General Mills will post 3.06 EPS for the current fiscal year.

General Mills Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio is -1,355.56%.

General Mills News Summary

Here are the key news stories impacting General Mills this week:

  • Positive Sentiment: Income investors are highlighting General Mills as a well-known, high-yield stock trading near its 52-week low. That attention could provide some valuation and dividend-supportive buying, particularly for investors seeking defensive consumer-staples exposure. Passive Income Investors Are Buying 5 Well-Known High-Yield Stocks Near 52-Week Lows
  • Positive Sentiment: General Mills’ Blue Buffalo brand launched limited-edition football-season dog treats. The product release is a modest positive for brand engagement and seasonal sales, though it is unlikely to materially change near-term company earnings. Blue Buffalo Launches New Limited-Edition Game Day Treats
  • Neutral Sentiment: At the Barclays Global Consumer Staples Conference, General Mills reaffirmed fiscal 2027 adjusted EPS guidance of $3.00–$3.20, versus analyst consensus of approximately $3.07. The confirmation reduces the risk of an outlook cut but offers little new upside relative to expectations. General Mills Reaffirms Annual Guidance and Provides Business Update
  • Neutral Sentiment: General Mills and Mars sued sugar producers, alleging price fixing. A successful case could potentially recover damages or reduce concerns about input costs, but litigation brings uncertainty and does not provide an immediate earnings benefit. General Mills, Mars Sue Sugar Producers in Price-Fixing Lawsuit
  • Negative Sentiment: The reaffirmed outlook suggests management is not raising expectations despite the stock’s depressed valuation. Investors may therefore remain focused on whether sales growth, margins and free cash flow improve enough to support the dividend and reverse the recent weakness.

Institutional Investors 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% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares during the last quarter. Binnacle Investments Inc lifted its holdings in shares of General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Kelleher Financial Advisors acquired a new position in General Mills during the 3rd quarter valued at approximately $34,000. Ancora Advisors LLC boosted its position in General Mills by 124.9% during the 3rd quarter. Ancora Advisors LLC now owns 875 shares of the company’s stock valued at $44,000 after purchasing an additional 486 shares during the period. Finally, Jessup Wealth Management Inc bought a new position in General Mills during the 4th quarter worth $52,000. Institutional investors own 75.71% of the company’s stock.

General Mills Company Profile

(Get Free Report)

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company’s brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.

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