Zacks Research Forecasts Reduced Earnings for General Mills

General Mills, Inc. (NYSE:GIS - Free Report) - Analysts at Zacks Research decreased their FY2025 earnings per share (EPS) estimates for shares of General Mills in a research report issued on Wednesday, April 2nd. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $4.19 for the year, down from their prior estimate of $4.42. The consensus estimate for General Mills' current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills' Q1 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.96 EPS, Q1 2027 earnings at $1.02 EPS and Q3 2027 earnings at $1.00 EPS.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm's revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share.

Several other analysts have also recently weighed in on GIS. Piper Sandler cut their price objective on General Mills from $84.00 to $71.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley assumed coverage on General Mills in a research note on Monday, March 24th. They issued an "underweight" rating and a $53.00 price target on the stock. Mizuho lowered their price objective on General Mills from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 target price on shares of General Mills in a research report on Monday, March 17th. Finally, Stifel Nicolaus lowered their price target on shares of General Mills from $72.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, General Mills currently has a consensus rating of "Hold" and a consensus target price of $65.69.

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General Mills Trading Up 1.3 %

Shares of GIS traded up $0.75 during trading hours on Monday, reaching $57.92. 4,235,540 shares of the company traded hands, compared to its average volume of 4,401,954. General Mills has a 12 month low of $55.15 and a 12 month high of $75.90. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The company's fifty day moving average price is $59.61 and its two-hundred day moving average price is $63.44. The company has a market capitalization of $31.93 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.15.

Institutional Trading of General Mills

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in General Mills by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company's stock worth $4,376,573,000 after purchasing an additional 1,868,508 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of General Mills by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company's stock worth $923,907,000 after buying an additional 136,895 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company's stock worth $581,903,000 after acquiring an additional 2,341,137 shares during the period. Northern Trust Corp increased its position in General Mills by 18.4% during the fourth quarter. Northern Trust Corp now owns 8,061,793 shares of the company's stock valued at $514,101,000 after acquiring an additional 1,253,483 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in General Mills by 64.5% in the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company's stock valued at $497,054,000 after acquiring an additional 3,058,414 shares during the period. 75.71% of the stock is currently owned by institutional investors.

Insider Activity at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the transaction, the chief executive officer now owns 353,346 shares in the company, valued at approximately $22,967,490. This represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

General Mills Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.14%. General Mills's dividend payout ratio (DPR) is presently 52.75%.

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.