General Mills (NYSE:GIS) Releases FY 2026 Earnings Guidance

General Mills (NYSE:GIS) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.370-3.540 for the period, compared to the consensus earnings per share estimate of 3.660. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research firms recently issued reports on GIS. Stifel Nicolaus cut their price target on General Mills from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, December 11th. TD Cowen reiterated a “hold” rating on shares of General Mills in a research report on Monday, December 15th. Weiss Ratings cut shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Morgan Stanley set a $47.00 price objective on General Mills and gave the company an “underweight” rating in a research report on Wednesday, December 17th. Finally, Piper Sandler restated an “overweight” rating and set a $60.00 target price on shares of General Mills in a research report on Thursday, December 18th. Five analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Hold” and an average price target of $52.94.

General Mills Trading Down 7.1%

GIS opened at $44.93 on Wednesday. General Mills has a twelve month low of $42.78 and a twelve month high of $67.35. The firm has a market cap of $23.97 billion, a PE ratio of 9.66 and a beta of -0.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The firm’s fifty day moving average is $46.15 and its two-hundred day moving average is $47.74.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.07. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.78 billion. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Equities research analysts anticipate that General Mills will post 4.36 EPS for the current year.

General Mills Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 5.4%. General Mills’s dividend payout ratio (DPR) is currently 52.47%.

Insider Buying and Selling at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider owned 48,568 shares in the company, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by corporate insiders.

General Mills News Summary

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

• Positive Sentiment: Management presented progress on its “Accelerate” strategy at the CAGNY conference, emphasizing brand focus and plans to drive sustainable growth — a reminder of long‑term initiatives that could support recovery. Article Title
• Neutral Sentiment: CAGNY presentation materials and transcript are available for investors to assess execution detail and management commentary (useful for gauging whether strategy mitigates near‑term headwinds). Article Title
• Negative Sentiment: General Mills cut its FY‑2026 organic net sales outlook to a 1.5%–2% decline (previously down 1% to up 1%) and lowered EPS guidance to $3.37–$3.54 versus consensus ~3.66 — the direct catalyst for the stock drop. Article Title
• Negative Sentiment: Coverage across outlets highlights that weaker consumer sentiment is shifting shoppers to cheaper options and promotions, pressuring volume and margins. Article Title
• Negative Sentiment: Company flagged rising restructuring costs (reported as roughly $165M) and said market volatility will meaningfully weigh on net sales growth, adding near‑term expense pressure. Article Title
• Negative Sentiment: Unusually large put option buying (over 20k puts, ~226% above average) signals heavy short‑term bearish positioning and adds downward pressure on the share price. (internal trade data reported)
• Neutral Sentiment: Broker consensus remains around a “Hold” on average; investors should watch management’s detailed CAGNY commentary and upcoming cadence for signs guidance stabilization or margin relief. Article Title

Institutional Trading of General Mills

Institutional investors have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in shares of General Mills during the second quarter valued at approximately $9,188,000. Bank of Nova Scotia increased its stake in shares of General Mills by 4.1% in the second quarter. Bank of Nova Scotia now owns 65,118 shares of the company’s stock worth $3,374,000 after purchasing an additional 2,552 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of General Mills by 112.6% in the second quarter. WINTON GROUP Ltd now owns 8,971 shares of the company’s stock valued at $465,000 after purchasing an additional 4,752 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of General Mills by 4.9% during the second quarter. Daiwa Securities Group Inc. now owns 82,037 shares of the company’s stock valued at $4,250,000 after buying an additional 3,814 shares during the period. Finally, Nebula Research & Development LLC grew its position in shares of General Mills by 334.2% during the 2nd quarter. Nebula Research & Development LLC now owns 19,542 shares of the company’s stock valued at $1,012,000 after purchasing an additional 15,041 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.