Analysts Offer Predictions for General Mills FY2026 Earnings

General Mills, Inc. (NYSE:GIS) – Equities researchers at Zacks Research reduced their FY2026 earnings per share estimates for General Mills in a note issued to investors on Thursday, March 26th. Zacks Research analyst Team now expects that the company will earn $3.43 per share for the year, down from their previous forecast of $3.44. Zacks Research has a “Strong Sell” 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’ Q1 2027 earnings at $0.82 EPS, Q3 2027 earnings at $0.70 EPS, Q4 2027 earnings at $0.66 EPS, FY2027 earnings at $3.26 EPS, Q1 2028 earnings at $0.84 EPS and Q3 2028 earnings at $0.72 EPS.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a net margin of 12.05% and a return on equity of 19.19%. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company posted $1.12 EPS. The firm’s revenue was down 8.4% on a year-over-year basis.

Several other analysts also recently commented on GIS. Royal Bank Of Canada reduced their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, March 19th. TD Cowen cut their price objective on shares of General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, March 19th. Wells Fargo & Company cut General Mills from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $45.00 to $35.00 in a report on Thursday, March 12th. Piper Sandler decreased their target price on General Mills from $53.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Finally, Stifel Nicolaus dropped their price target on General Mills from $50.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $44.61.

General Mills Price Performance

Shares of GIS opened at $35.97 on Friday. The firm has a market capitalization of $19.20 billion, a PE ratio of 8.79 and a beta of -0.05. The company’s 50-day moving average is $43.72 and its 200-day moving average is $46.28. General Mills has a fifty-two week low of $35.63 and a fifty-two week high of $62.61. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36.

Institutional Trading of General Mills

Several large investors have recently modified their holdings of the stock. Austin Private Wealth LLC raised its position in General Mills by 5.0% during the third quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after purchasing an additional 211 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in shares of General Mills by 4.2% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock worth $273,000 after purchasing an additional 219 shares in the last quarter. Smith Moore & CO. increased its position in shares of General Mills by 2.6% during the 3rd quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock valued at $443,000 after purchasing an additional 225 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of General Mills by 1.9% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock valued at $565,000 after purchasing an additional 225 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC raised its holdings in shares of General Mills by 0.7% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 32,843 shares of the company’s stock valued at $1,702,000 after buying an additional 226 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

General Mills Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is 59.66%.

General Mills News Roundup

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

• Positive Sentiment: New product momentum — General Mills is rolling out new seasonal/partnered cereal SKUs (Lucky Charms Unicorn Cotton Candy; Tropical Trix with Disney’s Moana), which can support category relevance, promotional lift and shelf activity this summer. Lucky Charms and Trix Bring Bold Flavors to the Breakfast Table Through New Cereals Made with Colors from Natural Sources
• Neutral Sentiment: High dividend yield draws attention — The stock’s ~6.5% yield is attractive to income investors, but articles note this yield exists alongside margin pressure and macro risks; that supports demand from yield-seekers but also signals elevated company risk. The General Mills Dividend Yields 6.53%. Is That Enough to Make Up for an Oil Price Shock?
• Negative Sentiment: Multiple analyst cuts from Zacks — Zacks Research sharply trimmed EPS forecasts across FY2026–FY2028 quarters (examples: Q1/Q3/Q4 2027 and Q1/Q3 2028) and carries a “Strong Sell” rating, lowering expectations for near‑term profitability. (Zacks Research notes and estimates)
• Negative Sentiment: Price-target cuts and lower forecasts from sell‑side — TD Cowen cut its price target to $32 (from $37), citing higher input costs tied to geopolitical risk (Iran war) and constrained pricing power; another outlet reports a ~15% price-target reduction to $42.84—both actions pressure sentiment and reduce upside among holders. General Mills price target lowered to $32 from $37 at TD Cowen General Mills (GIS) price target decreased by 15.29% to 42.84
• Negative Sentiment: Macroeconomic/geopolitical cost pressure — Coverage flags risks from a potential Strait of Hormuz shock (fertilizer and commodity trade disruptions) that could raise input costs across food producers and weigh on margins and pricing dynamics. Here Are 7 Ways the Strait of Hormuz Closure Is Affecting Consumer Staples Stocks

General Mills Company Profile

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.