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

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

General Mills Price Performance

Shares of GIS opened at $36.54 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.68 and a debt-to-equity ratio of 1.68. The stock has a market cap of $19.54 billion, a PE ratio of -204.63, a PEG ratio of 2.08 and a beta of -0.01. General Mills has a 12-month low of $31.75 and a 12-month high of $51.33. The business has a 50-day simple moving average of $37.89 and a two-hundred day simple moving average of $37.11.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.59 billion. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Analysts anticipate that General Mills will post 3.06 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.61 per share. The ex-dividend date was Friday, July 10th. This represents a $2.44 annualized dividend and a yield of 6.7%. General Mills’s dividend payout ratio (DPR) is currently -1,355.56%.

Analyst Upgrades and Downgrades

GIS has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price target on shares of General Mills in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their target price on General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. Bank of America increased their price target on General Mills from $39.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company raised their price target on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $39.37.

Institutional Trading of General Mills

Several large investors have recently modified their holdings of GIS. State Street Corp increased its stake in shares of General Mills by 0.4% in the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock valued at $1,700,060,000 after acquiring an additional 145,701 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in General Mills by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock worth $915,953,000 after acquiring an additional 488,617 shares in the last quarter. Morgan Stanley grew its holdings in General Mills by 2.1% in the fourth quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock worth $457,443,000 after purchasing an additional 200,043 shares during the period. Invesco Ltd. grew its holdings in General Mills by 14.6% in the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock worth $408,291,000 after purchasing an additional 1,115,465 shares during the period. Finally, Wellington Management Group LLP increased its stake in General Mills by 2,970.1% in the fourth quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after purchasing an additional 7,223,487 shares in the last quarter. Institutional investors and hedge funds 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.