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

General Mills (NYSE:GIS) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.000-3.200 for the period, compared to the consensus estimate of 3.130. The company issued revenue guidance of -.

General Mills Price Performance

NYSE:GIS opened at $34.89 on Wednesday. The company has a 50 day moving average price of $34.13 and a 200-day moving average price of $39.94. General Mills has a 1-year low of $31.75 and a 1-year high of $54.18. The firm has a market cap of $18.62 billion, a price-to-earnings ratio of 8.53 and a beta of -0.03. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GIS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of General Mills in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of General Mills from $38.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, March 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective on shares of General Mills in a research note on Tuesday, June 2nd. Morgan Stanley dropped their price objective on shares of General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, June 5th. Finally, Mizuho lowered their target price on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $39.06.

Insider Buying and Selling

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $34.50, for a total transaction of $275,827.50. Following the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the transaction, the insider owned 86,002 shares of the company’s stock, valued at approximately $2,947,288.54. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On General Mills

A number of hedge funds have recently made changes to their positions in the company. DV Equities LLC acquired a new stake in shares of General Mills in the fourth quarter valued at $105,000. Quarry LP bought a new position in General Mills during the fourth quarter worth about $81,000. Timmons Wealth Management LLC acquired a new position in General Mills in the 4th quarter worth $80,000. Ankerstar Wealth LLC acquired a new position in shares of General Mills during the fourth quarter worth about $106,000. Finally, MUFG Securities EMEA plc bought a new stake in General Mills in the 2nd quarter valued at approximately $84,000. 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.