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

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

General Mills Price Performance

GIS opened at $37.66 on Wednesday. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of -209.19, a PEG ratio of 2.08 and a beta of -0.01. 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 firm has a 50-day moving average price of $37.94 and a 200-day moving average price of $37.06. General Mills has a twelve month low of $31.75 and a twelve month high of $51.33.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.80 by $0.15. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.59 billion. During the same period last year, the firm earned $0.53 EPS. General Mills’s revenue for the quarter was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts expect that General Mills will post 3.06 EPS for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a $0.61 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. General Mills’s payout ratio is presently -1,355.56%.

Wall Street Analysts Forecast Growth

GIS has been the topic of a number of recent research reports. UBS Group set a $33.00 price target on shares of General Mills in a research report on Monday, July 6th. Weiss Ratings upgraded shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 2nd. Jefferies Financial Group boosted their price target on shares of General Mills from $33.00 to $36.00 and gave the stock a “hold” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. raised their price objective on General Mills from $31.00 to $35.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Finally, Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $39.37.

Institutional Trading of General Mills

A number of hedge funds have recently modified their holdings of GIS. Zions Bancorporation National Association UT lifted its holdings in shares of General Mills by 248.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares during the last quarter. Binnacle Investments Inc grew its stake in shares of General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after buying an additional 500 shares during the last quarter. Kelleher Financial Advisors bought a new position in General Mills during the 3rd quarter valued at approximately $34,000. Ancora Advisors LLC increased its holdings in shares of General Mills by 124.9% during the third quarter. Ancora Advisors LLC now owns 875 shares of the company’s stock valued at $44,000 after acquiring an additional 486 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in shares of General Mills in the 4th quarter worth about $52,000. 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.