Zacks Research Reduces Earnings Estimates for General Mills

General Mills, Inc. (NYSE:GIS) – Zacks Research lowered their FY2025 earnings per share (EPS) estimates for shares of General Mills in a research note issued on Wednesday, April 2nd. Zacks Research analyst R. Department now expects that the company will post earnings per share of $4.19 for the year, down from their previous forecast of $4.42. The consensus estimate for General Mills’ current full-year earnings is $4.36 per share. Zacks Research also issued estimates for General Mills’ Q1 2026 earnings at $0.97 EPS, Q3 2026 earnings at $0.96 EPS, Q1 2027 earnings at $1.02 EPS and Q3 2027 earnings at $1.00 EPS.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company cut their price target on shares of General Mills from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Barclays cut their target price on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. reduced their price target on General Mills from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Morgan Stanley initiated coverage on General Mills in a research note on Monday, March 24th. They issued an “underweight” rating and a $53.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $70.00 target price on shares of General Mills in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.69.

General Mills Price Performance

NYSE:GIS opened at $59.64 on Monday. The stock has a market capitalization of $32.87 billion, a PE ratio of 12.97, a P/E/G ratio of 1.94 and a beta of 0.15. General Mills has a 1-year low of $55.15 and a 1-year high of $75.90. The firm has a fifty day simple moving average of $59.97 and a 200 day simple moving average of $64.11. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share.

General Mills Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be paid a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 annualized dividend and a dividend yield of 4.02%. General Mills’s dividend payout ratio (DPR) is presently 52.75%.

Insider Buying and Selling

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $65.00, for a total value of $739,635.00. Following the completion of the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. The trade was a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by insiders.

Hedge Funds Weigh In On General Mills

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of General Mills during the 4th quarter worth $496,484,000. Nordea Investment Management AB lifted its position in General Mills by 64.5% during the fourth quarter. Nordea Investment Management AB now owns 7,803,046 shares of the company’s stock worth $497,054,000 after purchasing an additional 3,058,414 shares during the period. JPMorgan Chase & Co. grew its stake in General Mills by 105.2% during the third quarter. JPMorgan Chase & Co. now owns 5,708,223 shares of the company’s stock worth $421,552,000 after buying an additional 2,926,232 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in General Mills by 34.5% in the 4th quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock valued at $581,903,000 after buying an additional 2,341,137 shares during the period. Finally, Nepsis Inc. raised its position in shares of General Mills by 3,504.8% in the 4th quarter. Nepsis Inc. now owns 2,164,395 shares of the company’s stock valued at $138,023,000 after buying an additional 2,104,353 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.