General Mills (NYSE:GIS) Issues Earnings Results

General Mills (NYSE:GIS) posted its earnings results on Wednesday. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03, Zacks reports. General Mills had a net margin of 13.02% and a return on equity of 26.39%. During the same period in the prior year, the firm posted $1.01 earnings per share. General Mills updated its FY 2026 guidance to 3.580-3.790 EPS.

General Mills Stock Down 0.2%

Shares of GIS stock opened at $53.38 on Wednesday. The stock has a market cap of $29.42 billion, a P/E ratio of 11.73, a PEG ratio of 1.26 and a beta of 0.02. General Mills has a 52 week low of $52.20 and a 52 week high of $75.90. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $54.73 and its two-hundred day simple moving average is $58.63.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, March 10th. The Goldman Sachs Group downgraded shares of General Mills from a “buy” rating to a “neutral” rating and cut their price objective for the company from $68.00 to $58.00 in a research report on Monday, June 9th. Piper Sandler cut their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research report on Tuesday, February 25th. Barclays cut their price objective on shares of General Mills from $68.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Finally, Citigroup cut their price objective on shares of General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, General Mills presently has an average rating of “Hold” and a consensus target price of $62.63.

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.