General Mills, Inc. (NYSE:GIS – Get Free Report)’s share price gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $34.80, but opened at $37.72. General Mills shares last traded at $37.8120, with a volume of 4,436,619 shares trading hands.
The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.13. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.59 billion. During the same period in the previous year, the business posted $0.53 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS.
Trending Headlines about General Mills
Here are the key news stories impacting General Mills this week:
- Positive Sentiment: General Mills reported Q4 adjusted EPS of $0.95, well above the $0.80 consensus, with revenue of $4.61 billion also slightly ahead of estimates. The earnings beat is the main driver behind the stock’s gains. General Mills (GIS) Stock Surges 4% on Strong Q4 Earnings Beat
- Positive Sentiment: The company said it is focusing on organic sales growth, cost cuts, and product expansion to win back consumers, which could support margins and stabilize results over time. General Mills Stock Rises on Earnings and Says It‘s Focusing on Organic Sales Growth
- Neutral Sentiment: General Mills guided fiscal 2027 EPS to $3.00-$3.20 versus a $3.13 consensus, which suggests expectations are roughly balanced rather than a major upside surprise. General Mills earnings report and guidance
- Neutral Sentiment: Investors are also watching signs that North America retail sales remain weak even as international sales improve, highlighting a mixed demand backdrop. General Mills in charts: North America Retail sales continue to fall as international grows Y/Y
- Negative Sentiment: The company swung to a quarterly loss on a GAAP basis, underscoring continued pressure from cautious consumers and a challenging packaged-foods environment. General Mills Swings to Loss, Works to Win Back ‘Challenging’ Consumers
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on GIS
Insider Activity at General Mills
In other news, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills 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 sale, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider owned 62,283 shares of the company’s stock, valued at $2,148,763.50. The trade was a 11.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.
Hedge Funds Weigh In On General Mills
Hedge funds and other institutional investors have recently modified their holdings of the business. Basecamp Wealth Advisors LLC raised its holdings in General Mills by 18.6% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 3,824 shares of the company’s stock valued at $142,000 after acquiring an additional 599 shares during the last quarter. Redwood Investment Management LLC acquired a new position in shares of General Mills during the 1st quarter worth approximately $639,000. Empowered Funds LLC grew its position in shares of General Mills by 5.2% in the first quarter. Empowered Funds LLC now owns 209,451 shares of the company’s stock valued at $7,796,000 after purchasing an additional 10,323 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in shares of General Mills by 2.5% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 16,185 shares of the company’s stock valued at $602,000 after purchasing an additional 393 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of General Mills by 72.8% in the first quarter. NewEdge Advisors LLC now owns 123,524 shares of the company’s stock valued at $4,598,000 after purchasing an additional 52,046 shares during the last quarter. 75.71% of the stock is owned by hedge funds and other institutional investors.
General Mills Stock Performance
The firm has a fifty day moving average of $34.13 and a 200 day moving average of $39.94. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 9.25 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.
General Mills Company Profile
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.
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