General Mills Inc. (GIS): price, analyst ratings, earnings and fundamentals
Updated 16 October 2026, 06:50 ET
General Mills Inc. (GIS) closed at $32.88 on 15 October 2026, up 2.4%. The stock is down 10.7% over one month and down 32.3% over one year. It trades 33.8% below its 52-week high of $49.70. Analysts recorded 6 actions in the last 90 days; the median price target of $37 is 12.5% above the last close. The company last reported on 23 September 2026 for Q1 2027: EPS of $0.75 against an estimate of $0.72, a beat of 4.2%, on revenue of $4.4 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open GIS in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 6 analyst actions on GIS from 5 firms: 6 maintained or reiterated a view. Price targets were 3 raised and 1 lowered. The most recent targets from 15 firms range from $30 to $45, with a median of $37, 12.5% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 25 Sep 2026 | Barclays | Maintains Equal-Weight | $36.00 to $37.00 |
| 24 Sep 2026 | RBC Capital | Reiterates Outperform | $45.00 |
| 24 Sep 2026 | TD Cowen | Maintains Hold | $32.00 to $33.00 |
| 21 Sep 2026 | RBC Capital | Reiterates Outperform | $45.00 |
| 14 Sep 2026 | Evercore ISI Group | Maintains In-Line | $39.00 to $38.00 |
| 1 Sep 2026 | B of A Securities | Maintains Neutral | $39.00 to $43.00 |
| 2 Jul 2026 | Freedom Broker | Maintains Hold | $70.00 to $42.00 |
| 2 Jul 2026 | JP Morgan | Maintains Underweight | $31.00 to $35.00 |
| 2 Jul 2026 | BNP Paribas | Maintains Neutral | $37.00 to $38.00 |
| 2 Jul 2026 | Deutsche Bank | Maintains Hold | $32.00 to $33.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 16 December 2026 before the open for Q2 2027, with EPS expected at $0.95 on revenue of $4.7 billion. General Mills Inc. beat the EPS estimate in 7 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q1 2027 | 23 Sep 2026 | $0.72 | $0.75 | +4.17% | $4.4B |
| Q4 2026 | 1 Jul 2026 | $0.80 | $0.95 | +18.75% | $4.6B |
| Q3 2026 | 18 Mar 2026 | $0.75 | $0.64 | -14.67% | $4.4B |
| Q2 2026 | 17 Dec 2025 | $1.02 | $1.10 | +7.84% | $4.9B |
| Q1 2026 | 17 Sep 2025 | $0.81 | $0.86 | +6.17% | $4.5B |
| Q4 2025 | 25 Jun 2025 | $0.71 | $0.74 | +4.23% | $4.6B |
| Q3 2025 | 19 Mar 2025 | $0.96 | $1.00 | +4.17% | $4.8B |
| Q2 2025 | 18 Dec 2024 | $1.22 | $1.40 | +14.75% | $5.2B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 August 2026, General Mills Inc. reported revenue of $4.4 billion and net income of $397.0 million. On a trailing twelve month basis the company shows revenue growth of -4.49%, a gross margin of 33.61%, an operating margin of -1.13% and a return on equity of -10.55%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $4,389,500,000 |
| Cost of Revenue | $2,902,300,000 |
| Gross Profit | $1,487,200,000 |
| Selling, General & Administrative Expenses | $832,200,000 |
| Depreciation & Amortization | $139,800,000 |
| Total Operating Expenses | $3,755,900,000 |
| Operating Profit | $633,600,000 |
| Pre-tax Income | $502,000,000 |
| Income Tax Expense | $122,800,000 |
| Net Income | $397,000,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $297,800,000 |
| Stock-based Compensation | $21,800,000 |
| Cash from Investing Activities | -$115,900,000 |
| Capital Expenditures | $90,500,000 |
| Cash from Financing Activities | -$209,600,000 |
| Dividends Paid | $330,500,000 |
| Free Cash Flow | $207,300,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $433,100,000 |
| Other Receivables | $243,200,000 |
| Prepaid Expenses | $512,800,000 |
| Inventory | $2,163,200,000 |
| Other Current Assets | $599,800,000 |
| Total Current Assets | $4,884,300,000 |
| Plant, Property & Equipment, Net | $3,383,400,000 |
| Operating Lease Right-of-Use Assets | $384,800,000 |
| Goodwill Intangible Assets, Net | $20,823,300,000 |
| Deferred Tax Asset | $358,200,000 |
| Other Long-term Assets | $1,182,400,000 |
| Total Assets | $30,273,400,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Accounts Payable & Accrued Expenses | $3,715,200,000 |
| Total Short-term Debt | $1,248,400,000 |
| Operating Lease Liabilities, Current | $102,000,000 |
| Other Current Liabilities | $1,473,400,000 |
| Total Current Liabilities | $6,940,000,000 |
| Long-term Debt | $13,414,000,000 |
| Operating Lease Liabilities, Long-term | $300,400,000 |
| Finance Lease Liabilities | $400,000 |
| Deferred Income Taxes | $2,260,400,000 |
| Minority Interest | $13,400,000 |
| Other Liabilities | $1,242,000,000 |
| Total Liabilities | $22,809,600,000 |
| Common Stock | $75,500,000 |
| Retained Earnings | $20,581,400,000 |
| Treasury Stock | -$11,842,600,000 |
| Other Accumulated Comprehensive Income | -$2,516,900,000 |
| Total Stockholders Equity | $7,450,400,000 |
| Total Liability & Stockholders Equity | $30,273,400,000 |
Figures as filed with the SEC for the period ended 30 August 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Liquidity
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Cash Ratio | 0.06 | 28th | Calculated as the ratio of Cash and cash equivalents / Current liabilities. This metric calculates the company's ability to repay its short-term debt |
| Current Ratio | 0.70 | 35th | Calculated as the ratio of Current Assets / Current Liabilities. The higher the current ratio, the more capable the company is of paying its obligations |
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.45 | 83rd | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 1.83 | 87th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Long Term Debt/Long Term Capital | 0.64 | 75th | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
| Long Term Debt/Total Capital | 0.64 | 86th | Calculated as (Short-Term Debt + Long-Term Debt / (Short-Term Debt + Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Free Cashflow Margin Pct | 8.5% | 62nd | Calculated as the ratio of Free Cashflow from Operating Activities / Net Sales. It measures how much per dollar of revenue the company is able to convert into free cash flow. |
| Gross Margin Pct | 33.6% | 42nd | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| Operating Margin Pct | -1.1% | 39th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| PreTax Margin Pct | -4.2% | 34th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | -2.8% | 42nd | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | -10.6% | 35th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | -0.9% | 39th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| FCF Pct Growth | -26.3% | 24th | The Free Cash Flow growth rate over the trailing twelve months (TTM) |
| FCF Pct Growth 3 year CAGR | -23.7% | 31st | The Free Cash Flow compound annual growth rate (CAGR) over the past 3 years |
| FCF Pct Growth 5 year CAGR | -31.3% | 25th | The Free Cash Flow compound annual growth rate (CAGR) over the past 5 years |
| FCF Return on Assets Pct | 4.9% | 68th | Calculated as the ratio of Cashflow from Operations / Total Assets. A high cash return on assets means a company is generating more cash flow from every asset dollar |
| Operating Cashflow Pct Growth | -23.2% | 26th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | -9.3% | 29th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | -5.7% | 32nd | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | -4.5% | 25th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | -3.4% | 26th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | -0.0% | 24th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | -18.0% | 7th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open GIS in FundSpec.
Insider activity
In the last 90 days insiders filed 19 transactions: 15 acquisitions covering 56,751 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 6,294 shares by Pankaj Mn Sharma, Segment President on 1 October 2026, worth about $197,192 at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 1 Oct 2026 | Pankaj Mn Sharma | Segment President | S | 6,294 | $31.33 | $197K |
| 29 Sep 2026 | Jorge A. Uribe | Director | F | 560 | $33.82 | $19K |
| 29 Sep 2026 | Maria Henry | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Eric D Sprunk | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Joan Bottarini | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Benno O Dorer | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Diane L Neal | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Jo Ann Jenkins | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Elizabeth Cahill Lempres | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | John G Morikis | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Jorge A. Uribe | Director | Acquisition | 5,323 | ||
| 29 Sep 2026 | Maria Sastre | Director | Acquisition | 5,323 | ||
| 30 Aug 2026 | Maria Henry | Director | Acquisition | 842 | $40.08 | $34K |
| 30 Aug 2026 | Jorge A. Uribe | Director | Acquisition | 748 | $40.08 | $30K |
| 30 Aug 2026 | John G Morikis | Director | Acquisition | 654 | $40.08 | $26K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 23 September 2026.
| Filed | Form | Document |
|---|---|---|
| 23 Sep 2026 | 10-Q | View on sec.gov |
| 1 Jul 2026 | 10-K | View on sec.gov |
| 18 Mar 2026 | 10-Q | View on sec.gov |
| 17 Dec 2025 | 10-Q | View on sec.gov |
| 17 Sep 2025 | 10-Q | View on sec.gov |
| 26 Jun 2025 | 10-K | View on sec.gov |
| 19 Mar 2025 | 10-Q | View on sec.gov |
| 18 Dec 2024 | 10-Q | View on sec.gov |
| 18 Sep 2024 | 10-Q | View on sec.gov |
| 26 Jun 2024 | 10-K | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Food and Kindred Products
- Industry
- Food Products
- Headquarters
- Minneapolis, Minnesota
- Chief executive
- Jeffrey L. Harmening
- Employees
- 32,500
- Website
- generalmills.com
- SEC CIK
- 0000040704
General Mills, Inc. manufactures and markets branded consumer foods worldwide. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, and meal kits. It also supplies branded and unbranded food products to North American foodservice and commercial baking industries. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-G
Sector and peers
General Mills Inc. is part of the Food and Kindred Products sector, which FundSpec tracks across 70 companies.
Companies in the same industry by market capitalization:
BUD Anheuser-Busch InBev SAMNST Monster Beverage Corp.MDLZ Mondelez International, Inc.DEO Diageo PLCABEV Ambev S.A.CCEP Coca-Cola Europacific Partners plcFMX Mexican Economic Development Inc.ADM Archer-Daniels-Midland Co.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for GIS are available to subscribers, with the same screen in the iOS and Android apps.
Open GIS in FundSpec