General Mills, Inc. (GIS) AI Stock Analysis

General Mills, Inc. manufactures and markets branded consumer foods across five segments: North America Retail, Convenience Stores & Foodservice, Europe & Australia, Asia & Latin America, and Pet. Established in 1866, the company produces ready-to-eat cereals, refrigerated yogurt, soup, meal kits, dough products, baking mixes, snack bars, ice cream, wellness beverages, organic vegetables, and pet foods for dogs and cats. Its portfolio includes brands such as Annie's, Betty Crocker, Bisquick, Blue Buffalo, Cheerios, Chex, Hagen-Dazs, Nature Valley, Old El Paso, Pillsbury, Progresso, and Yoplait. Distribution spans grocery stores, mass merchandisers, e-commerce, foodservice distributors, restaurants, and convenience stores, alongside 466 leased and 392 franchise ice cream parlors.

Revenue reached $20.09B in FY2023 before declining to $19.86B in FY2024, $19.49B in FY2025, and $18.42B in FY2026, which represented a 5.4% drop. The five-year revenue CAGR from FY2021 to FY2026 stood at 0.3%. Operating margin decreased from 17.0% in FY2025 to 4.8% in FY2026, while net margin turned negative to -0.5% with net income of -$87.6M. Over the trailing twelve months, revenue totaled $18.30B with an operating margin of 15.2% and a profit margin of -4.9%. In the latest quarter ending August 31, 2026, quarterly revenue fell 2.8% year-over-year, while quarterly earnings dropped 66.7%.

As of August 31, 2026, General Mills held $433.1M in cash and short-term investments against $13.61B in total debt, resulting in net debt of $13.18B. Shareholders' equity was $7.45B, producing a debt-to-equity ratio of 1.83 and a current ratio of 0.70. For FY2026, operating cash flow stood at $2.17B and free cash flow was $1.63B. Capital expenditures totaled $539.9M, while the company allocated $500.3M to share buybacks and paid $1.32B in dividends, contributing to a 12.3% reduction in share count over five years.

General Mills trades at a forward P/E of 11.5x and a price-to-sales ratio of 1.0x, both below the median of its S&P 500 Consumer Defensive peers at 15.3x and 1.8x, respectively. The company carries an EV to EBITDA multiple of 21.2x, which sits above the peer median of 13.3x. Its price-to-book ratio is 2.6x and PEG ratio is 17.23. Over the past year, GIS returned -25.8% compared to a 16.8% return for the S&P 500 (SPY). Over five years, the stock dropped 34.5% versus an 83.0% gain for the benchmark index.

General Mills provides a forward annual dividend of $2.44 per share, translating to a dividend yield of 7.36%. The company maintains a payout ratio of 70.9% and pays dividends on a quarterly basis. It has distributed dividends for 44 consecutive years, recording a 5-year annualized dividend growth rate of 4.1%. The last ex-dividend date occurred on October 13, 2026.

Wall Street coverage consists of 1 Strong Buy, 3 Buy, 12 Hold, 2 Sell, and 2 Strong Sell recommendations. The mean price target is $37.00, representing an 11.7% upside relative to the last close of $33.13. General Mills exceeded EPS expectations in 3 of the last 4 quarters. For the current fiscal year ending May 31, 2027, consensus estimates project revenue of $17.68B and EPS of $3.08, indicating an EPS decline of 13.3%. For the next fiscal year, 19 analysts project revenue of $17.73B and EPS of $3.15.

This page is an AI-written research summary of General Mills, Inc. (GIS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: GIS income statement, GIS balance sheet, GIS key metrics, GIS analyst forecast, GIS chart. See the GIS stock overview for the latest quote and news.