General Mills
Makes branded cereal, snacks, meals, baking products, pet food, and ice cream.
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Profile
Sells branded cereal, snacks, meals, dough, baking products, premium pet food, ice cream, and foodservice products across regional and channel-based businesses. Most sales come from the United States, with Walmart representing more than one-fifth of consolidated sales.
Markets branded human and pet foods through North America Retail, International, North America Pet, and North America Foodservice. The portfolio spans cereal, snacks, convenient meals, dough, baking products, premium pet food and treats, and super-premium ice cream. Cheerios, Nature Valley, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, Tiki Pets, and Häagen-Dazs anchor these categories.
Builds demand through brand investment and product innovation, then distributes through retail, e-commerce, pet specialty, restaurants, and institutional foodservice. Most sales come from the United States; international operations and cereal and ice-cream joint ventures extend reach abroad. North American yogurt has been sold, and Brazil remains held for sale. Food-safety and labeling rules govern the portfolio, while Walmart accounts for more than one-fifth of consolidated sales.
Company facts
Key statistics
Year to date −9.1% · Average volume (30d) 8.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 6, 2026 | UBS | Target | $30 | $33 | |
| Jul 2, 2026 | Deutsche Bank | Reiterate | Hold | $51 | $33 |
| Jul 2, 2026 | Wells Fargo | Reiterate | Underweight | $35 | $33 |
| Jul 1, 2026 | Jefferies | Reiterate | Hold | $47 | $36 |
| Jun 5, 2026 | Morgan Stanley | Reiterate | Underweight | $44 | $32 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 1, 2026Q4 FY26 | $0.80 | $0.95 | +19.2% | $4.59B | $4.61B | +0.5% | −0.53% |
| Mar 18, 2026Q3 FY26 | $0.73 | $0.64 | −12.1% | $4.41B | $4.44B | +0.6% | −0.24% |
| Dec 17, 2025Q2 FY26 | $1.03 | $1.10 | +6.8% | $4.78B | $4.86B | +1.7% | +0.21% |
| Sep 17, 2025Q1 FY26 | $0.82 | $0.86 | +5.1% | $4.54B | $4.52B | −0.4% | +1.36% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.84B | $4.56B | $4.52B | $4.86B | $4.44B | $4.61B | |
| Gross profit | $1.64B | $1.47B | $1.53B | $1.69B | $1.36B | $1.58B | |
| Operating income | $891.4M | $504.0M | $1.73B | $728.0M | $545.2M | $689.9M | |
| Net income | $625.6M | $294.0M | $1.20B | $413.0M | $303.1M | −$2.01B | |
| Diluted EPS | $1.12 | $0.52 | $2.22 | $0.78 | $0.56 | −$3.74 | |
| Gross margin | 33.9% | 32.4% | 33.9% | 34.8% | 30.6% | 34.2% | |
| Operating margin | 18.4% | 11.1% | 38.2% | 15.0% | 12.3% | 15.0% |
Fiscal years (4-quarter sums)FY22 $18.99B · FY23 $20.09B · FY24 $19.86B · FY25 $19.49B · FY26 $18.42B
Revenue by product · Q4 FY26
Revenue by geography · Q4 FY26
Balance sheet, May 31, 2026Cash & short-term investments $453.8M · Total debt $13.54B · Total assets $30.02B · Shareholders' equity $7.37B
Dividends
Raised for 20 straight years — most recently to $0.61 from $0.60 in Jul 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 10, 2026 | Jul 10 | Aug 3 | $0.61 | |
| Apr 10, 2026 | Apr 10 | May 1 | $0.61 | |
| Jan 9, 2026 | Jan 9 | Feb 2 | $0.61 | |
| Oct 10, 2025 | Oct 10 | Nov 3 | $0.61 | |
| Jul 10, 2025 | Jul 10 | Aug 1 | $0.61 | raised from $0.60 |
| Apr 10, 2025 | Apr 10 | May 1 | $0.60 | |
| Jan 10, 2025 | Jan 10 | Feb 3 | $0.60 | |
| Oct 10, 2024 | Oct 10 | Nov 1 | $0.60 |
Ownership
Shares outstanding 533.71M · Float 530.91M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 62.69M | 11.75% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 34.83M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 34.00M | 6.37% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 26.67M | 5.00% | 13F | Aug 13, 2026 |
| Charles Schwab Investment Management Inc | 18.05M | 3.38% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Ricardo Fernandez | officer: Segment President | −7,995 | $34.50 |
| May 13, 2026 | Jacqueline Williams-Roll | officer: Chief Human Resources Officer | −10,000 | $33.97 |
| May 12, 2026 | Jacqueline Williams-Roll | officer: Chief Human Resources Officer | −10,000 | $34.27 |
| Dec 19, 2025 | Paul Joseph Gallagher | officer: Chief Supply Chain Officer | −1,500 | $48.15 |
| Sep 19, 2025 | Jacqueline Williams-Roll | officer: Chief Human Resources Officer | −4,000 | $50.04 |
Peers
- PepsiCo
Quaker and Frito-Lay pressure breakfast and snack shelves
- Post
Direct cereal and pet-food overlap through Post Consumer Brands
- Kraft Heinz
Center-store meals, snacks, desserts, and cheese overlap
- Mondelez International
Global snack brands pressure biscuits, bars, and shelf space
- Conagra Brands
Frozen meals, snacks, baking, and foodservice overlap
- J.M. Smucker
Pet snacks, frozen handhelds, and sweet baked goods overlap
- Colgate-Palmolive
Hill's challenges premium and therapeutic pet nutrition
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| General Mills | $41.13 | −1.02% | $22.18B | — | 13.7 | 1.2 | +1.2% |
| PepsiCo | $141.75 | +0.48% | $192.70B | 18.5 | 16.2 | 2.0 | +6.4% |
| Post | $84.16 | −1.37% | $3.87B | 15.7 | 12.1 | 0.5 | −1.8% |
| Kraft Heinz | $25.72 | +0.13% | $30.47B | — | 12.9 | 1.2 | −1.4% |
| Mondelez International | $62.76 | +0.66% | $79.59B | 23.0 | 19.3 | 2.0 | +4.1% |
| Conagra Brands | $16.05 | −0.22% | $7.70B | — | 10.7 | 0.7 | +3.6% |
| J.M. Smucker | $132.34 | −0.00% | $14.14B | 61.8 | 13.0 | 1.5 | +5.0% |
| Colgate-Palmolive | $90.85 | +0.15% | $72.62B | 36.0 | 23.1 | 3.5 | +4.9% |
| Median | 23.0 | 13.0 | 1.5 | +4.1% |