General Mills, Inc.

General Mills, Inc.

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Market Cap$20.05B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
General Mills, Inc.General Mills, Inc.-2216.49%-1%1.11.8

Earnings Call Q4 2026

July 1, 2026 - AI Summary

FY26 “2-step” strategy worked, enabling FY27 pivot to innovation-led growth - Management said FY26’s priority was reinvesting in “remarkability” via base price adjustments to prevent being under key price thresholds (“value” step). - They claim results included improving household penetration for the first time in years and base volume up ~1% by FY27 entry (vs base volume down ~10% at the point they were diagnosing last year). - FY27 is the second step: shift focus from mostly price to innovation/renovation + packaging/brand communication + stronger price/mix (emphasis on mix, not just price).
FY27 outlook: modestly tougher consumer backdrop; category flat; growth expected to improve but guidance is still down YoY - They reiterated the consumer remains pressured (more deliberate shopping, more promotion reliance, trading between pack sizes/channels). - Category backdrop assumed ~flat / roughly tracks FY26 (with some category slow down ~1 point seen exiting Q4). - Key risk/negative: despite the improvement plan, management emphasized they expect continued net headwinds early and the overall outlook remains down YoY (no promise of immediate back-half volume recovery discussed in detail). - Q1 specifics (guardrails, not full quarterly guidance): - Pet shipment timing headwinds continue into Q1 - Some reversal expected in North America Retail as Q1 starts - Yogurt comparison headwind from the June FY26 divestiture remains relevant
Cost savings and transformation: major support to margins/earnings; $3B cumulative by 2030 with $750M in FY27 - Company expects $3B cumulative cost savings over 4 years through FY2030, mainly: - ~$2B from Holistic Margin Management (HMM) (at a rate consistent with prior years) - ~$1B from global transformation acceleration, including supply chain transformation (early phase; more detail to come) - They explicitly framed savings as critical to offset inflation, fund growth investments, and support earnings/cash flow. - Inflation assumption for FY27 remains 4%–5% net inflation (inflation after cost savings), tied to ~$100/bbl oil on the uncovered portion and lagging cost conversion; guidance said oil exposure is largely covered (8–9 months).

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$35.25

Target Price by Analysts

6.2% downsideGeneral Mills Target Price DetailsTarget Price
$97.97

Current Fair Value

160.8% upside

Undervalued by 160.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$20.05 Billion
Enterprise Value$33.14 Billion
Dividend Yield$2.44 (6.49%)
Earnings per Share$-0.16
Beta-0.05
Outstanding Shares536,900,000

Return

Return on Equity-1.19%ROE
Return on Assets-0.29%
Return on Invested Capital-0.51%

Valuation & Multiples

P/E Ratio-221P/E Ratio
PEG0.96PEG
Price to Sales1.11Price to Sales
Price to Book Ratio2.89Price to Book Ratio
Enterprise Value to Revenue1.8
Enterprise Value to EBIT-277.29
Enterprise Value to Net Income-379
Total Debt to Enterprise0.41
Debt to Equity1.84Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 1, 2026
EPS Estimate
$0.80
Average shareholder expectation
Revenue Estimate
$4.59 B
Average shareholder expectation

Next Earnings Call

Expected Date
September 16, 2026
EPS Estimate
$0.81
Average shareholder expectation
Revenue Estimate
$4.37 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.5596▲ 53.87%
Total Calls4,655,600▼ 7.82%
Total Puts7,260,700▲ 40.83%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %83.99%▲ 0.60%
Total Invested$16.93B▼ 19.42%
Investors Holding1,351▼ 105.00%

ESG Score

No data

About General Mills, Inc.

CEO: Jeffrey Harmening

Relevant Senate Committees

Joint Committee on Taxation

Provides official revenue estimates and analysis for all tax legislation, directly influencing corporate tax structures and the overall tax burden that General Mills faces.

Finance

Controls taxation and trade policy, directly impacting General Mills' corporate profitability through tax rates and affecting costs/revenues through tariffs and international trade agreements on ingredients and finished goods.

Agriculture, Nutrition, and Forestry

Directly impacts General Mills through the Farm Bill, which influences agricultural commodity prices (grains, sugar, etc.) essential for its products. Also involved in nutrition policy directly affecting food companies.

Health, Education, Labor, and Pensions

Oversees the FDA (part of HHS), which directly regulates food safety, labeling, and manufacturing standards for General Mills' products. It also influences labor laws impacting operational costs.

Judiciary

Oversees antitrust laws and intellectual property. General Mills operates in a concentrated industry and relies heavily on brand protection, making it directly susceptible to antitrust scrutiny and intellectual property disputes.