# General Mills, Inc. (GIS)

> Source: Nexqual · https://nexqual.com/GIS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, General Mills, Inc. (GIS), nexqual.com/GIS" · informational, not investment advice.

**Price:** USD 35.18 (+8.01% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 35.18 · day 32.88–35.18 · 52w 31.18–49.59 · market cap null · NYQ

## Key facts
- Last four reported quarters (through Aug 30, 2026): revenue $18.3B, net income -$895M (-4.9% margin), free cash flow $1.55B (SEC filings).
- 3 of 80 tracked superinvestors hold GIS (13F, Q2 2026): 0 new, 0 added, 2 reduced, 1 unchanged.
- Total return with dividends: 1Y -21.5% vs S&P 500 +14.9%; 5Y -31.1% vs S&P 500 +80.3%.
- Next earnings: 2026-12-23, EPS estimate USD 0.95, revenue estimate $4.71B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $19.0B | $20.1B | $19.9B | $19.5B | $18.4B | $18.3B |
| Gross profit | $6.40B | $6.55B | $6.93B | $6.73B | $6.20B | — |
| Operating income | $3.48B | $3.43B | $3.43B | $3.30B | $886M | -$206M |
| Net income | $2.71B | $2.59B | $2.50B | $2.30B | -$87.6M | -$895M |
| EPS (diluted) | $4.42 | $4.31 | $4.31 | $4.10 | -$0.16 | — |
| Free cash flow | $2.75B | $2.09B | $2.53B | $2.29B | $1.63B | $1.55B |
| Gross margin | 33.7% | 32.6% | 34.9% | 34.6% | 33.6% | — |
| Operating margin | 18.3% | 17.1% | 17.3% | 17.0% | 4.8% | -1.1% |
| Net margin | 14.3% | 12.9% | 12.6% | 11.8% | -0.5% | -4.9% |
| Revenue growth | +4.8% | +5.8% | -1.2% | -1.9% | -5.4% | — |
| Cash + short-term investments | $569M | $586M | $418M | $364M | $454M | — |
| Total debt | $10.8B | $11.7B | $12.9B | $14.2B | $13.5B | — |
Fiscal years end May. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 30, 2026)

P/E at fiscal year-ends: May 2025 13.2x, May 2024 16.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold GIS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.02% | $2.4M | Reduced -27.6% |
| Jensen Investment Management |  | 0.01% | $437K | Reduced -29.7% |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $390K | Unchanged |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-25 | Barclays | Target raised | Equal-Weight | $36 → $37 |
| 2026-09-24 | RBC Capital | Reiterated | Outperform | $45 |
| 2026-09-24 | TD Cowen | Target raised | Hold | $32 → $33 |
| 2026-09-21 | RBC Capital | Reiterated | Outperform | $45 |
| 2026-09-14 | Evercore ISI Group | Target lowered | In-Line | $39 → $38 |
| 2026-09-01 | B of A Securities | Target raised | Neutral | $39 → $43 |
| 2026-07-02 | Freedom Broker | Target lowered | Hold | $70 → $42 |
| 2026-07-02 | JP Morgan | Target raised | Underweight | $31 → $35 |
| 2026-07-02 | BNP Paribas | Target raised | Neutral | $37 → $38 |
| 2026-07-02 | Deutsche Bank | Target raised | Hold | $32 → $33 |
| 2026-07-02 | TD Cowen | Target raised | Hold | $31 → $32 |
| 2026-07-02 | B of A Securities | Target raised | Neutral | $36 → $39 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -21.5% | -31.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -21.6% | -7.2% |
| Volatility (annualized) | 30.1% | 22.0% |
| Max drawdown | -33.3% (Feb 2026→Jun 2026) | -59.1% (May 2023→Sep 2026) |

## Peers (Packaged Foods)
SJM (The J.M. Smucker Company) USD 133.39 +4.37% · JBS (JBS N.V.) USD 12.37 -0.80% · MKC-V (McCormick & Company, Incorporat) USD 49.22 +4.19% · MICC (The Magnum Ice Cream Company N.) USD 19.39 +2.32% · HRL (Hormel Foods Corporation) USD 21.36 +4.50% · KHC (The Kraft Heinz Company) USD 25.09 +6.77%

## More
Full page: https://nexqual.com/GIS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name GIS in their own reports (relationship from GIS's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| related | Brazil Potash Corp. (GRO) | 20-F 2026-03-23 | "Prior to Viterra Inc., Mr. Schmidt held senior management positions at several Fortune 100 companies, including General Mills, Inc., ConAgra, Inc., and ConAgra's global KBC Trading and Processing Comp…" |
| partner | B&G Foods, Inc. (BGS) | 10-K 2026-03-03 | "For example, we sell Weber seasonings and other flavor enhancers pursuant to a licensing agreement with Weber-Stephen Products LLC, Crockpot seasoning mixes pursuant to a license agreement with Sunbea…" |
| supplier | GRAPHIC PACKAGING HOLDING CO (GPK) | 10-K 2026-03-02 | "Consumer product customers include The Kraft Heinz Company, General Mills, Inc., Nestlé USA, Inc., Mars, Inc., Ferrero Group and Kimberly-Clark Corporation, among others." |
| supplier | SILGAN HOLDINGS INC (SLGN) | 10-K 2026-02-26 | "Our largest customers for these products include Austria Pet Food GmbH, Campbell, Conagra Brands, Inc., Eagle Family Foods Group LLC, General Mills, Inc., Goya Foods, Inc., Hill's Pet Nutrition, Inc.,…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-11-30) | $0.95 | $0.99 | -3.9% | $4.71B | 17 |
| Next quarter (ends 2027-02-28) | $0.69 | $0.66 | +5.7% | $4.38B | 16 |
| Current fiscal year (ends 2027-05-31) | $3.08 | $3.10 | -0.6% | $17.68B | 19 |
| Next fiscal year (ends 2028-05-31) | $3.15 | $3.23 | -2.4% | $17.73B | 19 |