General Mills (GIS) stock
Consumer Staples · Packaged Foods & Meats
General Mills (GIS) is a Packaged Foods & Meats company in the Consumer Staples sector, headquartered in Golden Valley, Minnesota. As of October 23, 2026, GIS closed at $34.39, a market capitalization of $18.39 billion, the 417th largest company in the S&P 500.
- 1-year total return: -23.3% (dividends reinvested)
- 5-year return: -7.6% a year
- 52-week range: $31.18 – $49.59
- Dividend yield: 7.10%, 6 straight years of increases
- FI Handbook report card: A across 4 metrics
- 29th largest of 34 Consumer Staples stocks in the S&P 500
GIS price chart
1Y price change: -28.2% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| GIS | -2.2% | -20.9% | -23.3% | -14.3% | -7.6% | -1.8% | +11.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
GIS key statistics
- Market cap
- $18.4B
- #417 in S&P 500
- P/E (TTM)
- —
- Forward P/E
- 10.9x
- EPS (TTM)
- —
- Revenue (TTM)
- —
- Free cash flow
- $1.5B
- Gross margin
- —
- Operating margin
- —
- Return on equity
- —
- Dividend yield
- 7.10%
- 52-week range
- $31.18 – $49.59
- Beta
- —
- Price / sales
- —
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- —
GIS report card
ATen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth——
- Gross margin——
- Operating margin——
- FCF margin——
- Return on equity——
- Net debt / EBITDA0.0xA
- Forward P/E10.9xA
- PEG ratio——
- Shareholder yield9.8%A
- Share count change / yr-2.8%A
General Mills financials
Revenue went from $15.6B in fiscal 2017 to $18.4B in fiscal 2026, growing 1.9% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.6B | $15.7B | $16.9B | $17.6B | $18.1B | $19.0B | $20.1B | $19.9B | $19.5B | $18.4B |
| Gross profit | $5.6B | $5.4B | $5.8B | $6.1B | $6.4B | $6.4B | $6.5B | $6.9B | $6.7B | $6.2B |
| Operating income | $2.5B | $2.4B | $2.5B | $3.0B | $3.1B | $3.5B | $3.4B | $3.4B | $3.3B | $885.8M |
| Net income | $1.7B | $2.1B | $1.8B | $2.2B | $2.3B | $2.7B | $2.6B | $2.5B | $2.3B | -$87.6M |
| EPS (diluted) | $2.77 | $3.64 | $2.90 | $3.56 | $3.78 | $4.42 | $4.31 | $4.31 | $4.10 | $-0.16 |
| Free cash flow | $1.7B | $2.2B | $2.3B | $3.2B | $2.5B | $2.7B | $2.1B | $2.5B | $2.3B | $1.6B |
| Buybacks | $1.7B | $601.6M | $1.1M | $3.4M | $301.4M | $876.8M | $1.4B | $2.0B | $1.2B | $500.3M |
| Dividends paid | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B | $1.4B | $1.3B | $1.3B |
| Diluted shares | 598.0M | 585.7M | 605.4M | 613.3M | 619.1M | 612.6M | 601.2M | 579.5M | 557.5M | 537.7M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into GIS?
A reverse DCF asks what growth the current price requires. With an enterprise value of $18.4B and $1.5B of trailing free cash flow, General Mills needs to grow free cash flow about -2.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -7.9% a year over the last five years.
P/E ratio history
Current 9.2x vs. median 17.3x (10th–90th percentile 12.8x–21.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
GIS dividend
- Dividend yield
- 7.10%
- Annual dividend
- $2.44
- Years of increases
- 6
- 5-yr dividend growth
- 4.1%
- per year
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
GIS analyst price targets
20 analysts' average 12-month target is $37.00 (+8% vs. $34.39). Targets range from $30.00 to $45.00. 20% rate it a buy.
GIS earnings
Next report: December 23, 2026. General Mills has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $4.4B (-3% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Sep 23, 2026 | $0.72 | $0.75 | +4.5% |
| Jul 1, 2026 | $0.80 | $0.95 | +19.2% |
| Mar 18, 2026 | $0.73 | $0.64 | -12.1% |
| Dec 17, 2025 | $1.03 | $1.10 | +7.1% |
| Sep 17, 2025 | $0.82 | $0.86 | +5.5% |
| Jun 25, 2025 | $0.71 | $0.74 | +4.1% |
| Mar 19, 2025 | $0.96 | $1.00 | +4.0% |
| Dec 18, 2024 | $1.22 | $1.40 | +15.0% |
Stocks like GIS
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MDLZ Mondelez International | -2.13% | +8% | $81.4B | 23.5x | Compare |
 HSY Hershey | -3.42% | -4% | $34.1B | 23.2x | Compare |
 KHC Kraft Heinz | -1.16% | +4% | $29.4B | — | Compare |
 TSN Tyson Foods | -0.65% | +13% | $19.9B | 35.0x | Compare |
 SJM J.M. Smucker | -2.56% | +32% | $13.9B | 60.7x | Compare |
 MKC McCormick & Company, Incorporat | -1.21% | -26% | $12.9B | 8.7x | Compare |
 HRL Hormel Foods | -1.40% | -6% | $11.6B | 34.0x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
GIS news
- How EPIC Sticks Launch At General Mills (GIS) Has Changed Its Investment Story · Oct 23, 2026
- 3 mid-cap stocks with questionable fundamentals · Oct 23, 2026
- General Mills (GIS) Up 1% Since Last Earnings Report: Can It Continue? · Oct 23, 2026
- General Mills (GIS) Stock Seems About Right On Its 38% Slide · Oct 23, 2026
- General Mills (GIS) Launches EPIC Sticks, Is The Stock Still Cheap? · Oct 23, 2026
GIS stock FAQ
What is GIS's market cap?
General Mills's market capitalization is $18.39 billion as of October 23, 2026, ranking 417th in the S&P 500.
Does GIS pay a dividend?
Yes. General Mills pays $2.44 per share a year, a 7.10% yield. It has raised its dividend 6 years in a row. Dividends grew 4.1% a year over the last five years.
How much has GIS stock returned?
Including reinvested dividends, GIS returned -23.3% over one year, -7.6% a year over five years, -1.8% a year over ten years through October 23, 2026.
Is GIS stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies General Mills must grow free cash flow about -2% a year for the next decade. Its free cash flow fell 8% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the GIS price target?
20 analysts cover GIS with an average 12-month price target of $37.00, +8% from the current price. 20% of them rate it a buy.
When does GIS report earnings?
General Mills is expected to report earnings on December 23, 2026. It has beaten EPS estimates 2 quarters in a row.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology