Latest revenue
$4.44B
as of 2026-02-22
Latest net income
$303.1M
as of 2026-02-22
Net margin
6.8%
as of 2026-02-22
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $17.98B
- Enterprise value
- $31.16B
- P/E (trailing)
- 7.8×
- Forward P/E
- —
- P/B
- 1.92×
- Dividend yield
- 7.2%
- 52-wk high
- $55.19
- 52-wk low
- $32.64
- Beta
- —
- Shares out
- 533.7M
5-year trend
What this company does
General Mills makes and sells branded packaged foods, including cereals (Cheerios), snacks (Nature Valley), pet food (Blue Buffalo), baking mixes, and meals sold through grocery retailers worldwide. The company generates revenue primarily from selling these consumer food products to retailers, with sales running about $4.4 billion per quarter across North American and international markets. General Mills just exited the yogurt category, completing the $1.05 billion divestiture of its US yogurt business to Lactalis while sales declined roughly 8% year-over-year amid a broader portfolio reshaping.
Key risks
- Sales declining: Q3 net sales fell 8.4% YoY to $4.44B; nine-month sales down 7.5% to $13.82B, signaling demand weakness.
- Earnings quality: 9-month net earnings boosted by $1.05B yogurt divestiture gain; underlying Q3 EPS dropped 50% to $0.56 vs $1.12.
- Leverage: $13.1B long-term debt plus $2.14B current portion against just $9.36B equity; $1.28B debt repaid while $500M spent on buybacks.
Profitability
Operating margin
17.0%
1.9%Net margin
11.8%
6.3%Return on equity
24.9%
6.1%Return on assets
6.9%
12.5%Leverage
Debt / equity
2.59×
10.5%Long-term debt / equity
1.38×
14.5%Debt / assets
72.2%
2.9%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-02-22 | $4.44B | -8.4% | $303.1M | -51.6% | 6.8% |
Q4 2025 2025-11-23 | $4.86B | -7.2% | $413.0M | -48.1% | 8.5% |
Q3 2025 2025-08-24 | $4.52B | -6.8% | $1.20B | +107.7% | 26.7% |
Q2 2025 2025-05-25 | $4.56B | -3.3% | $294.0M | -47.3% | 6.5% |
Q1 2025 2025-02-23 | $4.84B | -5.0% | $625.6M | -6.6% | 12.9% |
Q4 2024 2024-11-24 | $5.24B | +2.0% | $795.7M | +33.6% | 15.2% |
Q3 2024 2024-08-25 | $4.85B | -1.2% | $579.9M | -13.9% | 12.0% |
Q2 2024 2024-05-26 | $4.71B | — | $557.5M | — | 11.8% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Grain Mill Products · SIC 2040
Your notes
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Insider activity
Insider buying
$0
Insider selling
$1.2M
Net activity
−$1.2M
Distinct insiders
3
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns GIS
Institutional value
$6.49B
Total shares held
183.2M
Distinct holders
786
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 34.7M | $1.29B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 27.9M | $1.04B | — | New |
| 3 | Invesco Ltd. | 10.2M | $381.3M | — | New |
| 4 | UBS Group AG | 9.6M | $355.9M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 6.7M | $248.3M | — | New |
| 6 | DIAMOND HILL CAPITAL MANAGEMENT INC | 4.8M | $178.4M | — | New |
| 7 | Legal & General Group Plc | 3.7M | $138.1M | — | New |
| 8 | Bank of New York Mellon Corp | 3.6M | $135.0M | — | New |
| 9 | DEUTSCHE BANK AG\ | 3.1M | $117.2M | — | New |
| 10 | VANGUARD FIDUCIARY TRUST CO | 3.0M | $111.7M | — | New |
| 11 | HighTower Advisors, LLC | 2.9M | $109.3M | — | New |
| 12 | WELLS FARGO & COMPANY/MN | 2.4M | $88.2M | — | New |
| 13 | Swedbank AB | 1.6M | $61.1M | — | New |
| 14 | Robeco Institutional Asset Management B.V. | 1.6M | $60.9M | — | New |
| 15 | INTEGRITY ALLIANCE, LLC. | 1.6M | $60.5M | — | New |
| 16 | Swiss National Bank | 1.6M | $58.3M | — | New |
| 17 | BNP PARIBAS FINANCIAL MARKETS | 1.6M | $58.1M | — | New |
| 18 | Nuveen, LLC | 1.5M | $56.7M | — | New |
| 19 | Compagnie Lombard Odier SCmA | 1.5M | $56.6M | — | New |
| 20 | Sumitomo Mitsui Trust Group, Inc. | 1.5M | $54.2M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Q3 net sales fell 8.4% to $4.44B and EPS dropped 50% to $0.56—how much is volume versus price/mix, and when does organic growth inflect?
- 2
Operating cash flow fell $692M YoY to $1.61B despite the divestiture gain—what's driving the working capital drag, particularly the $350M payables decline?
- 3
Excluding the $1.05B divestiture gain, nine-month operating profit dropped sharply—can you quantify underlying margin compression and the 2026 HMM savings offset?