General Mills stock holds near $40 after earnings beat
Published on 08/21/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
General Mills stock holds near $40 after the company reported fiscal 2026 net sales of $18.0 billion and quarterly EPS of $0.95 for the period ended July 1, 2026. The shares opened at $39.70 on August 21, 2026, while the company carried a market cap of $21.22 billion.
Quarterly numbers still matter
The latest quarter delivered revenue of $4.61 billion, up 1.2% from the same quarter a year earlier, and EPS of $0.95 versus $0.53 a year earlier. That is a clean comparison for investors: the top line edged higher while profit per share rose by $0.42.
General Mills also set FY 2027 guidance for EPS at 3.00 to 3.20, and analysts in the same-day market data were looking for 3.07 EPS for the current year. The consensus target price stood at $39.16, while the consensus rating was Reduce.
What the market is pricing
The stock opened at $39.70 on August 21, 2026, which leaves it close to the consensus target and slightly above the average estimate. The market cap of $21.22 billion and the 6.22% dividend yield cited in same-day market coverage keep income and valuation in the frame.
For General Mills, the key question is whether the July quarter's 1.2% revenue growth can support the FY 2027 EPS guide of 3.00 to 3.20. The current setup points to a business that is still growing, but not fast enough to shift the valuation debate by itself.
Product shelf
Reese's Puffs remains one of the company's better-known U.S. cereal brands, and it fits the current push toward branded convenience items that can carry pricing power in a slow-growth category.
Stock level
General Mills shares were last quoted at $39.70 on August 21, 2026.
Company details
Company: General Mills, Inc.
ISIN: US3703391032
Ticker: GIS
Exchange: NYSE
Price (as of August 21, 2026): $39.70 USD
Market cap: $21.22 billion
Sector / Industry: Consumer Staples / Packaged Foods
Index membership: S&P 500
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