---
title: General Mills (GIS) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/gis
ticker: GIS
as_of: 2026-10-17
sector: Consumer Defensive
industry: Packaged Foods
---
# General Mills (GIS)

General Mills (GIS) closed at $33.13 on Oct 16, 2026, overvalued by 42% vs its model value of $23.38 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $33.13 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $23.38 |
| Price vs model | overvalued by 42% vs model |
| Range of that model | $23.38 – $58.54 |
| Market value | $17.7B |
| P/E (fiscal 2026) | — |
| Net margin (fiscal 2026) | -0.5% |
| Free cash flow (fiscal 2026) | $1.6B |
| Dividend yield (trailing twelve months) | 7.36% |
| Beta | -0.05 |
| Cost of capital (WACC) | 5.00% |
| Business classification | Dividend Payer (Revenue declining (~-4% recent), Currently unprofitable, Strong dividend yield, Highly cyclical earnings, Strong FCF yield (9.2%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #2 | 7.36% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Highest free cash flow yield | #43 | 9.2% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |
| Near 52-week lows | #26 | +4.6% | https://sweetvaluelab.com/lists/near-52-week-lows |
| Worst performing this year | #42 | −28.8% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 7.36% |
| Dividends per share, last 12 months | $2.44 |
| Dividends / free cash flow (fiscal 2026) | 80.9% |
| Raised | 6 years in a row |
| Growth over 5 years | 3.6% a year |
| Latest payment | $0.61, ex-date Oct 13, 2026, paid Nov 2, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Oct 7, 2021 | $2.04 |
| To Oct 6, 2022 | $2.10 |
| To Oct 6, 2023 | $2.26 |
| To Oct 10, 2024 | $2.38 |
| To Oct 10, 2025 | $2.42 |
| Trailing twelve months (to Oct 13, 2026) | $2.44 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $23.38 | $0.00 | $58.54 |
| DCF · Perpetuity growth · 10y | cross check | $21.84 | $0.00 | $59.10 |
| DCF · EBITDA exit · 5y | cross check | $8.30 | $0.49 | $20.98 |
| DCF · EBITDA exit · 10y | cross check | $9.13 | $1.21 | $24.12 |
| EV/EBITDA · peers | cross check | $9.29 | $9.01 | $11.20 |
| EV/Revenue · peers | cross check | $8.99 | $3.25 | $13.86 |
| Earnings power value | cross check | $48.43 | $31.64 | $79.61 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($197,191.6); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Sharma Pankaj MN | Segment President | Open-market sell | 6,294 | $197,191.6 |
| Sep 29, 2026 | SPRUNK ERIC D | Director | Grant / award | 5,323 | $0 |
| Sep 29, 2026 | Bottarini Joan | Director | Grant / award | 5,323 | $0 |
| Sep 29, 2026 | MORIKIS JOHN G | Director | Grant / award | 5,323 | $0 |
| Sep 29, 2026 | Uribe Jorge A. | Director | Tax withholding | 560 | $18,939.2 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 2, 2026 | 8-K | 5.03 Amendment to Articles/Bylaws; 5.07 Submission of Matters to a Shareholder Vote; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/40704/000162828026064413/gis-20260929.htm |
| Sep 30, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/40704/000162828026063892/gis-20260929.htm |
| Sep 23, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/40704/000162828026063201/gis-20260830.htm |
| Sep 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/40704/000162828026063141/gis-20260923.htm |
| Aug 13, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/40704/000162828026056626/gis2026-ars.pdf |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 93,154 | $3.2M |
| Mairs & Power | 2026-06-30 | 70,157 | $2.4M |
| Jensen | 2026-06-30 | 12,546 | $436,601 |
| Dodge & Cox | 2026-06-30 | 11,200 | $389,760 |

4 tracked managers in all.

## About

General Mills, Inc. functions as a prominent global producer and vendor of well-known consumer food brands. The company structures its widespread operations into five main divisions: North American retail, convenience stores and foodservice providers, Europe and Australia, Asia and Latin America, and a dedicated pet segment. Their broad catalog of products features a diverse range of items for consumers. This includes breakfast cereals, chilled yogurts, various soups, and ready-to-prepare meal kits. The offering also extends to refrigerated and frozen dough items, baking and dessert mixes, flours for culinary use, frozen pizzas and pizza snacks, along with an assortment of snack bars, fruit snacks, savory and grain snacks, and ice cream. For health-conscious consumers, they provide nutrition bars and wellness beverages, in addition to organic frozen and shelf-stable vegetables. Beyond di…

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Source: https://sweetvaluelab.com/stocks/gis (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.