General Mills (GIS)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $17.3B, General Mills's free cash flow of $1.6B (fiscal 2026) would need to grow about -3% a year for the stock to be worth today's price. That is close to what the company has delivered over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from General Mills's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from GIS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from General Mills's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $19.0B | $20.1B | $19.9B | $19.5B | $18.4B |
| Net income | $2.7B | $2.6B | $2.5B | $2.3B | -$88M |
| Free cash flow | $2.7B | $2.1B | $2.5B | $2.3B | $1.6B |
| EPS (diluted) | $4.42 | $4.31 | $4.31 | $4.10 | -$0.16 |
| Operating margin | 18.3% | 17.1% | 17.3% | 17.0% | 4.8% |
Where the revenue comes from
Revenue by products, fiscal 2026.
Superinvestors who own GIS
From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $522M | 0.18% | Q2 2026 |
| Ric Dillon Diamond Hill Capital Management |
Trimmed | $126M | 1.0% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $79M | 0.18% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $12M | 0.11% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $753,768 | 0.01% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Held | $389,760 | 0.0% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Held | $320,160 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by General Mills's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 29, 2026 | Ro Khanna |
0 | $44.41 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $44.41 | — |
| Jan 6, 2026 | Ro Khanna |
0 | $43.85 | — |
| Jan 6, 2026 | Ro Khanna |
0 | $43.85 | — |
| Dec 19, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $47.85 | — |
| Dec 19, 2025 | Gilbert Ray Cisneros, Jr. |
0 | $47.85 | — |
| Nov 10, 2025 | Ro Khanna |
0 | $46.23 | — |
| Nov 10, 2025 | Ro Khanna |
0 | $46.23 | — |
| Oct 7, 2025 | Ro Khanna |
0 | $50.92 | — |
| Oct 7, 2025 | Ro Khanna |
0 | $50.92 | — |
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In the full deep dive
Questions
What growth does General Mills's stock price imply?
At a market value of $17.3B, General Mills would need its free cash flow to grow about -3% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew -1% a year.
Are General Mills insiders buying the stock?
10 open-market insider purchases of GIS in the last 12 months, from SEC Form 4 filings.
Which superinvestors own General Mills?
7 of the superinvestors Investingly tracks hold GIS in their latest 13F, including Cliff Asness, Ric Dillon, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.