General Mills (NYSE:GIS) Rating Increased to Hold at Wall Street Zen

General Mills (NYSE:GIS) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also issued research reports about the stock. Royal Bank Of Canada upgraded shares of General Mills from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from $67.00 to $63.00 in a research note on Thursday, June 26th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $45.00 target price (down from $53.00) on shares of General Mills in a research report on Wednesday, August 20th. Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 2nd. The Goldman Sachs Group cut General Mills from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $68.00 to $58.00 in a research report on Monday, June 9th. Finally, UBS Group reduced their price target on General Mills from $52.00 to $49.00 and set a “sell” rating for the company in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $59.13.

General Mills Stock Performance

Shares of GIS opened at $49.92 on Friday. The company’s 50 day moving average price is $49.97 and its 200 day moving average price is $54.21. General Mills has a 52 week low of $48.29 and a 52 week high of $75.66. The company has a market capitalization of $27.08 billion, a PE ratio of 12.18, a PEG ratio of 1.28 and a beta of -0.02. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.43 and a current ratio of 0.67.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. General Mills had a net margin of 11.78% and a return on equity of 24.88%. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Research analysts expect that General Mills will post 4.36 EPS for the current fiscal year.

Institutional Trading of General Mills

Several large investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its stake in General Mills by 45.8% during the 2nd quarter. Osaic Holdings Inc. now owns 242,600 shares of the company’s stock valued at $13,153,000 after purchasing an additional 76,226 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in General Mills by 50.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 51,514 shares of the company’s stock valued at $2,669,000 after purchasing an additional 17,173 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in General Mills by 1.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 41,293 shares of the company’s stock valued at $2,127,000 after purchasing an additional 739 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new position in General Mills during the 2nd quarter valued at $1,422,000. Finally, Stance Capital LLC acquired a new position in General Mills during the 2nd quarter valued at $1,653,000. 75.71% of the stock is owned by institutional investors.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.