General Mills (NYSE:GIS) Price Target Cut to $39.00 by Analysts at Mizuho

General Mills (NYSE:GIS) had its target price decreased by Mizuho from $47.00 to $39.00 in a research report report published on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on the company. The Goldman Sachs Group decreased their price objective on General Mills from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Research cut shares of General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Barclays lowered their price target on shares of General Mills from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday. Stifel Nicolaus reduced their price objective on shares of General Mills from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Piper Sandler reduced their price target on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Mills presently has a consensus rating of “Reduce” and an average target price of $44.61.

General Mills Trading Down 0.3%

GIS opened at $37.48 on Thursday. The stock has a market capitalization of $20.00 billion, a P/E ratio of 9.16 and a beta of -0.05. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.17. General Mills has a 12 month low of $37.13 and a 12 month high of $62.61. The firm’s fifty day simple moving average is $44.53 and its 200 day simple moving average is $46.73.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the company posted $1.12 EPS. General Mills’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts anticipate that General Mills will post 4.36 EPS for the current fiscal year.

General Mills Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.61 dividend. The ex-dividend date is Friday, April 10th. This represents a $2.44 dividend on an annualized basis and a yield of 6.5%. General Mills’s dividend payout ratio is 59.66%.

Institutional Investors Weigh In On General Mills

Institutional investors have recently made changes to their positions in the company. Austin Private Wealth LLC lifted its holdings in General Mills by 5.0% during the 3rd quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock worth $224,000 after purchasing an additional 211 shares during the last quarter. Retirement Planning Co of New England Inc. raised its stake in General Mills by 4.2% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock worth $273,000 after purchasing an additional 219 shares in the last quarter. Smith Moore & CO. raised its stake in General Mills by 2.6% in the 3rd quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock worth $443,000 after purchasing an additional 225 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in General Mills by 1.9% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock valued at $565,000 after purchasing an additional 225 shares during the period. Finally, Allegheny Financial Group grew its position in shares of General Mills by 4.8% during the 4th quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after purchasing an additional 226 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Key Stories Impacting General Mills

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: Analysts still see upside from some pockets of the Street — Royal Bank of Canada maintains an outperform stance with a $55 target (largest upside among recent notes), and Piper Sandler and Stifel kept overweight/buy views with $45 and $44 targets respectively, indicating pockets of conviction in a recovery. Analyst Price Target Changes
• Positive Sentiment: Product progress: management said new product moves toward higher‑protein and higher‑fiber offerings (e.g., Cheerios Protein) are gaining traction and could help top‑line recovery if the trends continue. General Mills Bets on Protein and Fiber
• Neutral Sentiment: Company stance: General Mills reaffirmed its full‑year guidance after the quarter, signaling management expects the turnaround plan to work over time, though near‑term headwinds persist. Reuters: Reaffirms Forecast
• Neutral Sentiment: Strategic moves: analysts note portfolio reshaping (including a Brazil unit sale) aimed at margin improvement — constructive for long‑term focus but not an immediate fix for weak volumes. Zacks: Portfolio Reshaping
• Negative Sentiment: Earnings miss and soft sales: Q3 EPS came in at $0.64, below consensus, and revenue fell ~8% year‑over‑year — the core reason investors sold into the print. Zacks: Q3 Earnings Miss
• Negative Sentiment: Analyst downgrades and PT cuts accelerated selling pressure — notable reductions include JPMorgan to an underweight/$36 target and UBS to a sell/$35 target; several other firms trimmed targets and ratings after the quarter, amplifying downside momentum. Benzinga: Analyst Cuts Summary
• Negative Sentiment: Market tone and commentary: media and TV commentators highlighted that management’s quarter and messaging “wasn’t convincing,” adding to negative sentiment around the turnaround timeline. Jim Cramer Commentary

About General Mills

General Mills, Inc (NYSE: GIS) is a multinational consumer foods company that develops, manufactures and markets a broad portfolio of branded food products. Its product categories include ready-to-eat and hot cereals, baking mixes and ingredients, snacks and bars, refrigerated and frozen doughs, yogurt and other dairy products, and a variety of shelf-stable meals and meal components. The company’s portfolio features widely recognized consumer brands across grocery store, mass channel and foodservice outlets.

Founded in the early 20th century and incorporated under its current name in 1928, General Mills has grown through both internal brand development and strategic expansion to become a global food company.