General Mills (NYSE:GIS) Price Target Cut to $55.00 by Analysts at Royal Bank Of Canada

General Mills (NYSE:GIS) had its price target trimmed by Royal Bank Of Canada from $60.00 to $55.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

GIS has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $51.00 price objective on shares of General Mills in a report on Thursday, December 18th. Morgan Stanley dropped their price target on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company downgraded General Mills from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $45.00 to $35.00 in a research note on Thursday, March 12th. UBS Group reissued a “sell” rating and set a $40.00 price objective on shares of General Mills in a report on Wednesday, March 11th. Finally, Piper Sandler lowered their price objective on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $44.61.

General Mills Price Performance

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

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

General Mills Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors grew its stake in General Mills by 91.6% in the 4th quarter. World Investment Advisors now owns 17,267 shares of the company’s stock valued at $803,000 after purchasing an additional 8,257 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills during the 4th quarter worth $26,000. Corient Private Wealth LLC raised its stake in shares of General Mills by 3.0% during the 4th quarter. Corient Private Wealth LLC now owns 190,783 shares of the company’s stock worth $8,882,000 after purchasing an additional 5,593 shares during the period. Union Savings Bank purchased a new position in shares of General Mills in the 4th quarter worth about $99,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of General Mills by 9.4% in the 4th quarter. Hsbc Holdings PLC now owns 1,269,781 shares of the company’s stock worth $59,040,000 after buying an additional 109,063 shares during the last quarter. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills News Roundup

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.