General Mills (NYSE:GIS) Price Target Lowered to $45.00 at Piper Sandler

General Mills (NYSE:GIS) had its price target decreased by Piper Sandler from $53.00 to $45.00 in a report published on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. Evercore set a $45.00 price objective on shares of General Mills in a research report on Wednesday, February 18th. Bank of America lowered General Mills from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Monday, February 23rd. Stifel Nicolaus cut their target price on General Mills from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group reduced their price target on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a report on Thursday. Finally, TD Cowen decreased their price target on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $44.61.

General Mills Trading Down 0.3%

GIS stock opened at $37.48 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. General Mills has a twelve month low of $37.13 and a twelve month high of $62.61. The stock has a market capitalization of $20.00 billion, a price-to-earnings ratio of 9.16 and a beta of -0.05. The firm’s fifty day simple moving average is $44.53 and its two-hundred 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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter last year, the business posted $1.12 EPS. General Mills’s revenue was down 8.4% compared to the same quarter last year. As a group, analysts anticipate that General Mills will post 4.36 earnings per share for the current year.

General Mills Announces Dividend

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

Hedge Funds Weigh In On General Mills

Institutional investors have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC purchased a new position in General Mills during the 3rd quarter worth $25,000. Reflection Asset Management bought a new stake in General Mills during the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of General Mills in the 4th quarter worth $26,000. Bruce G. Allen Investments LLC grew its position in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after buying an additional 337 shares in the last quarter. Finally, Close Asset Management Ltd bought a new position in shares of General Mills during the 3rd quarter worth $28,000. 75.71% of the stock is owned by hedge funds and other institutional investors.

Key General Mills News

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.