General Mills (NYSE:GIS) Rating Lowered to Underweight at Wells Fargo & Company

General Mills (NYSE:GIS) was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating in a note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $33.00 price objective on the stock, down from their prior price objective of $35.00. Wells Fargo & Company‘s price objective points to a potential downside of 10.05% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Zacks Research lowered General Mills from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. UBS Group reduced their target price on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a research note on Thursday, March 19th. Royal Bank Of Canada reduced their target price on General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday, March 19th. Morgan Stanley reduced their target price on General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Barclays reduced their price target on General Mills from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $43.44.

General Mills Price Performance

GIS stock opened at $36.69 on Wednesday. General Mills has a 1 year low of $35.63 and a 1 year high of $59.21. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56. The stock’s 50 day moving average price is $42.25 and its 200 day moving average price is $45.39. The firm has a market cap of $19.58 billion, a P/E ratio of 8.97 and a beta of 0.01.

General Mills (NYSE:GIS) last posted 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 net margin of 12.05% and a return on equity of 19.19%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same period in the previous year, the company posted $1.12 EPS. General Mills’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts expect that General Mills will post 4.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. State Street Corp lifted its stake in shares of General Mills by 0.4% during the 3rd quarter. State Street Corp now owns 33,717,972 shares of the company’s stock worth $1,700,060,000 after purchasing an additional 145,701 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of General Mills by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock worth $915,953,000 after purchasing an additional 488,617 shares during the period. Geode Capital Management LLC raised its position in shares of General Mills by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after buying an additional 172,200 shares during the period. Nordea Investment Management AB raised its position in shares of General Mills by 15.9% in the 3rd quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after buying an additional 1,368,041 shares during the period. Finally, Morgan Stanley raised its position in shares of General Mills by 2.1% in the 4th quarter. Morgan Stanley now owns 9,837,490 shares of the company’s stock worth $457,443,000 after buying an additional 200,043 shares during the period. 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: Inclusion on a list of “15 Blue Chip Stocks with Highest Dividends” highlights GIS’s income appeal for yield-seeking investors, which can provide a valuation floor and attract long-term buyers. Article Title
• Negative Sentiment: Coverage and market commentary note GIS is down ~21% YTD as weak demand, margin compression and rising input costs weighed on results and cloud the near-term recovery outlook — a key reason investors remain cautious. Article Title
• Negative Sentiment: The company updated FY‑2026 EPS guidance to a range of $3.370–$3.540, which sits slightly below the Street consensus (~$3.51). The lower tilt to guidance increases near-term earnings risk and is likely weighing on sentiment.
• Negative Sentiment: Wells Fargo cut its rating to Underweight and trimmed its price target to $33 (from $35), signalling analyst skepticism and adding selling pressure from institutional desks. Article Title
• Negative Sentiment: Brokerage coverage consensus shows a “Reduce” tilt, reinforcing downward pressure from multiple sell-side voices and reducing conviction among growth investors. Article Title

General Mills Company Profile

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.