General Mills (NYSE:GIS – Free Report) had its price objective cut by The Goldman Sachs Group from $47.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.
GIS has been the subject of a number of other reports. Weiss Ratings lowered shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, January 13th. Mizuho set a $47.00 price target on General Mills in a research note on Monday, February 23rd. Zacks Research lowered General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Barclays reduced their price objective on General Mills from $46.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Jefferies Financial Group lowered their target price on General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $44.61.
General Mills Stock Performance
General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. As a group, analysts anticipate that General Mills will post 4.36 EPS for the current year.
General Mills Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Friday, April 10th. General Mills’s dividend payout ratio is 59.66%.
Hedge Funds Weigh In On General Mills
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in General Mills during the third quarter valued at about $25,000. Reflection Asset Management bought a new position in shares of General Mills in the fourth quarter worth about $25,000. Close Asset Management Ltd bought a new position in shares of General Mills in the third quarter worth about $28,000. Nalls Sherbakoff Group LLC purchased a new position in shares of General Mills during the 4th quarter valued at about $26,000. Finally, Davis Capital Management purchased a new position in shares of General Mills during the 3rd quarter valued at about $29,000. 75.71% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
Receive News & Ratings for General Mills Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Mills and related companies with MarketBeat.com's FREE daily email newsletter.
