General Mills (NYSE:GIS) Price Target Cut to $35.00 by Analysts at UBS Group

General Mills (NYSE:GIS) had its price objective cut by UBS Group from $40.00 to $35.00 in a research report released on Thursday,Benzinga reports. They currently have a sell rating on the stock.

Several other research firms have also recently commented on GIS. Piper Sandler cut their price objective on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Sanford C. Bernstein dropped their price target on General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. Bank of America lowered General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a report on Monday, February 23rd. 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, Stifel Nicolaus decreased their price objective on General Mills from $50.00 to $44.00 and set a “buy” rating for the company in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $44.61.

General Mills Stock Performance

Shares of GIS stock opened at $37.48 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.39 and a current ratio of 0.56. General Mills has a 52 week low of $37.13 and a 52 week high of $62.61. The company’s 50 day moving average price is $44.53 and its two-hundred day moving average price is $46.73. The company has a market capitalization of $20.00 billion, a P/E ratio of 9.16 and a beta of -0.05.

General Mills (NYSE:GIS) last released its quarterly earnings results 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). 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 analyst estimates of $4.53 billion. During the same quarter last year, the company earned $1.12 EPS. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts expect 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. Shareholders of record on Friday, April 10th will be given a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.44 annualized dividend and a yield of 6.5%. General Mills’s payout ratio is 59.66%.

Hedge Funds Weigh In On General Mills

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of General Mills in the second quarter valued at about $417,508,000. Wellington Management Group LLP boosted its position in General Mills by 2,970.1% during the fourth quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after purchasing an additional 7,223,487 shares during the last quarter. AQR Capital Management LLC boosted its position in General Mills by 366.1% during the fourth quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after purchasing an additional 4,019,319 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new position in General Mills in the second quarter valued at approximately $84,862,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of General Mills by 61.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock worth $192,589,000 after purchasing an additional 1,573,444 shares during the last quarter. Institutional investors own 75.71% of the company’s stock.

General Mills News Summary

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.