General Mills (NYSE:GIS) Price Target Cut to $36.00 by Analysts at JPMorgan Chase & Co.

General Mills (NYSE:GIS) had its price objective decreased by JPMorgan Chase & Co. from $42.00 to $36.00 in a report issued on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Several other 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. The Goldman Sachs Group lowered their price objective on shares of General Mills from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday. Mizuho cut their price objective on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $51.00 target price on shares of General Mills in a report on Thursday, December 18th. Finally, Evercore set a $45.00 target price on shares of General Mills in a research report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, General Mills has an average rating of “Reduce” and a consensus price target of $44.61.

General Mills Trading Down 0.3%

Shares of GIS stock opened at $37.48 on Thursday. The business has a 50-day moving average price of $44.53 and a two-hundred day moving average price of $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 firm 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 data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. General Mills’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. Equities analysts anticipate that General Mills will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

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 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 is 59.66%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Austin Private Wealth LLC boosted its position in General Mills by 5.0% during the 3rd quarter. Austin Private Wealth LLC now owns 4,442 shares of the company’s stock valued at $224,000 after buying an additional 211 shares during the period. Retirement Planning Co of New England Inc. increased its position in shares of General Mills by 4.2% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,416 shares of the company’s stock valued at $273,000 after acquiring an additional 219 shares during the period. Smith Moore & CO. raised its stake in shares of General Mills by 2.6% during the third quarter. Smith Moore & CO. now owns 8,785 shares of the company’s stock valued at $443,000 after acquiring an additional 225 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of General Mills by 1.9% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,153 shares of the company’s stock worth $565,000 after purchasing an additional 225 shares during the period. Finally, Allegheny Financial Group boosted its holdings in shares of General Mills by 4.8% during the fourth quarter. Allegheny Financial Group now owns 4,904 shares of the company’s stock worth $228,000 after purchasing an additional 226 shares during the period. 75.71% of the stock is owned by hedge funds and other institutional investors.

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.