General Mills (NYSE:GIS) Given New $37.00 Price Target at TD Cowen

General Mills (NYSE:GIS) had its target price lowered by TD Cowen from $45.00 to $37.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler reduced their target price on General Mills from $60.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Mizuho set a $47.00 price target on General Mills in a report on Monday, February 23rd. Wells Fargo & Company downgraded General Mills from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $45.00 to $35.00 in a research report on Thursday, March 12th. Royal Bank Of Canada reduced their price objective on General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Bank of America downgraded General Mills from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Monday, February 23rd. Four research 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’s stock. According to MarketBeat.com, General Mills presently has an average rating of “Reduce” and a consensus target price of $44.61.

General Mills Price Performance

Shares of NYSE:GIS opened at $37.48 on Thursday. The firm has a 50 day moving average of $44.53 and a 200-day moving average 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 current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $20.00 billion, a PE ratio of 9.16 and a beta of -0.05.

General Mills (NYSE:GIS) last posted its quarterly 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). The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 EPS. On average, equities research analysts predict that General Mills will post 4.36 EPS for the current fiscal year.

General Mills Dividend Announcement

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

Institutional Investors Weigh In On General Mills

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in General Mills by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock worth $3,592,828,000 after acquiring an additional 581,045 shares during the last quarter. State Street Corp raised its position in General Mills by 0.4% in the third quarter. State Street Corp now owns 33,717,972 shares of the company’s stock valued at $1,700,060,000 after purchasing an additional 145,701 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of General Mills by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,697,919 shares of the company’s stock valued at $915,953,000 after purchasing an additional 488,617 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of General Mills by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock valued at $704,170,000 after purchasing an additional 172,200 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of General Mills by 15.9% during the third quarter. Nordea Investment Management AB now owns 9,956,665 shares of the company’s stock worth $494,548,000 after purchasing an additional 1,368,041 shares during the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

More 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.