General Mills (NYSE:GIS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

General Mills (NYSE:GIS) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $31.00 to $35.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential downside of 6.08% from the stock’s previous close.

Several other equities research analysts have also recently commented on GIS. Jefferies Financial Group boosted their target price on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of General Mills from $32.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday. BTIG Research started coverage on shares of General Mills in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Piper Sandler cut their price target on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Finally, Mizuho decreased their price objective on General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $39.00.

General Mills Stock Down 1.3%

Shares of General Mills stock traded down $0.50 on Thursday, hitting $37.27. The company had a trading volume of 4,425,905 shares, compared to its average volume of 9,467,642. General Mills has a twelve month low of $31.75 and a twelve month high of $54.01. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.56 and a quick ratio of 0.36. The stock has a 50-day moving average of $34.18 and a 200-day moving average of $39.88. The firm has a market capitalization of $19.89 billion, a P/E ratio of 9.11 and a beta of -0.03.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, July 1st. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.59 billion. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Research analysts predict that General Mills will post 3.42 earnings per share for the current year.

Insider Buying and Selling

In other General Mills news, insider Ricardo Fernandez sold 7,995 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total value of $275,827.50. Following the sale, the insider owned 62,283 shares in the company, valued at $2,148,763.50. This represents a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jacqueline Williams-Roll sold 10,000 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.27, for a total value of $342,700.00. Following the transaction, the insider owned 86,002 shares of the company’s stock, valued at $2,947,288.54. This represents a 10.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On General Mills

Several large investors have recently modified their holdings of GIS. Norges Bank bought a new stake in shares of General Mills during the fourth quarter worth approximately $361,552,000. Wellington Management Group LLP grew its holdings in General Mills by 2,970.1% in the 4th quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after buying an additional 7,223,487 shares in the last quarter. AQR Capital Management LLC increased its position in General Mills by 366.1% during the 4th quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock worth $237,954,000 after buying an additional 4,019,319 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in shares of General Mills during the second quarter worth $84,862,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of General Mills by 61.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock valued at $192,589,000 after acquiring an additional 1,573,444 shares during the period. 75.71% of the stock is owned by institutional investors.

General Mills News Summary

Here are the key news stories impacting General Mills this week:

• Positive Sentiment: General Mills beat quarterly earnings and revenue expectations, signaling resilient demand for staples and improved profitability. Reuters article
• Positive Sentiment: The company announced a major $3 billion cost-savings target, which should help protect margins and support future earnings. Yahoo Finance article
• Positive Sentiment: General Mills is leaning into product innovation, including Reese’s Puffs tie-ups and higher-protein Cheerios, to win back value-conscious shoppers. Yahoo Finance article
• Positive Sentiment: Analysts raised price targets after the upbeat quarter, reflecting improved sentiment around the turnaround story. Benzinga article
• Neutral Sentiment: Deutsche Bank raised its price target to $33 and kept a hold rating, but that target is still below the current share price. Benzinga article
• Neutral Sentiment: Bank of America lifted its target to $39 with a neutral rating, suggesting some upside but not a strong bullish call. Benzinga article
• Negative Sentiment: Management’s FY2027 EPS guidance of $3.00-$3.20 was below the consensus estimate, which may temper enthusiasm after the earnings beat. Reuters article

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.