General Mills (NYSE:GIS) Price Target Raised to $33.00

General Mills (NYSE:GIS) had its price objective upped by TD Cowen from $32.00 to $33.00 in a report released on Thursday, MarketBeat Ratings reports. TD Cowen currently has a hold rating on the stock.

GIS has been the topic of several other reports. UBS Group restated a “sell” rating on shares of General Mills in a research report on Wednesday, September 16th. Morgan Stanley cut their price target on General Mills from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Friday, June 5th. Bank of America reissued a “neutral” rating on shares of General Mills in a report on Thursday. Royal Bank Of Canada restated an “outperform” rating and issued a $45.00 price objective on shares of General Mills in a research report on Monday, September 21st. Finally, Zacks Research raised General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Four investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $36.59.

General Mills Price Performance

General Mills stock opened at $33.66 on Thursday. The stock has a market cap of $17.99 billion, a price-to-earnings ratio of -20.27, a PEG ratio of 1.82 and a beta of -0.01. The company has a quick ratio of 0.40, a current ratio of 0.70 and a debt-to-equity ratio of 1.66. The business has a 50-day simple moving average of $37.66 and a 200 day simple moving average of $36.31. General Mills has a 52 week low of $31.75 and a 52 week high of $51.26.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%.The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the firm posted $0.86 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. On average, research analysts forecast that General Mills will post 3.09 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.61 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.44 annualized dividend and a dividend yield of 7.3%. General Mills’s dividend payout ratio (DPR) is -146.99%.

Institutional Trading of General Mills

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of General Mills during the 2nd quarter valued at about $2,181,608,000. Geode Capital Management LLC raised its holdings in General Mills by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after purchasing an additional 172,200 shares in the last quarter. Norges Bank bought a new position in General Mills in the fourth quarter worth about $361,552,000. Goldman Sachs Group Inc. lifted its position in shares of General Mills by 18.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,926,607 shares of the company’s stock valued at $275,587,000 after buying an additional 935,679 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of General Mills by 0.3% in the 4th quarter. Capital World Investors now owns 5,602,094 shares of the company’s stock valued at $260,497,000 after buying an additional 16,984 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors.

General Mills News Summary

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

• Positive Sentiment: General Mills reported adjusted earnings of $0.75 per share and revenue of $4.39 billion, exceeding analyst expectations of $0.72 and $4.35 billion, respectively. Management reaffirmed its full-year guidance, while international operating profit increased 14%. General Mills Reaffirms Full-Year Guidance
• Positive Sentiment: The company is emphasizing product innovation—including higher-protein and clean-label offerings—following recent price cuts. Management also targets approximately $750 million in cost savings this fiscal year, which could support earnings if execution improves. General Mills Prioritizes Innovation
• Neutral Sentiment: Some analysts see potential for improved performance as North American retail trends stabilize. General Mills’ high dividend yield and reported institutional buying may also attract income-oriented investors, although these factors have not yet overcome operating concerns. General Mills Could See Improved Performance
• Negative Sentiment: Revenue declined 2.8% year over year, with weaker volumes and continued pressure on consumer demand. Input-cost inflation is expected to approach 6% by the fourth quarter, while pet food weakness and margin pressure remain headwinds. General Mills Q1 Earnings Call Highlights
• Negative Sentiment: The earnings beat was viewed as insufficient because organic sales continued to fall and management maintained a cautious full-year outlook. Bernstein lowered its price target to $30, and other analysts characterized the company as having “more work to be done.” These concerns help explain why General Mills stock has decreased despite exceeding quarterly estimates. General Mills Price Target Lowered

About General Mills

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company’s brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.