Wells Fargo & Company Cuts General Mills (NYSE:GIS) Price Target to $45.00

General Mills (NYSE:GIS) had its price objective reduced by Wells Fargo & Company from $49.00 to $45.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

GIS has been the subject of a number of other reports. Weiss Ratings downgraded shares of General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Sanford C. Bernstein cut their price target on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday. Evercore reaffirmed a “positive” rating on shares of General Mills in a report on Thursday, December 18th. Barclays lowered their price objective on General Mills from $52.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Royal Bank Of Canada set a $63.00 target price on General Mills and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.37.

General Mills Stock Down 0.4%

General Mills stock opened at $44.63 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. General Mills has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. The firm has a fifty day moving average price of $46.08 and a two-hundred day moving average price of $47.68. The firm has a market cap of $23.82 billion, a price-to-earnings ratio of 9.60 and a beta of -0.06.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a return on equity of 21.41% and a net margin of 13.51%.The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the business earned $1.40 earnings per share. General Mills’s revenue for the quarter was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, analysts forecast that General Mills will post 4.36 earnings per share for the current year.

General Mills Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, April 10th. General Mills’s dividend payout ratio (DPR) is 52.47%.

Insider Activity

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GIS. Norges Bank bought a new stake in shares of General Mills during the second quarter worth approximately $417,508,000. Wellington Management Group LLP grew its holdings in General Mills by 2,970.1% during the 4th quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock worth $347,201,000 after acquiring an additional 7,223,487 shares during the period. AQR Capital Management LLC raised its position in shares of General Mills by 366.1% during the 4th quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after acquiring an additional 4,019,319 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of General Mills in the 2nd quarter valued at $84,862,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of General Mills by 61.3% in 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. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about General Mills

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

• Positive Sentiment: BofA remains bullish on General Mills, arguing underlying brand strength and margins justify confidence despite a tougher backdrop. BofA remains bullish on General Mills (GIS) – here’s why
• Positive Sentiment: Investment articles highlight General Mills as a high-yield dividend pick, which supports the stock’s defensive appeal for income investors. 2 No-Brainer Dividend Stocks to Buy Right Now
• Positive Sentiment: Coverage on product strategy notes General Mills is pushing protein-forward cereals to win health-conscious shoppers — a potential long-term revenue stabilizer if execution succeeds. Is General Mills (GIS) Using Protein Cereals to Reposition Its Core Brand Strategy?
• Neutral Sentiment: Several analyst-roundup pieces provide mixed takeaways and context on consumer food stocks (General Mills vs. peers), offering industry comparatives rather than firm-specific bullish/bearish calls. Analysts Offer Insights on Consumer Goods Companies: General Mills (GIS) and Kenvue, Inc. (KVUE)
• Neutral Sentiment: Another analyst roundup compares General Mills to Hormel Foods, useful for relative valuation/strategy context but not a clear directional catalyst. Analysts Offer Insights on Consumer Goods Companies: General Mills (GIS) and Hormel Foods (HRL)
• Neutral Sentiment: Post‑quarter “buy/sell/hold” coverage reexamines the stock after Q4 results — useful for horizon investors but not a near-term price catalyst. General Mills (GIS): Buy, sell, or hold post Q4 earnings?
• Negative Sentiment: Piper Sandler cut its price target on GIS to $53, reducing upside expectations and signaling more cautious views on near-term growth. Piper Sandler Lowers General Mills (NYSE:GIS) Price Target to $53.00
• Negative Sentiment: Wells Fargo lowered its price target to $45, another downward revision that likely increases selling pressure. Wells Fargo & Company Lowers General Mills (NYSE:GIS) Price Target to $45.00
• Negative Sentiment: News coverage highlights General Mills cutting guidance and warning of a “challenging backdrop,” which directly pressures valuation and investor sentiment. General Mills Guidance Cut Tests Valuation Appeal And Consumer Resilience
• Negative Sentiment: Additional pieces argue the company’s growth prospects are impaired and that historically low valuations may no longer be a buy signal, reinforcing bearish views. General Mills wipes out prospects for growth amid “challenging backdrop” General Mills: Why Historically Low Valuations Are No Longer A ‘Buy’ Signal
• Negative Sentiment: WSJ coverage underscores that a cut in outlook “slammed” the stock, summarizing market reaction to the weaker guidance and execution concerns. General Mills Wants to Win Health-Conscious Shoppers; Cut in Outlook Slams Stock

General Mills Company Profile

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.