General Mills (NYSE:GIS) Price Target Raised to $33.00 at Deutsche Bank Aktiengesellschaft

General Mills (NYSE:GIS) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $32.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 11.30% from the stock’s previous close.

Several other analysts also recently commented on GIS. Sanford C. Bernstein downgraded General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price objective for the company. in a research note on Wednesday, June 3rd. Jefferies Financial Group lifted 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. JPMorgan Chase & Co. cut their price target on General Mills from $36.00 to $31.00 and set an “underweight” rating for the company in a research note on Wednesday, June 3rd. Wells Fargo & Company lifted their price objective on shares of General Mills from $30.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Piper Sandler dropped their price objective on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, General Mills has a consensus rating of “Reduce” and an average price target of $38.83.

General Mills Stock Down 1.5%

GIS stock traded down $0.56 during trading on Thursday, hitting $37.21. 2,099,466 shares of the company’s stock were exchanged, compared to its average volume of 9,442,827. The business has a 50-day moving average price of $34.18 and a two-hundred day moving average price of $39.88. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 9.11 and a beta of -0.03. General Mills has a 52-week low of $31.75 and a 52-week high of $54.01.

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

Insider Activity

In other news, insider Ricardo Fernandez sold 7,995 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 62,283 shares of the company’s stock, valued at $2,148,763.50. The trade was a 11.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jacqueline Williams-Roll sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the transaction, the insider directly owned 86,002 shares of the company’s stock, valued at $2,947,288.54. The trade was a 10.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On General Mills

Several institutional investors and hedge funds have recently modified their holdings of GIS. Vermillion & White Wealth Management Group LLC acquired a new position in General Mills in the third quarter valued at $25,000. Reflection Asset Management acquired a new stake in General Mills in the 4th quarter worth about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in General Mills in the 4th quarter worth about $26,000. Brown Shipley& Co Ltd purchased a new stake in General Mills in the 1st quarter valued at about $26,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after acquiring an additional 337 shares during the last quarter. Hedge funds and other institutional investors 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: General Mills beat Wall Street expectations with adjusted EPS of $0.95 versus $0.80 expected and revenue of $4.61 billion versus $4.59 billion expected, which boosted investor confidence in the company’s earnings momentum.
• Positive Sentiment: The company said it will target $3 billion in cost savings, helping fund growth initiatives and protect margins as inflation pressures and cautious consumers weigh on the packaged-food sector.
• Positive Sentiment: General Mills maintained its quarterly dividend, reinforcing its appeal as an income stock; several articles highlighted the roughly 6.5% yield as a support for the share price.
• Positive Sentiment: Analysts responded favorably after the results, with Bank of America raising its price target to $39 from $36 while keeping a neutral rating, and other firms noting potential upside from savings and brand investment. Article Title
• Neutral Sentiment: Management framed fiscal 2026 as a “reset,” shifting more toward innovation and product development to win back value-conscious shoppers, including protein-focused cereal and pet-food growth areas.
• Negative Sentiment: Despite the earnings beat, General Mills gave fiscal 2027 EPS guidance of $3.00 to $3.20, which came in below the consensus estimate of about $3.13 at the midpoint, tempering enthusiasm around the outlook.

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.