Wells Fargo & Company Has Lowered Expectations for General Mills (NYSE:GIS) Stock Price

General Mills (NYSE:GIS) had its price objective reduced by equities researchers at Wells Fargo & Company from $35.00 to $33.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 9.60% from the stock’s previous close.

GIS has been the topic of several other research reports. Barclays cut their target price on General Mills from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Mizuho cut their target price on General Mills from $47.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Zacks Research cut General Mills from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft cut their target price on General Mills from $38.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Piper Sandler dropped their price objective on General Mills from $53.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, General Mills presently has an average rating of “Reduce” and an average price target of $43.44.

General Mills Stock Down 0.8%

Shares of GIS traded down $0.30 on Wednesday, hitting $36.50. The company’s stock had a trading volume of 5,812,048 shares, compared to its average volume of 9,010,790. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The firm’s fifty day moving average price is $42.56 and its 200-day moving average price is $45.51. General Mills has a fifty-two week low of $35.63 and a fifty-two week high of $59.21. The firm has a market capitalization of $19.48 billion, a price-to-earnings ratio of 8.93 and a beta of 0.01.

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

Institutional Investors Weigh In On General Mills

Large investors have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC bought a new stake in General Mills in the 3rd quarter valued at $25,000. Reflection Asset Management bought a new stake in General Mills in the 4th quarter valued at $25,000. Nalls Sherbakoff Group LLC bought a new stake in General Mills in the 4th quarter valued at $26,000. Bruce G. Allen Investments LLC raised its stake in General Mills by 139.8% in 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 period. Finally, Close Asset Management Ltd bought a new stake in General Mills in the 3rd quarter valued at $28,000. Institutional investors own 75.71% of the company’s stock.

General Mills News Roundup

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

• Positive Sentiment: New product activity: General Mills rolled out two branded cereal extensions (Lucky Charms Unicorn Cotton Candy; Tropical Trix with Disney’s Moana), signaling continued marketing push and portfolio refreshes that could help revive cereal volume and consumer engagement. General Mills New Cereals Link Brand Storytelling And Depressed Valuation
• Positive Sentiment: Early signs of demand improvement: Coverage highlighting an organic‑sales decline also notes improving demand trends and strategic initiatives that could form the basis of a turnaround if the momentum continues. Watch upcoming sales cadence and margins for confirmation. General Mills Organic Sales Decline: Is a Rebound Taking Shape?
• Positive Sentiment: Value/defensive appeal noted by commentators: Some analysts and commentators still frame GIS as undervalued and a defensive portfolio ballast, which can attract income‑oriented buyers if earnings and cash flow stabilize. Not Only is This Stock Undervalued, but it Lowers Portfolio Risk in Most Cases
• Positive Sentiment: Category tailwinds: A market report cites long‑term growth in sauces, dressings and condiments — categories where General Mills competes — which could support revenue diversification and margin recovery over time. Global Sauces, Dressings, and Condiments Market Outlook 2025-2035
• Neutral Sentiment: Valuation context: Recent analysis highlights significant share‑price weakness (~15% over a month) that makes GIS appear cheaper on trailing earnings, but risks remain around volume recovery and margin pressure. Investors should weigh near‑term operational momentum. Assessing General Mills (GIS) Valuation After Recent Share Price Weakness
• Neutral Sentiment: Market/data feed: General Mills quote and market data are available for intraday reference (background/price reference). general mills inc. – GIS
• Negative Sentiment: Broker sentiment turned bearish: A consensus brokerage recommendation of “Reduce” has emerged, which likely increased selling pressure and hurt investor confidence in the near term. General Mills, Inc. (NYSE:GIS) Given Consensus Recommendation of “Reduce” by Brokerages
• Negative Sentiment: Analyst fair‑value trims: Street models and fair‑value targets have been nudged lower (roughly a 1–2% trimmed fair value in recent coverage), reflecting caution about near‑term growth and keeping downside risk elevated until sales and margins stabilize. How The General Mills (GIS) Investment Story Is Shifting As Analysts Trim Fair Value Targets

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.