General Mills (NYSE:GIS) Price Target Cut to $53.00 by Analysts at Piper Sandler

General Mills (NYSE:GIS) had its price objective decreased by equities researchers at Piper Sandler from $60.00 to $53.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 17.96% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company lowered their target price on General Mills from $51.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, January 5th. Sanford C. Bernstein set a $54.00 price target on shares of General Mills and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Morgan Stanley set a $47.00 price target on shares of General Mills and gave the stock an “underweight” rating in a research report on Wednesday, December 17th. Barclays set a $46.00 price objective on shares of General Mills in a report on Wednesday. Finally, UBS Group set a $46.00 target price on shares of General Mills in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, General Mills has a consensus rating of “Hold” and an average price target of $52.56.

General Mills Stock Down 7.1%

General Mills stock opened at $44.93 on Wednesday. The company has a market capitalization of $23.97 billion, a PE ratio of 9.66 and a beta of -0.06. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. General Mills has a fifty-two week low of $42.78 and a fifty-two week high of $67.35. The firm has a 50 day moving average price of $46.15 and a 200 day moving average price of $47.74.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The firm’s revenue 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. Research analysts expect that General Mills will post 4.36 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On General Mills

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GIS. Norges Bank acquired a new stake in General Mills during the second quarter worth approximately $417,508,000. AQR Capital Management LLC raised its stake 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 acquiring an additional 4,019,319 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in General Mills during the 2nd quarter worth $84,862,000. Arrowstreet Capital Limited Partnership lifted its position in 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 last quarter. Finally, Two Sigma Investments LP boosted its stake in General Mills by 82.8% in the third quarter. Two Sigma Investments LP now owns 3,415,818 shares of the company’s stock valued at $172,226,000 after acquiring an additional 1,546,993 shares in the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting General Mills

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

• Positive Sentiment: Management presented progress on its “Accelerate” strategy at the CAGNY conference, emphasizing brand focus and plans to drive sustainable growth — a reminder of long‑term initiatives that could support recovery. Article Title
• Neutral Sentiment: CAGNY presentation materials and transcript are available for investors to assess execution detail and management commentary (useful for gauging whether strategy mitigates near‑term headwinds). Article Title
• Negative Sentiment: General Mills cut its FY‑2026 organic net sales outlook to a 1.5%–2% decline (previously down 1% to up 1%) and lowered EPS guidance to $3.37–$3.54 versus consensus ~3.66 — the direct catalyst for the stock drop. Article Title
• Negative Sentiment: Coverage across outlets highlights that weaker consumer sentiment is shifting shoppers to cheaper options and promotions, pressuring volume and margins. Article Title
• Negative Sentiment: Company flagged rising restructuring costs (reported as roughly $165M) and said market volatility will meaningfully weigh on net sales growth, adding near‑term expense pressure. Article Title
• Negative Sentiment: Unusually large put option buying (over 20k puts, ~226% above average) signals heavy short‑term bearish positioning and adds downward pressure on the share price. (internal trade data reported)
• Neutral Sentiment: Broker consensus remains around a “Hold” on average; investors should watch management’s detailed CAGNY commentary and upcoming cadence for signs guidance stabilization or margin relief. Article Title

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.