Analysts Set General Mills, Inc. (NYSE:GIS) Price Target at $39.37

General Mills, Inc. (NYSE:GIS) has earned a consensus recommendation of “Reduce” from the twenty-two research firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.3684.

GIS has been the subject of several recent research reports. Wells Fargo & Company upped their price target on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. BNP Paribas Exane lifted their price objective on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Weiss Ratings raised shares of General Mills from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group lifted their price target on General Mills from $33.00 to $36.00 and gave the company a “hold” rating in a report on Wednesday, July 1st.

General Mills Trading Down 1.6%

NYSE GIS opened at $37.08 on Friday. General Mills has a 12 month low of $31.75 and a 12 month high of $51.33. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.68 and a quick ratio of 0.40. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of -206.01, a price-to-earnings-growth ratio of 2.05 and a beta of -0.01. The company’s fifty day moving average price is $37.93 and its two-hundred day moving average price is $37.00.

General Mills (NYSE:GIS) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. General Mills had a positive return on equity of 21.37% and a negative net margin of 0.48%.The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. General Mills’s revenue for the quarter 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, research analysts predict that General Mills will post 3.06 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. Stockholders of record on Friday, July 10th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, July 10th. General Mills’s dividend payout ratio is currently -1,355.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Reflection Asset Management bought a new position in General Mills during the fourth quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new stake in General Mills in the fourth quarter worth about $26,000. Bruce G. Allen Investments LLC lifted its holdings 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 last quarter. Zions Bancorporation National Association UT boosted its position in shares of General Mills by 248.1% during the 4th quarter. Zions Bancorporation National Association UT now owns 630 shares of the company’s stock valued at $29,000 after purchasing an additional 449 shares in the last quarter. Finally, Binnacle Investments Inc raised its holdings in shares of General Mills by 312.5% in the 3rd quarter. Binnacle Investments Inc now owns 660 shares of the company’s stock worth $33,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

Key Headlines Impacting General Mills

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

• Positive Sentiment: Income investors are highlighting General Mills as a well-known, high-yield stock trading near its 52-week low. That attention could provide some valuation and dividend-supportive buying, particularly for investors seeking defensive consumer-staples exposure. Passive Income Investors Are Buying 5 Well-Known High-Yield Stocks Near 52-Week Lows
• Positive Sentiment: General Mills’ Blue Buffalo brand launched limited-edition football-season dog treats. The product release is a modest positive for brand engagement and seasonal sales, though it is unlikely to materially change near-term company earnings. Blue Buffalo Launches New Limited-Edition Game Day Treats
• Neutral Sentiment: At the Barclays Global Consumer Staples Conference, General Mills reaffirmed fiscal 2027 adjusted EPS guidance of $3.00–$3.20, versus analyst consensus of approximately $3.07. The confirmation reduces the risk of an outlook cut but offers little new upside relative to expectations. General Mills Reaffirms Annual Guidance and Provides Business Update
• Neutral Sentiment: General Mills and Mars sued sugar producers, alleging price fixing. A successful case could potentially recover damages or reduce concerns about input costs, but litigation brings uncertainty and does not provide an immediate earnings benefit. General Mills, Mars Sue Sugar Producers in Price-Fixing Lawsuit
• Negative Sentiment: The reaffirmed outlook suggests management is not raising expectations despite the stock’s depressed valuation. Investors may therefore remain focused on whether sales growth, margins and free cash flow improve enough to support the dividend and reverse the recent weakness.

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.