General Mills (NYSE:GIS) Price Target Raised to $33.00 at TD Cowen

General Mills (NYSE:GIS) had its price target raised by TD Cowen from $32.00 to $33.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target would suggest a potential downside of 7.64% from the company’s previous close.

A number of other brokerages also recently issued reports on GIS. Bank of America reaffirmed a “neutral” rating on shares of General Mills in a report on Thursday. UBS Group reiterated a “sell” rating on shares of General Mills in a research note on Wednesday, September 16th. JPMorgan Chase & Co. raised their target price on General Mills from $31.00 to $35.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of General Mills from $32.00 to $33.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. Finally, Sanford C. Bernstein lowered shares of General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 target price for the company. in a report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, General Mills presently has a consensus rating of “Reduce” and an average price target of $36.53.

General Mills Price Performance

GIS opened at $35.73 on Thursday. The stock’s 50 day moving average price is $37.82 and its 200-day moving average price is $36.40. General Mills has a 52-week low of $31.75 and a 52-week high of $51.33. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.40 and a current ratio of 0.68. The stock has a market capitalization of $19.10 billion, a PE ratio of -198.49, a price-to-earnings-growth ratio of 1.93 and a beta of -0.01.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.35 billion. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. On average, equities research analysts predict that General Mills will post 3.06 EPS for the current year.

Hedge Funds Weigh In On General Mills

A number of institutional investors and hedge funds have recently modified their holdings of GIS. Talon Private Wealth LLC purchased a new position in General Mills during the second quarter worth $211,000. The Manufacturers Life Insurance Company raised its stake in shares of General Mills by 2.1% in the second quarter. The Manufacturers Life Insurance Company now owns 299,001 shares of the company’s stock valued at $10,405,000 after acquiring an additional 6,098 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of General Mills by 38.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 36,290 shares of the company’s stock worth $1,263,000 after acquiring an additional 10,132 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of General Mills by 52.6% in the 2nd quarter. Tidal Investments LLC now owns 127,535 shares of the company’s stock worth $4,438,000 after acquiring an additional 43,958 shares during the last quarter. Finally, MCF Advisors LLC boosted its stake in shares of General Mills by 7.8% during the 2nd quarter. MCF Advisors LLC now owns 3,812 shares of the company’s stock worth $133,000 after purchasing an additional 277 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Key General Mills News

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

• Positive Sentiment: Q1 results exceeded expectations. General Mills reported adjusted earnings of $0.75 per share, above the $0.72 consensus estimate, while revenue of $4.39 billion topped expectations of $4.35 billion. Pricing and product mix helped offset lower volumes and higher costs. General Mills Q1 Earnings Beat Estimates on Pricing and Mix Benefits
• Positive Sentiment: Cost savings and international operations provided support. Management is targeting approximately $750 million in fiscal 2027 cost savings, and international profit reportedly increased 14%, suggesting parts of the turnaround are gaining traction. General Mills Reaffirms Full-Year Guidance as International Profit Jumps 14%
• Neutral Sentiment: Full-year guidance was reaffirmed. General Mills maintained its fiscal 2027 outlook, including organic sales ranging from a 1.5% decline to 0.5% growth and adjusted EPS of $3.00 to $3.20. The lack of a downward revision offers some stability, but the range implies limited near-term growth. General Mills Reports Fiscal 2027 First-quarter Results and Reaffirms Full-year Outlook
• Negative Sentiment: Underlying sales and profitability remain weak. Revenue fell 2.8% year over year, North America Retail sales declined roughly 7%, and organic sales were flat. Reported net income fell sharply to $397 million from $1.2 billion in the prior-year period, although the comparison was distorted by a prior gain from the U.S. yogurt divestiture. General Mills Beats First-quarter Sales Estimates
• Negative Sentiment: Inflation is expected to intensify. Management warned input-cost inflation could approach 6% by the fourth quarter, putting additional pressure on margins and potentially requiring further price increases. Investors therefore viewed the earnings beat as less durable, explaining the negative stock reaction. General Mills Warns Inflation Could Hit 6%

General Mills Company Profile

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.