General Mills (NYSE:GIS) Given New $45.00 Price Target at Piper Sandler

General Mills (NYSE:GIS) had its price objective dropped by equities researchers at Piper Sandler from $53.00 to $45.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 20.75% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of General Mills from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Mizuho decreased their price target on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday. Royal Bank Of Canada lowered their price objective on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday. Sanford C. Bernstein cut their target price on General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 18th. Finally, TD Cowen reduced their target price on General Mills from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, General Mills presently has an average rating of “Reduce” and a consensus target price of $45.56.

General Mills Stock Down 0.9%

Shares of GIS stock traded down $0.32 during trading hours on Thursday, reaching $37.27. 6,164,011 shares of the company’s stock were exchanged, compared to its average volume of 8,535,707. General Mills has a fifty-two week low of $37.17 and a fifty-two week high of $62.61. The stock’s 50 day moving average is $44.66 and its 200-day moving average is $46.80. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 8.03 and a beta of -0.05.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a return on equity of 21.41% and a net margin of 13.51%.The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Analysts predict that General Mills will post 4.36 earnings per share for the current fiscal year.

Insider Transactions at General Mills

In other General Mills news, insider Paul Joseph Gallagher sold 1,500 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $48.15, for a total value of $72,225.00. Following the sale, the insider directly owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On General Mills

Institutional investors and hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC acquired a new stake in General Mills in the third quarter valued at approximately $25,000. Reflection Asset Management purchased a new position in shares of General Mills during the 4th quarter valued at approximately $25,000. Close Asset Management Ltd acquired a new stake in General Mills in the 3rd quarter valued at $28,000. Nalls Sherbakoff Group LLC purchased a new stake in General Mills in the 4th quarter worth $26,000. Finally, Davis Capital Management purchased a new stake in General Mills in the 3rd quarter worth $29,000. Institutional investors and hedge funds 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: Management highlights product wins aimed at growth — General Mills is pushing protein- and fiber-forward products (Cheerios Protein, more protein in Honey Nut Cheerios); management says Cheerios Protein could be a $100M business this year, which supports a potential recovery in volumes and mix. Article Title
• Positive Sentiment: Portfolio simplification: sale of Brazil unit aims to sharpen focus on higher-margin platforms and free up capital for core brands. That strategic pruning can support margins longer term. Article Title
• Neutral Sentiment: Company reaffirmed its full-year guidance despite the Q3 miss — this provides short-term visibility but didn’t reassure the market given weakening top-line trends. Article Title
• Neutral Sentiment: Full Q3 earnings call transcript and materials released — useful for investors assessing whether cost actions and brand investments can restore growth. Article Title
• Negative Sentiment: Q3 miss and weakening sales: GIS reported $0.64 EPS vs. ~$0.73 consensus and $4.44B revenue vs. ~$4.53B; organic sales and volumes declined year-over-year, pressuring margins. Article Title
• Negative Sentiment: Analysts cut targets and some downgraded the name after the print — UBS trimmed its PT and moved to a sell view, and several firms reduced forecasts, increasing near-term downside risk and dampening sentiment. Article Title
• Negative Sentiment: Investor skepticism and negative commentary: market reaction included critical takes (e.g., Jim Cramer) and coverage noting turnaround progress hasn’t yet convinced the crowd. Article Title
• Negative Sentiment: Sector headwinds: broader consumer-staples and consumer discretionary weakness is weighing on GIS shares alongside company-specific issues. Article Title

About General Mills

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.