General Mills (NYSE:GIS) Price Target Cut to $40.00 by Analysts at The Goldman Sachs Group

General Mills (NYSE:GIS) had its price target decreased by analysts at The Goldman Sachs Group from $47.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 7.20% from the stock’s previous close.

A number of other analysts also recently commented on GIS. Royal Bank Of Canada dropped their target price on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group decreased their price target on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Stifel Nicolaus dropped their price target on General Mills from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America downgraded General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Monday, February 23rd. Finally, Mizuho set a $47.00 target price on General Mills in a report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $46.44.

General Mills Price Performance

Shares of General Mills stock traded down $0.28 during trading on Thursday, hitting $37.32. The stock had a trading volume of 5,622,138 shares, compared to its average volume of 8,521,698. The business has a fifty day moving average of $44.66 and a two-hundred day moving average of $46.80. General Mills has a fifty-two week low of $37.17 and a fifty-two week high of $62.61. The firm has a market cap of $19.91 billion, a P/E ratio of 8.03 and a beta of -0.05. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 18th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 21.41% and a net margin of 13.51%.The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the firm earned $1.12 earnings per share. General Mills’s revenue was down 8.4% on a year-over-year basis. On average, sell-side analysts expect that General Mills will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 48,568 shares of the company’s stock, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of General Mills

A number of hedge funds have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC acquired a new position in General Mills in the 3rd quarter worth about $25,000. Reflection Asset Management bought a new stake in shares of General Mills in the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new position in General Mills in the fourth quarter worth approximately $26,000. Bruce G. Allen Investments LLC raised its position in General Mills by 139.8% during the fourth 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 in the last quarter. Finally, Close Asset Management Ltd bought a new position in General Mills during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Trending Headlines about General Mills

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

• Positive Sentiment: Sale of Brazil business seen as strategic portfolio sharpening that should boost margins and focus resources on core global platforms; investors viewed the deal as a constructive step ahead of the earnings report. General Mills sells Brazil unit
• Positive Sentiment: Bullish commentators and some analysts continue to highlight turnaround potential and elevated dividend yield as reasons to buy the beaten-down stock, providing a counterpoint to near-term volatility. Be Greedy When Others Are Fearful
• Neutral Sentiment: Management reaffirmed full‑year sales and profit guidance (after a prior cut), which reduces near-term uncertainty but leaves room for disappointment if organic trends don’t improve. Reuters: General Mills reaffirms forecasts
• Neutral Sentiment: Full Q3 earnings call/transcript highlights management’s turnaround plan and investments to restore volumes, but also notes continued weak demand and short‑term margin headwinds. Q3 earnings call transcript
• Negative Sentiment: Q3 miss: EPS of $0.64 missed expectations (~$0.73), revenue and organic sales declined (sales down ~8% y/y), and margins were pressured by input costs and divestitures — the immediate driver of the stock’s weakness. Zacks: Q3 earnings miss
• Negative Sentiment: Analysts lowered forecasts and price targets after the print (multiple firms cut targets), which can amplify near‑term selling pressure even where ratings remain constructive. Benzinga: Analysts cut forecasts
• Negative Sentiment: Separate price target cuts reported (Barclays, Stifel, RBC reductions) and continued concerns about weak consumer demand mean upside will likely depend on clear signs of improving organic sales and margin recovery. AmericanBankingNews: Barclays lowers target

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.