Bank of America Increases General Mills (NYSE:GIS) Price Target to $39.00

General Mills (NYSE:GIS) had its target price hoisted by equities research analysts at Bank of America from $36.00 to $39.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s price target suggests a potential upside of 3.70% from the stock’s previous close.

GIS has been the topic of a number of other reports. TD Cowen cut their price objective on shares of General Mills from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Stifel Nicolaus cut their price target on shares of General Mills from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Piper Sandler reduced their price objective on shares of General Mills from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Barclays cut their target price on General Mills from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price on shares of General Mills in a report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $38.78.

General Mills Stock Performance

Shares of General Mills stock opened at $37.61 on Thursday. General Mills has a 52 week low of $31.75 and a 52 week high of $54.18. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average price of $34.18 and a 200-day moving average price of $39.88. The company has a market cap of $20.07 billion, a PE ratio of 9.20 and a beta of -0.03.

General Mills (NYSE:GIS) last announced its earnings results 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 return on equity of 19.19% and a net margin of 12.05%.The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.59 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. General Mills’s quarterly revenue was up 1.2% on a year-over-year basis. General Mills has set its FY 2027 guidance at 3.000-3.200 EPS. Equities analysts anticipate that General Mills will post 3.42 earnings per share for the current fiscal year.

Insider Transactions at General Mills

In other news, insider Jacqueline Williams-Roll sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $34.27, for a total transaction of $342,700.00. Following the completion of the sale, the insider owned 86,002 shares in the company, valued at $2,947,288.54. This trade represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ricardo Fernandez sold 7,995 shares of General Mills stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $34.50, for a total transaction of $275,827.50. Following the completion of the sale, the insider directly owned 62,283 shares in the company, valued at $2,148,763.50. This trade represents a 11.38% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On General Mills

Institutional investors and hedge funds have recently bought and sold shares of the company. LBP AM SA purchased a new stake in shares of General Mills during the 4th quarter valued at approximately $2,639,000. Oak Thistle LLC purchased a new position in General Mills in the 4th quarter valued at approximately $1,320,000. Robeco Institutional Asset Management B.V. grew its stake in General Mills by 1,824.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 895,225 shares of the company’s stock valued at $41,628,000 after buying an additional 848,712 shares in the last quarter. Korea Investment CORP raised its holdings in General Mills by 161.9% during the 3rd quarter. Korea Investment CORP now owns 333,199 shares of the company’s stock valued at $16,800,000 after acquiring an additional 205,981 shares during the period. Finally, HF Advisory Group LLC raised its holdings in General Mills by 550.2% during the 4th quarter. HF Advisory Group LLC now owns 79,156 shares of the company’s stock valued at $3,681,000 after acquiring an additional 66,981 shares during the period. 75.71% of the stock is owned by institutional investors.

General Mills News Roundup

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

• Positive Sentiment: General Mills beat Wall Street estimates for both earnings and revenue, with adjusted EPS of $0.95 versus $0.80 expected and sales of $4.61 billion versus $4.59 billion expected, signaling resilient demand in packaged foods. Reuters: General Mills beats quarterly estimates on steady staples demand, higher prices
• Positive Sentiment: Management announced a plan to generate about $3 billion in cost savings, which investors view as a way to protect margins and offset inflation and softer consumer spending. Article: Why General Mills Stock Jumped Today
• Positive Sentiment: The company also maintained its quarterly dividend, reinforcing its appeal as a defensive income stock while earnings improve. Article: General Mills (GIS) Stock Climbs on Dividend Stability and $3B Cost Reduction Plan
• Neutral Sentiment: Conference call commentary emphasized brand investment, innovation, protein-focused products, and pet food as long-term growth drivers, but also highlighted ongoing pressure from inflation and changing consumer behavior. TipRanks: General Mills Earnings Call Balances Progress And Pressure
• Negative Sentiment: Despite the beat, fiscal 2027 EPS guidance of $3.00 to $3.20 came in below the Street’s roughly $3.13 estimate, which could limit upside if investors focus on slower forward growth. Article: General Mills tops quarterly expectations despite cautious FY2027 outlook

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.