Investment Analysts’ Weekly Ratings Changes for General Mills (GIS)

A number of research firms have changed their ratings and price targets for General Mills (NYSE: GIS):

• 3/24/2025 – General Mills is now covered by analysts at Morgan Stanley. They set an “underweight” rating and a $53.00 price target on the stock.
• 3/20/2025 – General Mills had its price target lowered by analysts at Mizuho from $62.00 to $60.00. They now have a “neutral” rating on the stock.
• 3/20/2025 – General Mills had its price target lowered by analysts at JPMorgan Chase & Co. from $60.00 to $54.00. They now have a “neutral” rating on the stock.
• 3/20/2025 – General Mills had its price target lowered by analysts at Bank of America Co. from $70.00 to $68.00. They now have a “buy” rating on the stock.
• 3/18/2025 – General Mills had its price target lowered by analysts at Barclays PLC from $68.00 to $65.00. They now have an “equal weight” rating on the stock.
• 3/17/2025 – General Mills had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.
• 3/14/2025 – General Mills had its price target lowered by analysts at Citigroup Inc. from $60.00 to $58.00. They now have a “neutral” rating on the stock.
• 3/11/2025 – General Mills had its price target lowered by analysts at JPMorgan Chase & Co. from $62.00 to $60.00. They now have a “neutral” rating on the stock.
• 3/10/2025 – General Mills had its price target raised by analysts at Jefferies Financial Group Inc. from $58.00 to $62.00. They now have a “hold” rating on the stock.
• 2/25/2025 – General Mills had its price target lowered by analysts at Piper Sandler from $84.00 to $71.00. They now have an “overweight” rating on the stock.
• 2/19/2025 – General Mills had its price target lowered by analysts at Wells Fargo & Company from $64.00 to $61.00. They now have an “equal weight” rating on the stock.
• 2/19/2025 – General Mills had its price target lowered by analysts at Bank of America Co. from $78.00 to $70.00. They now have a “buy” rating on the stock.
• 2/19/2025 – General Mills had its price target lowered by analysts at Stifel Nicolaus from $72.00 to $65.00. They now have a “buy” rating on the stock.
• 2/10/2025 – General Mills had its price target lowered by analysts at Mizuho from $72.00 to $65.00. They now have a “neutral” rating on the stock.

General Mills Trading Up 2.0 %

Shares of NYSE GIS traded up $1.17 during trading on Wednesday, hitting $58.96. 2,105,740 shares of the company traded hands, compared to its average volume of 4,109,277. The company has a quick ratio of 0.67, a current ratio of 0.92 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $32.50 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.94 and a beta of 0.06. The company has a 50-day moving average price of $59.95 and a 200-day moving average price of $64.93. General Mills, Inc. has a 1 year low of $55.15 and a 1 year high of $75.90.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.99 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, equities analysts predict that General Mills, Inc. will post 4.36 EPS for the current year.

General Mills Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.40 annualized dividend and a yield of 4.07%. General Mills’s dividend payout ratio is currently 52.75%.

Insider Activity

In related news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $65.00, for a total transaction of $739,635.00. Following the sale, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.26% of the company’s stock.

Institutional Trading of General Mills

Several large investors have recently bought and sold shares of GIS. Vanguard Group Inc. grew its holdings in General Mills by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 68,630,598 shares of the company’s stock valued at $4,376,573,000 after purchasing an additional 1,868,508 shares in the last quarter. State Street Corp grew its stake in shares of General Mills by 9.4% during the third quarter. State Street Corp now owns 33,502,737 shares of the company’s stock valued at $2,474,177,000 after acquiring an additional 2,867,678 shares in the last quarter. Geode Capital Management LLC increased its position in shares of General Mills by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 14,488,451 shares of the company’s stock worth $923,907,000 after acquiring an additional 136,895 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of General Mills by 34.5% in the fourth quarter. Ameriprise Financial Inc. now owns 9,123,387 shares of the company’s stock worth $581,903,000 after acquiring an additional 2,341,137 shares in the last quarter. Finally, Northern Trust Corp grew its stake in General Mills by 18.4% during the 4th quarter. Northern Trust Corp now owns 8,061,793 shares of the company’s stock valued at $514,101,000 after purchasing an additional 1,253,483 shares in the last quarter. Institutional investors and hedge funds own 75.71% of the company’s stock.

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.