General Mills (NYSE:GIS) Given “Outperform” Rating at Royal Bank Of Canada

General Mills (NYSE:GIS)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research report issued on Monday, September 21st, Benzinga reports. They presently have a $45.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 40.01% from the company’s current price.

Several other research firms have also recently weighed in on GIS. Sanford C. Bernstein cut General Mills from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Wednesday, June 3rd. Evercore set a $38.00 price target on General Mills in a report on Monday, September 14th. Weiss Ratings raised General Mills from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 2nd. TD Cowen dropped their price target on General Mills from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, July 2nd. Finally, Bank of America lifted their price target on General Mills from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, General Mills presently has a consensus rating of “Reduce” and an average price target of $36.59.

General Mills Stock Performance

NYSE:GIS opened at $32.14 on Monday. The stock has a market cap of $17.19 billion, a P/E ratio of -19.36, a PEG ratio of 1.83 and a beta of -0.01. The stock has a 50 day simple moving average of $37.41 and a 200 day simple moving average of $36.10. The company has a current ratio of 0.70, a quick ratio of 0.39 and a debt-to-equity ratio of 1.66. General Mills has a 1-year low of $31.75 and a 1-year high of $51.26.

General Mills (NYSE:GIS) last released its quarterly earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The business had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.35 billion. General Mills had a positive return on equity of 21.86% and a negative net margin of 4.89%.The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. Research analysts anticipate that General Mills will post 3.08 earnings per share for the current year.

Hedge Funds Weigh In On General Mills

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIS. Reflection Asset Management bought a new stake in General Mills during the 4th quarter worth $25,000. Nalls Sherbakoff Group LLC bought a new stake in General Mills during the 4th quarter worth $26,000. Bruce G. Allen Investments LLC grew its position in General Mills by 139.8% during the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock worth $27,000 after acquiring an additional 337 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in General Mills during the 1st quarter worth $26,000. Finally, Main Street Group LTD bought a new stake in General Mills during the 1st quarter worth $27,000. 75.71% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting General Mills

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

• Positive Sentiment: General Mills maintained its quarterly dividend at $0.61 per share, payable November 2 to shareholders of record October 13. The annualized payout is $2.44, implying a dividend yield of roughly 7%, and the company has maintained uninterrupted dividends for 128 years. General Mills Quarterly Dividend Declared
• Positive Sentiment: Analysts cited in recent coverage have a consensus price target of $36.59, suggesting potential upside from GIS’s current level if the company can stabilize sales and earnings. General Mills Consensus Target Price
• Neutral Sentiment: General Mills appointed longtime insider and current Chief Operating Officer Dana McNabb as CEO effective January 1, 2027. Current CEO Jeff Harmening will become executive chair, providing continuity but also putting pressure on McNabb to restore profitable growth. General Mills Announces Dana McNabb as Chief Executive Officer
• Negative Sentiment: The CEO announcement has been viewed cautiously by investors because it comes as General Mills works through slowing growth and a sharp profit decline. First-quarter sales fell to about $4.39 billion from $4.52 billion, while net income dropped to $397 million from $1.20 billion; continuing-operations EPS declined to approximately $0.74 from $2.22. The company also completed its previously announced $4.93 billion share-repurchase program, removing a prior source of potential shareholder support. General Mills Profit Drop and Completed Buyback

About General Mills

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its products include cereal, snack bars, refrigerated dough, baking mixes, yogurt, soup, meals, frozen foods, and pet food, serving retail, foodservice, and pet channels.

The company’s portfolio includes well-known brands such as Cheerios, Betty Crocker, Pillsbury, Nature Valley, Yoplait, Häagen-Dazs, Old El Paso, Progresso, Totino’s, Annie’s, and Blue Buffalo. General Mills sells its products primarily in the United States and also serves consumers in international markets across multiple regions.

General Mills traces its history to the Minneapolis Milling Company, established in 1856, and adopted the General Mills name following a 1928 combination of several milling businesses.