Royal Bank Of Canada Reiterates Outperform Rating for General Mills (NYSE:GIS)

General Mills (NYSE:GIS)‘s stock had its “outperform” rating reaffirmed by Royal Bank Of Canada in a research report issued on Monday, Benzinga reports. They currently have a $45.00 price objective on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 28.41% from the stock’s current price.

A number of other equities analysts also recently weighed in on GIS. Wells Fargo & Company upped their price target on shares of General Mills from $30.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, July 2nd. Zacks Research upgraded shares of General Mills from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Sanford C. Bernstein cut shares of 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. BNP Paribas Exane upped their price target on shares of General Mills from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Finally, Jefferies Financial Group set a $35.00 target price on shares of General Mills in a research note on Thursday, September 10th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $36.53.

General Mills Stock Down 2.2%

NYSE:GIS traded down $0.78 during trading hours on Monday, hitting $35.05. 3,839,029 shares of the stock traded hands, compared to its average volume of 9,405,934. General Mills has a fifty-two week low of $31.75 and a fifty-two week high of $51.32. The company has a current ratio of 0.68, a quick ratio of 0.40 and a debt-to-equity ratio of 1.68. The firm has a market cap of $18.74 billion, a price-to-earnings ratio of -194.79, a PEG ratio of 1.93 and a beta of -0.01. The firm has a 50 day moving average price of $37.82 and a 200 day moving average price of $36.40.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. General Mills had a negative net margin of 0.48% and a positive return on equity of 21.37%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business posted $0.86 earnings per share. General Mills’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that General Mills will post 3.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of General Mills during the second quarter worth approximately $2,181,608,000. Geode Capital Management LLC increased its holdings in shares of General Mills by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 15,197,534 shares of the company’s stock worth $704,170,000 after buying an additional 172,200 shares in the last quarter. Norges Bank acquired a new stake in shares of General Mills during the fourth quarter worth approximately $361,552,000. Dimensional Fund Advisors LP increased its holdings in shares of General Mills by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 6,672,503 shares of the company’s stock worth $248,344,000 after buying an additional 143,265 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of General Mills by 18.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,926,607 shares of the company’s stock worth $275,587,000 after buying an additional 935,679 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

Key Stories Impacting General Mills

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

• Positive Sentiment: General Mills exceeded expectations in fiscal Q1 2027, reporting adjusted earnings of $0.75 per share versus the $0.72 consensus and revenue of $4.39 billion versus $4.35 billion. Improved demand for pantry staples and breakfast cereals, along with pricing, product mix and innovation, supported the results. Reuters article
• Positive Sentiment: Management reaffirmed its fiscal 2027 outlook and highlighted a cost-savings program targeting approximately $750 million this year. International operating profit reportedly rose 14%, providing some evidence that the company’s turnaround and innovation efforts are gaining traction. Motley Fool article
• Neutral Sentiment: TD Cowen raised its price target from $32 to $33 but maintained a Hold rating, indicating limited expected upside at recent trading levels. Benzinga article
• Negative Sentiment: Underlying sales trends remain challenging. Revenue declined 2.8% year over year, organic sales were flat and North America Retail sales fell roughly 7%, while pet-food sales were essentially flat. The prior-year period also benefited from a large gain related to the U.S. yogurt-business divestiture, making reported profit comparisons particularly difficult. Quiver Quantitative article
• Negative Sentiment: Input-cost inflation is expected to approach 6% by the fourth quarter, pressuring margins and potentially requiring additional price increases. Management’s cautious full-year outlook and continued consumer pressure appear to be outweighing the earnings beat. Quartz article

General Mills Company Profile

General Mills, Inc is a global food company that manufactures and markets branded consumer food products. Its portfolio includes cereals, snacks, refrigerated and shelf-stable meals, baking products, yogurt, and pet food.

The company’s brands include Cheerios, Betty Crocker, Pillsbury, Nature Valley, Old El Paso, Yoplait, Blue Buffalo, and Häagen-Dazs in markets where it owns or licenses the brand. General Mills sells its products through grocery stores, mass merchants, convenience stores, e-commerce channels, restaurants, and other foodservice providers.

General Mills traces its history to the Minneapolis Milling Company, founded in 1856, and adopted the General Mills name in 1928.