Royal Bank Of Canada Has Lowered Expectations for General Mills (NYSE:GIS) Stock Price

General Mills (NYSE:GIS) had its target price reduced by equities research analysts at Royal Bank Of Canada from $60.00 to $55.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 48.51% from the company’s current price.

GIS has been the subject of several other reports. TD Cowen reduced their price objective on General Mills from $47.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Weiss Ratings cut General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, January 13th. Wells Fargo & Company downgraded General Mills from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $45.00 to $35.00 in a research note on Thursday, March 12th. UBS Group reiterated a “sell” rating and issued a $40.00 price objective on shares of General Mills in a research report on Wednesday, March 11th. Finally, Stifel Nicolaus lowered their price objective on shares of General Mills from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, General Mills has a consensus rating of “Reduce” and a consensus price target of $44.61.

General Mills Trading Down 1.2%

Shares of General Mills stock opened at $37.04 on Thursday. General Mills has a 12-month low of $37.01 and a 12-month high of $62.61. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.17. The stock has a market cap of $19.76 billion, a PE ratio of 9.06 and a beta of -0.05. The company has a 50-day moving average of $44.38 and a two-hundred day moving average of $46.65.

General Mills (NYSE:GIS) last announced its quarterly earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The firm had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.General Mills’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.12 EPS. On average, research analysts anticipate that General Mills will post 4.36 EPS for the current fiscal year.

Institutional Trading of General Mills

A number of large investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. raised its stake in General Mills by 7.7% in the 2nd quarter. Avantax Advisory Services Inc. now owns 61,444 shares of the company’s stock valued at $3,183,000 after purchasing an additional 4,390 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of General Mills by 3.5% during the 2nd quarter. Kingsview Wealth Management LLC now owns 11,519 shares of the company’s stock worth $597,000 after purchasing an additional 385 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of General Mills by 3.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 216,599 shares of the company’s stock worth $11,222,000 after purchasing an additional 7,241 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of General Mills by 0.8% during the second quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company’s stock worth $3,592,828,000 after buying an additional 581,045 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new stake in shares of General Mills during the second quarter worth about $46,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

More General Mills News

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

• Positive Sentiment: Piper Sandler reaffirmed its buy/overweight stance on GIS (despite trimming its target earlier), signaling continued broker support for the turnaround thesis. Piper Sandler Reaffirms Their Buy Rating on General Mills (GIS)
• Positive Sentiment: RBC Capital reaffirmed its buy/outperform view on GIS, providing another vote of confidence from a large broker. RBC Capital Keeps Their Buy Rating on General Mills (GIS)
• Positive Sentiment: Diamond Hill Capital’s Mid-Cap strategy disclosed a new position in General Mills in Q4, indicating some institutional accumulation at these levels. Diamond Hill Mid Cap Strategy Initiated a Position in General Mills (GIS) in Q4
• Neutral Sentiment: Jefferies reaffirmed a hold rating, reflecting a wait-and-see view: management’s recovery plan is being acknowledged but not yet rewarded by all analysts. Jefferies Reaffirms Their Hold Rating on General Mills (GIS)
• Neutral Sentiment: Management highlighted product innovation (more protein/fiber SKUs like Cheerios Protein) and portfolio reshaping (Brazil unit sale) as recovery levers; these are strategic positives but will take time to materially reverse top-line/margin trends. General Mills Bets on Protein and Fiber to Win Back Consumers
• Negative Sentiment: Q3 results missed on EPS and showed an 8.4% YoY revenue decline; analysts flagged a tough consumer environment and lowered near-term forecasts. General Mills’ FQ3 miss highlights tough consumer environment — analysts
• Negative Sentiment: Several brokers slashed price targets and/or lowered ratings after the print: UBS cut its target to $35 and kept a Sell; JPMorgan, UBS, Goldman, TD Cowen and others trimmed targets or moved to underweight/neutral — putting fresh downside risk and pressuring sentiment. General Mills price target lowered to $35 from $40 at UBS
• Negative Sentiment: Investor commentary (including Jim Cramer) and post-earnings notes highlight that management’s messaging and near-term guidance weren’t convincing, amplifying the sell-side cuts and heavy trading. Jim Cramer on General Mills: “Management Tried to Turn Minuses Into Pluses, But the Crowd Wasn’t Buying It”

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.