Stifel Nicolaus Lowers General Mills (NYSE:GIS) Price Target to $44.00

General Mills (NYSE:GIS) had its price target lowered by investment analysts at Stifel Nicolaus from $50.00 to $44.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 18.81% from the stock’s previous close.

Several other analysts also recently commented on GIS. Barclays decreased their price objective on shares of General Mills from $46.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. UBS Group reaffirmed a “sell” rating and issued a $40.00 target price on shares of General Mills in a report on Wednesday, March 11th. Piper Sandler cut their price target on General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $51.00 price target on shares of General Mills in a report on Thursday, December 18th. Finally, Wells Fargo & Company lowered General Mills from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $45.00 to $35.00 in a research note on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, General Mills currently has a consensus rating of “Reduce” and a consensus price target of $44.61.

General Mills Trading Down 1.2%

Shares of NYSE:GIS opened at $37.04 on Thursday. The stock has a 50 day moving average of $44.38 and a 200 day moving average of $46.65. The company has a market cap of $19.76 billion, a PE ratio of 9.06 and a beta of -0.05. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.17. General Mills has a 12-month low of $37.01 and a 12-month high of $62.61.

General Mills (NYSE:GIS) last released its earnings results on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.09). General Mills had a return on equity of 19.19% and a net margin of 12.05%.The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the previous year, the business posted $1.12 EPS. General Mills’s revenue was down 8.4% on a year-over-year basis. As a group, equities research analysts expect that General Mills will post 4.36 EPS for the current year.

Institutional Inflows and Outflows

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

Trending Headlines about General Mills

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.