TD Cowen Has Lowered Expectations for General Mills (NYSE:GIS) Stock Price

General Mills (NYSE:GIS) had its price objective decreased by analysts at TD Cowen from $45.00 to $37.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential downside of 0.09% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America cut shares of General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Monday, February 23rd. Barclays reduced their price objective on shares of General Mills from $46.00 to $43.00 and set an “equal weight” rating for the company in a research report on Monday, March 16th. Piper Sandler decreased their price objective on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Morgan Stanley dropped their target price on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Evercore set a $45.00 target price on shares of General Mills in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, General Mills has a consensus rating of “Reduce” and an average target price of $44.61.

General Mills Stock Performance

NYSE GIS opened at $37.04 on Thursday. The stock has a market capitalization of $19.76 billion, a price-to-earnings ratio of 9.06 and a beta of -0.05. The stock has a 50-day moving average of $44.38 and a 200 day moving average of $46.65. 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 twelve month low of $37.01 and a twelve month high of $62.61.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.09). The business had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.53 billion. General Mills had a net margin of 12.05% and a return on equity of 19.19%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. Sell-side analysts anticipate that General Mills will post 4.36 EPS for the current fiscal year.

Institutional Investors Weigh In On General Mills

A number of large investors have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC purchased a new position in shares of General Mills in the third quarter worth about $25,000. Reflection Asset Management acquired a new position in General Mills during the fourth quarter worth about $25,000. Nalls Sherbakoff Group LLC purchased a new stake in General Mills during the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its holdings in General Mills by 139.8% in the 4th quarter. Bruce G. Allen Investments LLC now owns 578 shares of the company’s stock valued at $27,000 after acquiring an additional 337 shares during the last quarter. Finally, Close Asset Management Ltd acquired a new stake in General Mills in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Key Headlines Impacting 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”

About General Mills

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.