General Mills (NYSE:GIS) Price Target Cut to $36.00 by Analysts at JPMorgan Chase & Co.

General Mills (NYSE:GIS) had its price objective reduced by research analysts at JPMorgan Chase & Co. from $42.00 to $36.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 3.95% from the stock’s current price.

GIS has been the topic of several other reports. UBS Group cut their price objective on General Mills from $40.00 to $35.00 and set a “sell” rating on the stock in a research report on Thursday. Evercore set a $45.00 price target on General Mills in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $51.00 price objective on shares of General Mills in a research report on Thursday, December 18th. Sanford C. Bernstein decreased their target price on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday, February 18th. Finally, Morgan Stanley dropped their price target on shares of General Mills from $47.00 to $44.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 18th. Four 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 data from MarketBeat, General Mills presently has an average rating of “Reduce” and a consensus target price of $44.61.

General Mills Trading Down 0.3%

GIS stock traded down $0.11 during midday trading on Thursday, reaching $37.48. 11,042,705 shares of the company’s stock traded hands, compared to its average volume of 8,581,791. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. General Mills has a fifty-two week low of $37.13 and a fifty-two week high of $62.61. The business has a 50-day moving average price of $44.66 and a two-hundred day moving average price of $46.80. The company has a market capitalization of $20.00 billion, a P/E ratio of 8.06 and a beta of -0.05.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share (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 return on equity of 21.41% and a net margin of 13.51%.General Mills’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. Equities research analysts forecast that General Mills will post 4.36 EPS for the current fiscal year.

Insider Activity at General Mills

In related news, insider Paul Joseph Gallagher sold 1,500 shares of General Mills stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $48.15, for a total value of $72,225.00. Following the completion of the transaction, the insider directly owned 48,568 shares in the company, valued at approximately $2,338,549.20. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On General Mills

A number of institutional investors have recently made changes to their positions in GIS. Vermillion & White Wealth Management Group LLC acquired a new position in General Mills in the third quarter worth $25,000. Reflection Asset Management acquired a new position in shares of General Mills in the 4th quarter valued at about $25,000. Nalls Sherbakoff Group LLC bought a new stake in shares of General Mills during the 4th quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its stake in General Mills by 139.8% during the fourth 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 period. Finally, Close Asset Management Ltd bought a new position in General Mills in the third quarter worth about $28,000. 75.71% of the stock is currently owned by institutional investors.

Key General Mills News

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

• Positive Sentiment: Piper Sandler keeps an overweight view and trimmed its target to $45, signaling conviction that the turnaround and margin actions can unlock ~20% upside from current levels. Piper Sandler PT
• Positive Sentiment: Stifel reiterated a buy rating while lowering its target to $44, another vote from some analysts that the shares are recoverable as investments begin to pay off. Stifel PT
• Positive Sentiment: Product momentum: management highlighted premium product moves (more protein/fiber, e.g., Cheerios Protein on track to be a $100M business) as part of the turnaround strategy that could boost organic growth if consumer uptake continues. Protein Strategy
• Neutral Sentiment: Portfolio reshaping: General Mills is selling its Brazil unit to focus on higher‑margin platforms — a strategic move that may improve long‑term margins but creates short‑term disruption. Brazil Sale
• Neutral Sentiment: Management reaffirmed full‑year guidance despite the quarter’s weakness — removes some downside surprise risk but also signals continued pressure on top line and margins. Guidance Reaffirmed
• Negative Sentiment: Q3 miss: GIS reported $0.64 EPS vs. ~$0.73 expected and revenue down ~8.4% YoY, driven by weaker volumes and divestitures — the core catalyst for the stock weakness. Q3 Transcript
• Negative Sentiment: Analyst downgrades/target cuts: Multiple firms cut targets (UBS to $35 sell; TD Cowen to $37 hold; Goldman Sachs to $40 neutral; Mizuho to $39 neutral), increasing near‑term selling pressure and signaling skepticism about a quick recovery. Analyst Cuts
• Negative Sentiment: Investor sentiment: commentators (including Jim Cramer) noted the quarter and management’s messaging failed to reassure the market, adding to near‑term pressure. Cramer Commentary

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.