Wells Fargo & Company Has Lowered Expectations for General Mills (NYSE:GIS) Stock Price

General Mills (NYSE:GIS) had its target price reduced by equities research analysts at Wells Fargo & Company from $49.00 to $45.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 1.05% from the company’s current price.

A number of other research firms have also recently weighed in on GIS. Jefferies Financial Group cut their price target on General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Piper Sandler dropped their price target on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays set a $46.00 price objective on shares of General Mills in a report on Wednesday. Royal Bank Of Canada set a $63.00 target price on shares of General Mills and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Sanford C. Bernstein set a $48.00 price target on shares of General Mills in a research note on Wednesday. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.37.

General Mills Stock Down 0.9%

GIS stock traded down $0.43 during mid-day trading on Wednesday, reaching $44.53. The company had a trading volume of 1,407,481 shares, compared to its average volume of 8,458,936. The firm has a fifty day simple moving average of $46.15 and a 200 day simple moving average of $47.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 9.54 and a beta of -0.06. General Mills has a fifty-two week low of $42.78 and a fifty-two week high of $67.35.

General Mills (NYSE:GIS) last issued its earnings results on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the company earned $1.40 earnings per share. The firm’s revenue was down 7.2% compared to the same quarter last year. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. Analysts forecast that General Mills will post 4.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul Joseph Gallagher sold 1,500 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $48.15, for a total transaction of $72,225.00. Following the transaction, the insider directly owned 48,568 shares in the company, valued at $2,338,549.20. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.30% of the company’s stock.

Institutional Trading of General Mills

A number of institutional investors have recently modified their holdings of GIS. Stratos Wealth Partners LTD. grew its stake in shares of General Mills by 5.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 10,780 shares of the company’s stock worth $559,000 after purchasing an additional 592 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of General Mills by 8.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,810 shares of the company’s stock valued at $247,000 after acquiring an additional 391 shares during the period. Brookstone Capital Management boosted its stake in shares of General Mills by 7.5% during the 2nd quarter. Brookstone Capital Management now owns 206,921 shares of the company’s stock worth $10,721,000 after acquiring an additional 14,353 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of General Mills by 16.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,089 shares of the company’s stock worth $315,000 after acquiring an additional 859 shares in the last quarter. Finally, Ethic Inc. grew its holdings in shares of General Mills by 5.9% in the 2nd quarter. Ethic Inc. now owns 124,210 shares of the company’s stock worth $6,275,000 after acquiring an additional 6,921 shares during the period. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about General Mills

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

• Positive Sentiment: Piper Sandler kept an “overweight” rating while lowering its price target to $53 (from $60), still implying roughly an 18% upside from the current price — a vote of confidence from an analyst despite the pullback. Piper Sandler note
• Positive Sentiment: Management presented at the CAGNY conference outlining progress on the “Accelerate” strategy — reinforces management’s long‑term plan to drive remarkability and margin recovery. CAGNY presentation
• Neutral Sentiment: Slides and a transcript of the CAGNY presentation are available — useful for deeper diligence but unlikely to move the stock near‑term versus the guidance news. CAGNY slides/transcript
• Negative Sentiment: General Mills cut its FY‑2026 sales and profit outlook: organic net sales now expected to decline 1.5%–2% (vs prior -1% to +1%) and EPS guide was lowered to $3.37–$3.54 (below consensus ~3.66). Management cited weaker consumer sentiment and demand — the primary driver of today’s selloff. Reuters: guidance cut
• Negative Sentiment: Restructuring costs jumped (reported ~ $165M) and the company warned of increased volatility that could trim net‑sales growth by ~4% — adds short‑term margin pressure and execution risk. Benzinga: restructuring costs
• Negative Sentiment: Unusually large options activity: buyers purchased ~20,576 put contracts (≈ +226% vs. average), signaling elevated bearish hedging/speculation around the name.

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.