General Mills (NYSE:GIS) Given New $45.00 Price Target at Wells Fargo & Company

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

GIS has been the subject of a number of other reports. Barclays set a $46.00 price target on General Mills in a report on Wednesday. UBS Group set a $46.00 price target on shares of General Mills in a research note on Friday. Piper Sandler lowered their price target on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. Jefferies Financial Group decreased their target price on shares of General Mills from $50.00 to $47.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. Finally, Weiss Ratings downgraded General Mills from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, January 13th. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, General Mills presently has an average rating of “Hold” and a consensus price target of $51.37.

General Mills Price Performance

Shares of NYSE GIS traded down $0.43 on Wednesday, hitting $44.53. The company’s stock had a trading volume of 1,407,481 shares, compared to its average volume of 8,458,936. General Mills has a 12-month low of $42.78 and a 12-month high of $67.35. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 9.54 and a beta of -0.06. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.66 and a quick ratio of 0.39. The stock has a 50 day moving average of $46.15 and a 200-day moving average of $47.74.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.07. General Mills had a net margin of 13.51% and a return on equity of 21.41%. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the company posted $1.40 EPS. The company’s revenue was down 7.2% on a year-over-year basis. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. As a group, research analysts predict that General Mills will post 4.36 EPS for the current year.

Insider Activity at General Mills

In related 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 completion of the sale, the insider owned 48,568 shares of the company’s stock, valued at $2,338,549.20. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On General Mills

Hedge funds and other institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. boosted its holdings in General Mills by 255.8% during the third quarter. North Star Investment Management Corp. now owns 59,791 shares of the company’s stock worth $3,015,000 after buying an additional 42,986 shares in the last quarter. Norges Bank bought a new position in shares of General Mills in the second quarter valued at $417,508,000. AE Wealth Management LLC lifted its position in shares of General Mills by 7.7% during the 3rd quarter. AE Wealth Management LLC now owns 346,005 shares of the company’s stock valued at $17,445,000 after acquiring an additional 24,688 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of General Mills by 22.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,628,421 shares of the company’s stock worth $384,625,000 after acquiring an additional 1,383,913 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of General Mills by 22.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 383,877 shares of the company’s stock worth $19,889,000 after acquiring an additional 70,800 shares in the last quarter. 75.71% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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.