JPMorgan Chase & Co. Lowers General Mills (NYSE:GIS) Price Target to $36.00

General Mills (NYSE:GIS) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $42.00 to $36.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 3.95% from the company’s previous close.

GIS has been the topic of several other reports. Evercore set a $45.00 target price on General Mills in a research report on Wednesday, February 18th. Bank of America lowered General Mills from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a report on Monday, February 23rd. Mizuho reduced their price objective on shares of General Mills from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Research cut shares of General Mills from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada reduced their price target on shares of General Mills from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, General Mills presently has an average rating of “Reduce” and a consensus target price of $44.61.

General Mills Stock Performance

Shares of General Mills stock traded down $0.11 during trading on Thursday, hitting $37.48. 11,042,705 shares of the stock were exchanged, compared to its average volume of 8,581,791. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.39 and a current ratio of 0.66. General Mills has a 12 month low of $37.13 and a 12 month high of $62.61. The stock’s fifty day moving average is $44.66 and its 200 day moving average is $46.80. The stock has a market cap of $20.00 billion, a PE ratio of 8.06 and a beta of -0.05.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.09). General Mills had a net margin of 13.51% and a return on equity of 21.41%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that General Mills will post 4.36 EPS for the current year.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On General Mills

A number of institutional investors and hedge funds have recently modified their holdings of GIS. Norges Bank acquired a new stake in shares of General Mills in the second quarter worth $417,508,000. Wellington Management Group LLP raised its position in General Mills by 2,970.1% during the fourth quarter. Wellington Management Group LLP now owns 7,466,693 shares of the company’s stock valued at $347,201,000 after buying an additional 7,223,487 shares during the period. AQR Capital Management LLC raised its position in General Mills by 366.1% during the fourth quarter. AQR Capital Management LLC now owns 5,117,287 shares of the company’s stock valued at $237,954,000 after buying an additional 4,019,319 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in General Mills in the 2nd quarter worth about $84,862,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in General Mills by 61.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,141,691 shares of the company’s stock worth $192,589,000 after acquiring an additional 1,573,444 shares during the period. Institutional investors and hedge funds 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 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.