General Mills (NYSE:GIS) Stock Rating Lowered by Zacks Research

General Mills (NYSE:GISGet Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

GIS has been the subject of a number of other reports. UBS Group set a $46.00 target price on General Mills in a research report on Friday, February 13th. Barclays decreased their price objective on General Mills from $52.00 to $46.00 and set an “equal weight” rating for the company in a report on Wednesday. Sanford C. Bernstein cut their target price on shares of General Mills from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday. Stifel Nicolaus reduced their price target on shares of General Mills from $52.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Piper Sandler lowered their price objective on shares of General Mills from $60.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.37.

Check Out Our Latest Stock Report on General Mills

General Mills Trading Down 0.4%

Shares of General Mills stock opened at $44.63 on Thursday. The company has a fifty day simple moving average of $46.08 and a 200-day simple moving average of $47.68. General Mills has a 12-month low of $42.78 and a 12-month high of $67.35. The company has a current ratio of 0.66, a quick ratio of 0.39 and a debt-to-equity ratio of 1.30. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 9.60 and a beta of -0.06.

General Mills (NYSE:GISGet Free Report) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $1.10 EPS for the quarter, topping 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 analyst estimates of $4.78 billion. During the same period last year, the business earned $1.40 EPS. General Mills’s revenue for the quarter 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. On average, equities analysts forecast that General Mills will post 4.36 EPS for the current fiscal year.

Insider Buying and Selling at General Mills

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. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On General Mills

Institutional investors have recently added to or reduced their stakes in the business. Wick Capital Partners LLC purchased a new stake in shares of General Mills in the fourth quarter valued at approximately $1,526,000. Invesco Ltd. lifted its holdings in General Mills by 14.6% in the fourth quarter. Invesco Ltd. now owns 8,780,455 shares of the company’s stock valued at $408,291,000 after acquiring an additional 1,115,465 shares during the period. Harbour Wealth Management Group Inc. purchased a new stake in shares of General Mills during the 4th quarter worth $373,000. Birchwood Financial Partners Inc. acquired a new position in shares of General Mills during the 4th quarter worth $120,000. Finally, Corient Private Wealth LLC grew its stake in shares of General Mills by 5.1% during the 4th quarter. Corient Private Wealth LLC now owns 194,689 shares of the company’s stock worth $8,614,000 after purchasing an additional 9,499 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

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About General Mills

(Get Free Report)

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.

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