From what 21 stock analysts predict, the share price for General Mills Inc (GIS) might increase by 16.69% in the next year. This is based on a 12-month average estimation for GIS. Price targets go from $67 to $84. The majority of stock analysts believe GIS is a hold. Please note analyst price targets are not guaranteed and could be missed completely.
About 21 Wall Street analysts have assigned GIS 2 buy ratings, 15 hold ratings, and 4 sell ratings. This means that analysts expect General Mills Inc to generate similar returns as the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on GIS. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of GIS.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Ken Goldman JP Morgan | Neutral | $67 | Maintains | Oct 14, 2024 |
Andrew Lazar Barclays | Equal-Weight | $74 | Maintains | Sep 20, 2024 |
Robert Moskow TD Cowen | Hold | $75 | Maintains | Sep 20, 2024 |
Nik Modi RBC Capital | Sector Perform | $70 | Reiterates | Sep 19, 2024 |
Matthew Smith Stifel | Buy | $82 | Maintains | Sep 19, 2024 |
Thomas Palmer Citigroup | Neutral | $75 | Maintains | Sep 19, 2024 |
Michael Lavery Piper Sandler | Overweight | $84 | Maintains | Sep 19, 2024 |
Bryan Spillane B of A Securities | Neutral | $78 | Maintains | Sep 17, 2024 |
Thomas Palmer Citigroup | Neutral | $76 | Maintains | Sep 16, 2024 |
Chris Carey Wells Fargo | Equal-Weight | $75 | Maintains | Sep 13, 2024 |
Bryan Spillane B of A Securities | Neutral | $75 | Maintains | Sep 12, 2024 |
Taylor Conrad Argus Research | Hold | Downgrade | Jul 16, 2024 | |
John Baumgartner Mizuho | Neutral | $62 | Maintains | Jul 3, 2024 |
David Palmer Evercore ISI Group | In-Line | $72 | Maintains | Jun 28, 2024 |
Andrew Lazar Barclays | Equal-Weight | $67 | Maintains | Jun 28, 2024 |
Chris Carey Wells Fargo | Equal-Weight | $67 | Maintains | Jun 27, 2024 |
Nik Modi RBC Capital | Sector Perform | $70 | Reiterates | Jun 27, 2024 |
Thomas Palmer Citigroup | Neutral | $68 | Maintains | Jun 27, 2024 |
Matthew Smith Stifel | Buy | $70 | Maintains | Jun 27, 2024 |
Bryan Spillane B of A Securities | Neutral | $68 | Maintains | Jun 27, 2024 |
When did it IPO
1983
Staff Count
34,000
Country
United States
Sector/Industry
Consumer Defensive/Packaged Foods
CEO
Mr. Jeffrey L. Harmening
Market Cap
$35.59B
In 2023, GIS generated $20.09B in revenue, which was a increase of 5.80% from the previous year. This can be seen as a signal that GIS's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Boris Schlosberg, managing director of FX strategy at BK Asset Management, discusses stock plays for three stocks on 'Power Lunch'.
Why It Matters - Boris Schlosberg's insights on stock plays can influence investment strategies, potentially impacting stock prices and market sentiment for the mentioned companies.
Summary - Investors can identify buying opportunities in oversold stocks by analyzing specific fundamental and technical indicators.
Why It Matters - The emphasis on analyzing fundamental and technical indicators for oversold stocks signals potential investment opportunities, indicating a strategy for value-seeking investors.
Summary - General Mills is well-positioned to address consumer challenges through its strong brands and innovative strategies.
Why It Matters - General Mills' strong brand portfolio and innovative strategies suggest resilience against market challenges, potentially leading to stable performance and growth, appealing to investors seeking reliability.
Summary - General Mills (NYSE: GIS) declared a quarterly dividend of $0.60 per share, payable on November 1, 2024, to shareholders of record by October 10, 2024. The company has paid dividends for 126 years.
Why It Matters - General Mills' consistent dividend payment highlights financial stability and shareholder return, reinforcing investor confidence and potentially attracting income-focused buyers.
Summary - General Mills (GIS) may serve as a hedge against S&P 500 volatility. The company is undergoing a transformation, indicating potential for a significant performance reversal.
Why It Matters - General Mills offers a potential safe haven amid S&P 500 volatility, with signs of a business turnaround that could enhance its stock performance after a prolonged downturn.
Summary - General Mills reported a smaller-than-expected decline in quarterly sales, supported by higher-priced snacks and pet foods amid slowing consumer demand.
Why It Matters - General Mills' smaller-than-expected sales decline indicates resilience in pricing strategy, suggesting potential stability in revenue amidst consumer demand challenges, which can impact stock performance.