General Mills (NYSE:GIS) Hits New 12-Month Low - Here's What Happened

Key Points

• General Mills hit a new 52-week low of $33.58 and last traded near $34.15 on heavy volume, trading well below its 50‑day ($38.57) and 200‑day ($43.75) moving averages.
• Analysts have trimmed ratings and targets—UBS cut its target to $35 and issued a sell, Wells Fargo downgraded to underweight with a $33 target—and the consensus rating is "Reduce" with a $43.22 consensus target.
• The company missed quarterly expectations, reporting $0.64 EPS vs. $0.73 expected and revenue of $4.44B (down 8.4% year‑over‑year), signaling weakening top‑line momentum.

General Mills, Inc. (NYSE:GIS - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $33.58 and last traded at $34.1470, with a volume of 2396836 shares traded. The stock had previously closed at $34.43.

Analyst Ratings Changes

Several equities analysts recently weighed in on GIS shares. Royal Bank Of Canada reduced their target price on General Mills from $60.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, March 19th. UBS Group reduced their target price on General Mills from $40.00 to $35.00 and set a "sell" rating on the stock in a research report on Thursday, March 19th. Evercore set a $45.00 target price on General Mills in a research report on Wednesday, February 18th. Wells Fargo & Company downgraded General Mills from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $35.00 to $33.00 in a research report on Wednesday, April 8th. Finally, Weiss Ratings downgraded General Mills from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $43.22.

General Mills Trading Up 0.4%

The business has a fifty day moving average price of $38.57 and a 200 day moving average price of $43.75. The company has a market capitalization of $18.45 billion, a PE ratio of 8.47 and a beta of -0.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.56.

General Mills (NYSE:GIS - Get Free Report) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.09). The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.53 billion. General Mills had a return on equity of 19.19% and a net margin of 12.05%.The business's revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 earnings per share. Analysts expect that General Mills, Inc. will post 3.44 EPS for the current fiscal year.

Hedge Funds Weigh In On General Mills

A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of General Mills by 24.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,659 shares of the company's stock worth $397,000 after purchasing an additional 2,104 shares during the period. MASTERINVEST Kapitalanlage GmbH grew its stake in shares of General Mills by 21.1% in the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 39,022 shares of the company's stock valued at $1,452,000 after buying an additional 6,789 shares in the last quarter. Signet Financial Management LLC grew its stake in shares of General Mills by 29.6% in the first quarter. Signet Financial Management LLC now owns 16,864 shares of the company's stock valued at $628,000 after buying an additional 3,853 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of General Mills by 163.4% in the first quarter. Sanctuary Advisors LLC now owns 81,014 shares of the company's stock valued at $3,015,000 after buying an additional 50,258 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in shares of General Mills by 49.5% in the first quarter. Sigma Planning Corp now owns 59,287 shares of the company's stock valued at $2,207,000 after buying an additional 19,634 shares in the last quarter. 75.71% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.