Morgan Stanley Issues Pessimistic Forecast for General Mills (NYSE:GIS) Stock Price

Key Points

• Morgan Stanley has reduced its price target for General Mills from $49.00 to $48.00, indicating a potential downside of 3.84% from the stock's previous closing price.
• General Mills reported $0.74 earnings per share for the last quarter, slightly above the consensus estimate of $0.72, but its revenue declined by 3.3% compared to the same quarter last year.
• Despite mixed ratings from various analysts, the overall average rating for General Mills is currently classified as a "Hold" with a target price of approximately $58.93.

General Mills (NYSE:GIS - Get Free Report) had its price target dropped by research analysts at Morgan Stanley from $49.00 to $48.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Morgan Stanley's price target suggests a potential downside of 3.84% from the stock's previous close.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada upgraded shares of General Mills from a "sector perform" rating to an "outperform" rating and dropped their target price for the stock from $67.00 to $63.00 in a report on Thursday, June 26th. Barclays cut their price objective on shares of General Mills from $60.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, June 26th. The Goldman Sachs Group cut General Mills from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $68.00 to $58.00 in a report on Monday, June 9th. Wells Fargo & Company set a $53.00 price target on General Mills and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, UBS Group reduced their price objective on General Mills from $52.00 to $49.00 and set a "sell" rating for the company in a research report on Thursday, June 26th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $58.93.

General Mills Trading Down 0.0%

General Mills stock traded down $0.00 during mid-day trading on Monday, hitting $49.92. 852,753 shares of the company's stock were exchanged, compared to its average volume of 5,545,899. The company's 50 day simple moving average is $49.97 and its 200-day simple moving average is $54.13. The company has a quick ratio of 0.43, a current ratio of 0.67 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $27.08 billion, a P/E ratio of 12.17, a PEG ratio of 1.26 and a beta of -0.02. General Mills has a fifty-two week low of $48.29 and a fifty-two week high of $75.66.

General Mills (NYSE:GIS - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.60 billion. General Mills had a return on equity of 24.88% and a net margin of 11.78%.The company's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. General Mills has set its FY 2026 guidance at 3.580-3.790 EPS. On average, equities analysts anticipate that General Mills will post 4.36 earnings per share for the current year.

Hedge Funds Weigh In On General Mills

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in General Mills by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 69,346,225 shares of the company's stock valued at $3,592,828,000 after buying an additional 581,045 shares during the last quarter. State Street Corp lifted its position in General Mills by 0.8% during the second quarter. State Street Corp now owns 33,572,271 shares of the company's stock worth $1,739,379,000 after acquiring an additional 250,113 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of General Mills by 1.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 19,307,064 shares of the company's stock worth $1,000,299,000 after acquiring an additional 265,870 shares during the period. Geode Capital Management LLC grew its position in shares of General Mills by 1.1% in the second quarter. Geode Capital Management LLC now owns 15,173,940 shares of the company's stock valued at $786,954,000 after purchasing an additional 170,587 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of General Mills by 8.1% in the first quarter. Ameriprise Financial Inc. now owns 9,864,819 shares of the company's stock valued at $589,814,000 after purchasing an additional 741,432 shares during the last quarter. 75.71% of the stock is owned by institutional investors.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.

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