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General Mills' stock has declined following a warning from UBS, which indicated that the company's potential for downside earnings has not been adequately reflected in its current pricing. This caution raises concerns about the company's financial outlook moving forward.
General Mills, Inc., a leading global food company, offers a diverse range of products including cereals, prepared meals, frozen vegetables, and pet food under well-known brands like Cheerios, Häagen-Dazs, and Betty Crocker. The company operates primarily in consumer distribution and catering, with the U.S. market representing 80.9% of its net sales. Recent reports indicate that General Mills is facing challenges with market share losses and weak revenue growth.
General Mills, a leading global food company, is experiencing a decline in market share and weak sales growth, as reported by UBS. The company offers a wide range of products, including breakfast cereals, frozen meals, and pet food, with 80.9% of its net sales coming from the United States. Its well-known brands include Cheerios, Pillsbury, and Häagen-Dazs, and it operates in both consumer distribution and catering markets.
UBS has initiated coverage on General Mills with a sell recommendation and a target price of $54, citing potential headwinds including a challenging distribution landscape and a forecasted 0.2% decline in organic growth for fiscal 2026. This outlook contrasts with the company's growth target of 2-3% and reflects broader market sentiment, as 15 analysts have downgraded earnings forecasts. Other concerns include the impact of reinvestments and a divestiture in the yogurt business, leading to expectations of below-average future earnings.
Goldman Sachs has reaffirmed "buy" ratings for Colgate and General Mills, citing growth potential in the pet food sector despite consumer caution due to inflation and geopolitical issues. Colgate's Hill’s Pet Nutrition is expected to drive mid-single-digit organic sales growth, while General Mills aims for 2-3% growth by fiscal year 2027, bolstered by its recent acquisition of Whitebridge to enhance distribution in the pet specialty and e-commerce markets. Both companies are projected to achieve robust revenue growth and margin expansion in the long term.
Nwam LLC acquired a $240,000 stake in General Mills, while Cerity Partners LLC increased its holdings by 9.3%, now owning 261,461 shares valued at $19.3 million. Other firms, including Kingsview Wealth Management and Pitcairn Co., also raised their stakes, contributing to institutional investors owning 75.71% of the stock. General Mills has received mixed ratings from analysts, with a consensus "Hold" and a target price of $65.69, as the company reported a quarterly EPS of $1.00, beating estimates despite a revenue decline of 5.1% year-over-year.
Morgan Stanley has initiated coverage of U.S. packaged food stocks with a cautiously In-Line outlook, highlighting low earnings visibility and rising margin pressures. Among the sector, BellRing Brands is identified as a top pick due to its growth potential and recent pullback creating a favorable entry point. The firm remains Overweight on Mondelez, The J.M. Smucker Company, and Vital Farms, while being Underweight on Kraft Heinz, Kellogg’s, and General Mills due to concerns over weaker trends and earnings visibility.
Morgan Stanley analyst Megan Clapp has initiated coverage on General Mills (NYSE: GIS) with an Underweight rating. A price target has also been set, although specific details were not disclosed. This marks a significant move in the stock market for the company.
General Mills' CEO sold shares at an average price of $65.00, totaling $739,635, reducing their ownership by 3.12%. Institutional investors hold 75.71% of the stock, with recent changes including a 31.6% increase in holdings by Wealth Enhancement Advisory Services LLC. Analysts have lowered price targets for the stock, with a consensus rating of "Hold" and an average target price of $67.06.
An insider at General Mills has reduced their stake by 2.41%, now holding 42,117 shares valued at approximately $2.72 million. Hedge funds have increased their positions, with institutional investors owning 75.71% of the company. Analysts have lowered price targets, with a consensus rating of "Hold" and an average target price of $67.41.
General Mills, Inc.
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