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Barclays has revised its price target for General Mills, Inc. to $60 from $65. The company is a global leader in the food industry, offering a wide range of products including cereals, prepared meals, frozen foods, and pet food, primarily under well-known brands such as Cheerios and Häagen-Dazs. The U.S. market represents over 80% of its net sales.
Barclays has lowered its price target for General Mills from $65 to $60 while maintaining an Equalweight rating, amid concerns over the company's increased trade and media spending aimed at enhancing consumer value. Despite a 2.62% revenue decline over the past year, General Mills continues to offer a healthy dividend yield of 4.05% and has sustained payments for 55 years. Analysts are closely watching the effectiveness of these investments in driving organic sales growth, as the company reported mixed third-quarter results, exceeding EPS expectations but falling short on revenue.
Barclays has lowered its price target for General Mills from $65 to $60 while maintaining an Equalweight rating, amid concerns over the company's increased trade and media spending aimed at enhancing consumer value. Despite a 2.62% revenue decline over the past year, General Mills continues to offer a healthy dividend yield of 4.05% and has sustained payments for 55 consecutive years. Analysts are closely watching the effectiveness of these investments in driving organic sales growth, as the company reported mixed third-quarter results, exceeding EPS expectations but falling short on revenue forecasts.
Deutsche Bank has lowered its price target for General Mills, Inc. to $57 from $62 while maintaining a hold rating. General Mills is a leading global food company, offering a wide range of products including cereals, prepared meals, frozen foods, and pet food, with the U.S. market representing 80.9% of its net sales.
Citigroup has adjusted its price target for General Mills, Inc. to $57 from $58 while maintaining a neutral rating. General Mills is a leading food group known for its diverse range of products, including cereals, prepared meals, and pet food, with the U.S. market representing 80.9% of its net sales.
BNP Paribas Exane has lowered its price target for General Mills, Inc. to $60 from $66 while maintaining a neutral rating. General Mills is a leading global food company, offering a wide range of products including cereals, prepared meals, frozen foods, and pet food, with the U.S. market representing over 80% of its net sales.
Barclays analyst Andrew Lazar has lowered the price target for General Mills (NYSE: GIS) to $60.00. This adjustment reflects the latest insights and market conditions affecting the company.
General Mills experienced a 2.41% decrease in insider ownership, with company insiders holding 0.26% of the stock. Institutional investors have increased their stakes, with 75.71% of shares owned by hedge funds and other institutions. Analysts have adjusted price targets, with Barclays setting a new target of $65.00, indicating a potential upside of 6.55%. The company reported a quarterly EPS of $1.40, surpassing estimates, and a revenue increase of 2.7% year-over-year. CEO Jeffrey L. Harmening sold shares, reducing his ownership by 3.12%.
Barclays has lowered its price target for General Mills from $68 to $65 while maintaining an Equalweight rating, as the stock trades at $60.94, below analysts' consensus. This adjustment reflects anticipated challenges ahead of the company's Q3 fiscal year 2025 earnings report and recent strategic moves, including acquisitions and divestitures. Analysts from RBC and Citi have also revised their targets, citing concerns over inventory and sales growth, while General Mills continues to innovate with new product launches.
Barclays has lowered its price target for General Mills, Inc. to $65 from $68 while maintaining an equal-weight rating. General Mills is a leading food group known for brands like Cheerios, Häagen-Dazs, and Betty Crocker, with 80.9% of its net sales generated in the United States. The company operates in consumer distribution and catering, providing a wide range of food products and pet food.
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