General Mills (GIS) Stock Forecast & Price Target

$65.00 +0.88 (+1.37%)

(As of 11/22/2024 ET)

General Mills - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
12

Buy
3

Based on 16 Wall Street analysts who have issued ratings for General Mills in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 12 have given a hold rating, and 3 have given a buy rating for GIS.

Consensus Price Target

$72.67
11.79% Upside

According to the 16 analysts' twelve-month price targets for General Mills, the average price target is $72.67. The highest price target for GIS is $84.00, while the lowest price target for GIS is $61.00. The average price target represents a forecasted upside of 11.79% from the current price of $65.00.

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GIS Analyst Ratings Over Time

Type	Current Forecast 11/23/23 to 11/22/24	1 Month Ago 10/24/23 to 10/23/24	3 Months Ago 8/25/23 to 8/24/24	1 Year Ago 11/23/22 to 11/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	14 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$72.67	$73.00	$69.71	$74.94
Forecasted Upside	11.79% Upside	6.45% Upside	-1.59% Downside	15.53% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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GIS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GIS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

General Mills Stock vs. The Competition

Type	General Mills	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.13	2.48	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	11.79% Upside	35.59% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent GIS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$77.00 ➝ $70.00	+8.18%
10/14/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$63.00 ➝ $67.00	-5.10%
9/20/2024	TD Cowen 4 of 5 stars		Boost Target	Hold ➝ Hold	$72.00 ➝ $75.00	+0.43%
9/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$67.00 ➝ $74.00	-0.74%
9/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$70.00 ➝ $82.00	+10.07%
9/19/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$70.00 ➝ $70.00	-5.86%
Get the Latest News and Ratings for GIS and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for General Mills and its competitors with MarketBeat's FREE daily newsletter.
9/19/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$74.00 ➝ $84.00	+12.01%
9/16/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$68.00 ➝ $76.00	+1.05%
9/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$68.00 ➝ $75.00	+2.99%
8/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Jordan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$76.00	+9.95%
7/16/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Conrad Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
7/3/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$70.00 ➝ $62.00	-1.71%
6/28/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$76.00 ➝ $72.00	+13.44%
5/15/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform	$62.00 ➝ $70.00	-1.20%
3/21/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$74.00 ➝ $76.00	+10.98%
3/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$58.00 ➝ $61.00	-10.64%
9/7/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$82.00 ➝ $77.00	+16.90%
9/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$72.00	+8.68%
6/29/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$88.00 ➝ $96.00	+13.21%
12/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$77.00 ➝ $82.00	-1.36%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:51 AM ET.

Should I Buy General Mills Stock? GIS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these General Mills pros and cons to contact@marketbeat.com.

General Mills
Bull Case

Here are some ways that investors could benefit from investing in General Mills, Inc.:

General Mills, Inc. has a strong dividend yield of 3.82%, with a quarterly dividend of $0.60 per share, which can provide a steady income stream for investors.
The company is expected to post earnings per share of 4.51 for the current year, indicating solid profitability and potential for growth.
Recent analyst ratings show a generally positive outlook, with several firms increasing their target prices, suggesting confidence in the stock's future performance.
Hedge funds and institutional investors own 75.71% of General Mills, Inc., indicating strong institutional support and confidence in the company's stability.
The current stock price is around $72.67, which is close to the average target price set by analysts, suggesting it may be fairly valued with potential for appreciation.

General Mills
Bear Case

Investors should be bearish about investing in General Mills, Inc. for these reasons:

Insider selling has occurred, with 66,555 shares sold recently, which may indicate a lack of confidence from those closest to the company.
The dividend payout ratio is 57.14%, which, while sustainable, suggests that a significant portion of earnings is being returned to shareholders rather than reinvested in growth.
Despite positive ratings, one investment analyst has issued a sell rating, indicating some skepticism about the stock's future performance.
General Mills operates in a competitive market, and any shifts in consumer preferences or economic conditions could impact its sales and profitability.
Recent fluctuations in commodity prices could affect the cost structure of General Mills, Inc., potentially squeezing margins and impacting earnings.

GIS Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for General Mills is $72.67, with a high forecast of $84.00 and a low forecast of $61.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last year. There is currently 1 sell rating, 12 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GIS, but not buy additional shares or sell existing shares.
: According to analysts, General Mills's stock has a predicted upside of 11.79% based on their 12-month stock forecasts.
: General Mills has been rated by research analysts at Bank of America, Barclays, Citigroup, JPMorgan Chase & Co., Piper Sandler, Royal Bank of Canada, Stifel Nicolaus, TD Cowen, and Wells Fargo & Company in the past 90 days.
: Analysts like General Mills less than other "consumer staples" companies. The consensus rating score for General Mills is 2.13 while the average consensus rating score for "consumer staples" companies is 2.48. Learn more on how GIS compares to other companies.

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This page (NYSE:GIS) was last updated on 11/22/2024 by MarketBeat.com Staff

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General Mills (GIS) Stock Forecast & Price Target