General Mills

GIS · NYSE

$33.43+$0.86 (+2.64%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $32.57

GIS analyst rating

HoldConsensus of 19 analysts over the last 12 months. 16% rate it a buy.

Strong buy0
Buy3
Hold12
Underperform3
Sell1

12-month price target · 20 analysts

Average $38.17 (+14.2% upside)

Low: $30.30
Now: $33.43
High: $50.52

Upgrades and downgrades

The latest rating actions, newest first

GIS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Sep 25, 2026	Maintains	Equal-Weight	$36.00 → $37.00	44%
RBC Capital	Sep 24, 2026	Maintains	Outperform	$45.00	45%
TD Cowen	Sep 24, 2026	Maintains	Hold	$32.00 → $33.00	58%
RBC Capital	Sep 21, 2026	Maintains	Outperform	$45.00	45%
Evercore ISI Group	Sep 14, 2026	Maintains	In-Line	$39.00 → $38.00	45%
B of A Securities	Sep 1, 2026	Maintains	Neutral	$39.00 → $43.00	54%
Freedom Broker	Jul 2, 2026	Maintains	Hold	$70.00 → $42.00	44%
JP Morgan	Jul 2, 2026	Maintains	Underweight	$31.00 → $35.00	40%
BNP Paribas	Jul 2, 2026	Maintains	Neutral	$37.00 → $38.00	44%
Deutsche Bank	Jul 2, 2026	Maintains	Hold	$32.00 → $33.00	62%

The case for and against

Updated Oct 16, 2026

Bull case

General Mills is positioned favorably because its first-quarter results showed both divisions growing 4% and beating estimates, while North America Retail improved 200 bps to -2% and management noted better share trends across most priority categories. International organic growth rose 4% on volume gains of 6%, and North American Foodservice grew 4% with market share gains in 100% of priority businesses, reinforcing the case that recent investments in pricing, innovation, and brand renovation are gaining traction. With about $750M of total cost savings expected, a more stable price/mix backdrop, and management sounding encouraged enough to reiterate guidance, the company appears better positioned to convert operational progress into stronger earnings momentum.

Bear case

General Mills is facing a deteriorating competitive position, with weighted market share down 97 bps in the L12W ending September 5 and fruit snacks down 590 bps as insurgent brands gain ground, while Totino’s and dog food also remain weak. Organic growth is projected to stay negative at -1.5% in 2Q and only recover marginally to +0.1% in 3Q before slipping again, reflecting volume declines, retailer inventory de-loading in Pet, and slower consumer demand amid elevated price sensitivity. Although gross margin reached 33.3% and cost savings helped in 2Q, inflation, fresh dog food cost overruns, and execution risk around turnaround initiatives suggest earnings and margins may remain under pressure.

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