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General Mills (GIS) Stock Forecast, Price Target & Predictions

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GIS Stock Forecast

General Mills stock forecast is as follows: an average price target of $75.50 (represents a 26.04% upside from GIS’s last price of $59.90) and a rating consensus of 'Hold', based on 22 wall street analysts offering a 1-year stock forecast.

GIS Price Target

The average price target for General Mills (GIS) is $75.50 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $84.00 to $67.00. This represents a potential 26.04% upside from GIS's last price of $59.90.

GIS Analyst Ratings

Hold

According to 22 Wall Street analysts, General Mills's rating consensus is 'Hold'. The analyst rating breakdown for GIS stock is 0 'Strong Buy' (0.00%), 7 'Buy' (31.82%), 13 'Hold' (59.09%), 2 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).

General Mills Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 19, 2024Steve PowersDeutsche Bank$68.00$66.142.81%13.52%
Sep 20, 2024Andrew LazarBarclays$74.00$74.90-1.20%23.54%
Sep 19, 2024Matthew SmithStifel Nicolaus$82.00$74.4310.17%36.89%
Sep 19, 2024Michael LaveryPiper Sandler$84.00$75.0111.99%40.23%
Sep 18, 2024Thomas PalmerCitigroup$75.00$75.01-0.01%25.21%
Sep 17, 2024Bryan SpillaneBank of America Securities$78.00$74.744.36%30.22%
Sep 16, 2024Thomas PalmerCoker Palmer$76.00$73.713.11%26.88%
Sep 13, 2024Chris CareyWells Fargo$67.00$72.86-8.04%11.85%
Jul 05, 2024John BaumgartnerMizuho Securities$62.00$62.88-1.40%3.51%
Jun 27, 2024Matthew SmithStifel Nicolaus$70.00$64.179.09%16.86%
Jun 21, 2024Nik ModiRBC Capital$70.00$67.563.61%16.86%
May 15, 2024Alexia HowardBernstein$70.00$70.85-1.20%16.86%
Apr 05, 2024Taylor ConradArgus Research$84.00$70.3819.35%40.23%
Mar 21, 2024Alejandro ZamaconaHSBC$72.00$68.784.67%20.20%
Mar 21, 2024Ken GoldmanJ.P. Morgan$70.00$68.781.77%16.86%
Mar 21, 2024Alejandro ZamaconaHSBC$76.00$68.7610.53%26.88%
Mar 21, 2024John BaumgartnerMizuho Securities$70.00$68.761.80%16.86%
Mar 21, 2024Steve PowersDeutsche Bank$70.00$68.761.80%16.86%
Mar 20, 2024Arun SundaramCFRA$76.00$69.439.46%26.88%
Dec 22, 2023John BaumgartnerMizuho Securities$65.00$64.360.99%8.51%
Dec 19, 2023Michael LaveryPiper Sandler$76.00$66.4114.44%26.88%
Nov 06, 2023David ColemanArgus Research$90.00$65.5337.33%50.25%
Jun 29, 2023Pamela KaufmanMorgan Stanley$72.00$76.40-5.76%20.20%
Jun 27, 2023Robert MoskowCredit Suisse$82.00$81.850.18%36.89%
Jun 27, 2023Matthew SmithStifel Nicolaus$95.00$81.8516.07%58.60%
Jun 27, 2023Ken GoldmanJ.P. Morgan$77.00$81.85-5.92%28.55%
Jan 03, 2023Wells Fargo$88.00$82.906.15%46.91%
Dec 21, 2022UBS$85.00$83.931.27%41.90%
Dec 21, 2022Nik ModiRBC Capital$76.00$83.13-8.58%26.88%
Dec 20, 2022Morgan Stanley$73.00$84.02-13.12%21.87%
Dec 15, 2022Piper Sandler$95.00$87.338.78%58.60%
Nov 15, 2022BNP Paribas$90.00$77.0616.80%50.25%
Sep 22, 2022Robert MoskowCredit Suisse$77.00$80.99-4.93%28.55%
Sep 22, 2022BMO Capital$85.00$80.585.49%41.90%
Sep 22, 2022Morgan Stanley$71.00$80.67-11.99%18.53%
Sep 22, 2022Robert MoskowCredit Suisse$81.00$79.721.61%35.23%
Sep 22, 2022Credit Suisse$77.00$80.48-4.32%28.55%
Sep 22, 2022Deutsche Bank$88.00$79.7210.39%46.91%
Sep 22, 2022Michael LaveryPiper Sandler$88.00$79.7210.39%46.91%
Sep 13, 2022Pamela KaufmanMorgan Stanley$66.00$75.01-12.01%10.18%
Jul 01, 2022RBC Capital$68.00$75.45-9.87%13.52%
Jun 30, 2022Deutsche Bank$81.00$74.648.52%35.23%
Jun 30, 2022Citigroup$88.00$74.7217.77%46.91%
Jun 30, 2022BMO Capital$80.00$74.727.07%33.56%
Jun 30, 2022Piper Sandler$80.00$74.727.07%33.56%
Feb 27, 2022Christopher GroweStifel Nicolaus$64.00$67.99-5.87%6.84%
Jan 31, 2022Robert MoskowCredit Suisse$68.00$68.18-0.26%13.52%
Jan 11, 2022Pamela KaufmanMorgan Stanley$56.00$68.03-17.68%-6.51%
Jan 05, 2022Bryan SpillaneBank of America Securities$70.00$67.793.26%16.86%
Dec 22, 2021Wendy NicholsonCitigroup$73.00$64.7312.78%21.87%
Jun 30, 2021Jason EnglishGoldman Sachs$53.00$59.04-10.23%-11.52%

The latest General Mills stock forecast, released on Dec 19, 2024 by Steve Powers from Deutsche Bank, set a price target of $68.00, which represents a 2.81% increase from the stock price at the time of the forecast ($66.14), and a 13.52% increase from GIS last price ($59.90).

General Mills Price Target by Period

1M3M12M
# Anlaysts-119
Avg Price Target-$68.00$73.37
Last Closing Price$59.90$59.90$59.90
Upside/Downside-100.00%13.52%22.49%

In the current month, the average price target of General Mills stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to General Mills's last price of $59.90. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 19, 2024Deutsche BankHoldHoldHold
Sep 20, 2024Cowen & Co.HoldHoldHold
Sep 20, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 19, 2024Piper SandlerOverweightOverweightHold
Sep 16, 2024CitigroupNeutralNeutralHold
Sep 13, 2024RBC CapitalSector PerformSector PerformHold
Sep 13, 2024Wells FargoEqual-WeightEqual-WeightHold
Jun 27, 2024OppenheimerOutperformOutperformHold
Jun 27, 2024Goldman SachsSellSellHold
Jun 27, 2024JMP SecuritiesMarket OutperformMarket OutperformHold
Jun 27, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
Jun 27, 2024Canaccord GenuityBuyBuyHold
Jun 26, 2024CitigroupNeutralNeutralHold
Jun 21, 2024RBC CapitalSector PerformSector PerformHold
May 15, 2024BernsteinMarket PerformUpgrade
Mar 21, 2024Wells FargoEqual-WeightEqual-WeightHold
Mar 21, 2024Cowen & Co.Market PerformMarket PerformHold
Mar 21, 2024Morgan StanleyUnderweightUnderweightHold
Mar 21, 2024HSBCHoldHoldHold
Mar 20, 2024CFRAHoldUpgrade
Mar 20, 2024Piper SandlerOverweightOverweightHold
Dec 22, 2023Mizuho SecuritiesNeutralNeutralHold
Dec 19, 2023Morgan StanleyUnderweightUnderweightHold
Dec 19, 2023Piper SandlerOverweightOverweightHold
Nov 06, 2023Piper SandlerOverweightOverweightHold
Sep 21, 2023Mizuho SecuritiesNeutralNeutralHold
Sep 21, 2023Morgan StanleyUnderweightUnderweightHold
Sep 21, 2023Goldman SachsSellSellHold
Sep 19, 2023Cowen & Co.Market PerformInitialise
Sep 19, 2023Deutsche BankHoldHoldHold
Jul 14, 2023Argus ResearchBuyUpgrade
Jun 29, 2023Morgan StanleyMixedMixedHold
Jun 27, 2023Credit SuisseNeutralNeutralHold
Jun 27, 2023Deutsche BankHoldHoldHold
Mar 27, 2023BarclaysEqual-WeightEqual-WeightHold
Mar 27, 2023UBSNeutralNeutralHold
Mar 27, 2023UBSBuyBuyHold
Jan 03, 2023Wells FargoEqual-WeightInitialise
Dec 21, 2022Credit SuisseNeutralNeutralHold
Dec 21, 2022RBC CapitalSector PerformSector PerformHold
Dec 21, 2022UBSNeutralNeutralHold
Dec 20, 2022Morgan StanleyUnderweightUnderweightHold
Dec 15, 2022Piper SandlerOverweightOverweightHold
Nov 15, 2022Exane BNP ParibasOutperformInitialise
Oct 10, 2022Goldman SachsSellSellHold
Sep 22, 2022BMO CapitalMarket PerformMarket PerformHold
Sep 22, 2022Credit SuisseNeutralNeutralHold
Sep 22, 2022Piper SandlerOverweightOverweightHold
Sep 22, 2022Deutsche BankBuyBuyHold
Sep 13, 2022Morgan StanleyUnderweightUnderweightHold
Jul 01, 2022Morgan StanleyUnderweightUnderweightHold
Jun 30, 2022Deutsche BankBuyBuyHold
Jun 30, 2022CitigroupBuyBuyHold
Jun 30, 2022BMO CapitalMarket PerformMarket PerformHold
Jun 30, 2022Piper SandlerOverweightOverweightHold
May 26, 2022Deutsche BankBuyBuyHold
Feb 23, 2022Deutsche BankBuyBuyHold
Jan 16, 2022Morgan StanleyUnderweightUnderweightHold
Dec 18, 2021Deutsche BankBuyBuyHold

General Mills's last stock rating was published by Deutsche Bank on Dec 19, 2024. The company gave GIS a "Hold" rating, the same as its previous rate.

General Mills Financial Forecast

General Mills Revenue Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
Revenue-------------$5.10B$5.14B$4.90B$5.03B$5.13B$5.22B$4.72B$4.89B$4.54B$5.02B$4.54B$4.52B$4.52B$4.72B$4.36B$5.02B$4.18B
Avg Forecast$4.79B$4.92B$5.09B$4.70B$5.05B$5.00B$5.16B$4.78B$4.81B$5.05B$5.14B$4.80B$4.85B$4.97B$5.35B$4.88B$5.18B$4.97B$5.07B$4.72B$4.80B$4.54B$4.84B$4.30B$4.36B$4.45B$4.65B$4.22B$4.98B$4.21B
High Forecast$4.81B$4.95B$5.12B$4.72B$5.07B$5.02B$5.19B$4.80B$4.84B$5.07B$5.19B$4.81B$4.85B$4.97B$5.43B$4.91B$5.20B$4.99B$6.09B$4.76B$4.85B$4.59B$4.88B$4.34B$4.40B$4.49B$4.69B$4.26B$5.03B$4.24B
Low Forecast$4.75B$4.89B$5.06B$4.67B$5.01B$4.96B$5.13B$4.74B$4.78B$5.02B$5.10B$4.79B$4.85B$4.97B$5.24B$4.85B$5.14B$4.94B$4.06B$4.67B$4.76B$4.50B$4.79B$4.26B$4.32B$4.41B$4.60B$4.18B$4.94B$4.17B
# Analysts44854863399455105551344455556333
Surprise %-------------1.03%0.96%1.00%0.97%1.03%1.03%1.00%1.02%1.00%1.04%1.06%1.04%1.01%1.02%1.03%1.01%0.99%

General Mills's average Quarter revenue forecast for May 24 based on 5 analysts is $4.85B, with a low forecast of $4.85B, and a high forecast of $4.85B. GIS's average Quarter revenue forecast represents a -4.82% decrease compared to the company's last Quarter revenue of $5.10B (Feb 24).

General Mills EBITDA Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts44854863399455105551344455556333
EBITDA-------------$910.70M$811.80M$1.07B$818.20M$705.60M$961.60M$361.30M$1.04B$823.10M$805.30M$845.80M$567.90M$811.10M$926.20M$844.70M$785.00M$611.20M
Avg Forecast$1.00B$1.03B$1.07B$985.66M$1.06B$1.05B$1.08B$1.00B$1.01B$1.06B$1.08B$1.01B$1.02B$1.16B$1.12B$1.02B$1.09B$1.06B$854.70M$940.61M$957.83M$960.65M$964.69M$857.53M$870.01M$938.94M$926.62M$840.84M$993.74M$711.51M
High Forecast$1.01B$1.04B$1.07B$990.42M$1.06B$1.05B$1.09B$1.01B$1.01B$1.06B$1.09B$1.01B$1.02B$1.39B$1.14B$1.03B$1.09B$1.27B$1.03B$949.06M$966.44M$1.15B$973.35M$865.23M$877.82M$1.13B$934.94M$848.39M$1.00B$853.82M
Low Forecast$997.38M$1.03B$1.06B$979.12M$1.05B$1.04B$1.08B$995.10M$1.00B$1.05B$1.07B$1.00B$1.02B$929.91M$1.10B$1.02B$1.08B$845.37M$683.76M$931.80M$948.86M$768.52M$955.65M$849.49M$861.85M$751.15M$917.94M$832.96M$984.43M$569.21M
Surprise %-------------0.78%0.72%1.04%0.75%0.67%1.13%0.38%1.09%0.86%0.83%0.99%0.65%0.86%1.00%1.00%0.79%0.86%

5 analysts predict GIS's average Quarter EBITDA for May 24 to be $1.02B, with a high of $1.02B and a low of $1.02B. This is 11.79% upper than General Mills's previous annual EBITDA (Feb 24) of $910.70M.

General Mills Net Income Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts44854863399455105551344455556333
Net Income-------------$13.20M$595.50M$673.50M$13.40M$553.10M$605.90M$820.00M$822.80M$632.70M$575.40M$627.00M$416.80M$595.70M$688.40M$638.90M$625.70M$454.10M
Avg Forecast$614.26M$643.90M$798.47M$644.82M$595.40M$600.08M$756.67M$605.52M$526.59M$557.96M$682.43M$593.47M$556.59M$706.68M$647.57M$606.24M$597.14M$642.43M$669.81M$565.37M$568.65M$584.03M$592.65M$500.84M$476.78M$609.88M$548.72M$494.82M$599.84M$448.13M
High Forecast$618.12M$647.95M$803.49M$648.87M$599.13M$603.85M$761.42M$609.33M$529.90M$574.87M$699.21M$595.44M$556.65M$848.01M$664.46M$610.05M$600.89M$770.92M$803.77M$571.97M$575.29M$700.84M$599.57M$506.69M$482.34M$731.86M$555.12M$500.60M$606.85M$537.75M
Low Forecast$608.95M$638.34M$791.58M$639.25M$590.26M$594.90M$750.13M$600.29M$522.05M$535.42M$671.24M$591.51M$556.53M$565.34M$625.05M$601.01M$591.98M$513.95M$535.84M$558.48M$561.73M$467.22M$585.43M$494.74M$470.97M$487.91M$542.04M$488.80M$592.54M$358.50M
Surprise %-------------0.02%0.92%1.11%0.02%0.86%0.90%1.45%1.45%1.08%0.97%1.25%0.87%0.98%1.25%1.29%1.04%1.01%

General Mills's average Quarter net income forecast for May 24 is $556.59M, with a range of $556.53M to $556.65M. GIS's average Quarter net income forecast represents a 4116.59% increase compared to the company's last Quarter net income of $13.20M (Feb 24).

General Mills SG&A Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts44854863399455105551344455556333
SG&A-------------$790.90M$830.50M$839.30M$867.90M$946.90M$894.20M$791.40M$809.40M$751.40M$828.80M$757.40M$823.00M$716.30M$804.10M$736.20M$927.10M$746.60M
Avg Forecast$816.28M$839.56M$868.15M$801.33M$860.45M$851.88M$880.04M$814.41M$820.73M$862.00M$876.88M$818.79M$827.70M$839.26M$913.04M$832.76M$882.78M$762.96M$963.78M$791.82M$806.32M$693.60M$812.09M$721.88M$732.38M$733.35M$780.04M$707.83M$836.55M$736.78M
High Forecast$820.22M$843.62M$872.34M$805.20M$864.60M$856.00M$884.29M$818.34M$824.70M$865.40M$885.38M$820.75M$827.70M$1.01B$926.72M$836.79M$887.04M$915.55M$1.16B$798.93M$813.56M$832.32M$819.38M$728.36M$738.96M$880.03M$787.05M$714.19M$844.06M$884.13M
Low Forecast$810.85M$833.98M$862.38M$796.00M$854.73M$846.22M$874.19M$809.00M$815.28M$856.89M$870.09M$816.83M$827.70M$671.40M$894.24M$827.23M$876.91M$610.37M$771.02M$784.40M$798.76M$554.88M$804.48M$715.12M$725.52M$586.68M$772.73M$701.20M$828.71M$589.42M
Surprise %-------------0.94%0.91%1.01%0.98%1.24%0.93%1.00%1.00%1.08%1.02%1.05%1.12%0.98%1.03%1.04%1.11%1.01%

General Mills's average Quarter SG&A projection for May 24 is $827.70M, based on 5 Wall Street analysts, with a range of $827.70M to $827.70M. The forecast indicates a 4.65% rise compared to GIS last annual SG&A of $790.90M (Feb 24).

General Mills EPS Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts44854863399455105551344455556333
EPS-------------$1.18$1.03$1.15$1.04$0.94$1.01$1.37$1.36$1.04$0.95$1.03$0.68$0.97$1.12$1.04$1.03$0.75
Avg Forecast$1.10$1.15$1.42$1.15$1.06$1.07$1.35$1.08$0.94$1.00$1.22$1.06$0.99$1.05$1.16$1.08$1.07$0.92$1.95$1.00$1.01$0.78$1.05$0.89$0.85$0.84$0.97$0.88$1.06$0.76
High Forecast$1.10$1.16$1.43$1.16$1.07$1.08$1.36$1.09$0.95$1.03$1.25$1.06$0.99$1.05$1.19$1.09$1.07$0.93$1.99$1.01$1.02$0.79$1.06$0.90$0.86$0.85$0.98$0.89$1.08$0.77
Low Forecast$1.09$1.14$1.41$1.14$1.05$1.06$1.34$1.07$0.93$0.96$1.20$1.06$0.99$1.05$1.12$1.07$1.06$0.92$1.93$0.99$1.00$0.77$1.04$0.88$0.84$0.83$0.96$0.87$1.05$0.75
Surprise %-------------1.13%0.89%1.06%0.98%1.02%0.52%1.37%1.35%1.33%0.90%1.16%0.80%1.16%1.15%1.18%0.97%0.99%

According to 5 Wall Street analysts, General Mills's projected average Quarter EPS for May 24 is $0.99, with a low estimate of $0.99 and a high estimate of $0.99. This represents a -15.83% decrease compared to GIS previous annual EPS of $1.18 (Feb 24).

General Mills Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LWLamb Weston$61.51$83.5035.75%Buy
CPBCampbell Soup$38.67$52.1334.81%Hold
CAGConagra Brands$25.90$33.0027.41%Hold
GISGeneral Mills$59.90$75.5026.04%Hold
SJMJ. M. Smucker$105.89$127.7520.64%Hold
KHCKraft Heinz$29.66$35.7520.53%Buy
MKCMcCormick$76.93$84.509.84%Hold
HRLHormel Foods$30.18$32.006.03%Hold
KKellogg$81.77$80.64-1.38%Hold

GIS Forecast FAQ

Is General Mills a good buy?

No, according to 22 Wall Street analysts, General Mills (GIS) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 31.82% of GIS's total ratings.

What is GIS's price target?

General Mills (GIS) average price target is $75.5 with a range of $67 to $84, implying a 26.04% from its last price of $59.9. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will General Mills stock go up soon?

According to Wall Street analysts' prediction for GIS stock, the company can go up by 26.04% (from the last price of $59.9 to the average price target of $75.5), up by 40.23% based on the highest stock price target, and up by 11.85% based on the lowest stock price target.

Can General Mills stock reach $90?

GIS's average twelve months analyst stock price target of $75.5 does not support the claim that General Mills can reach $90 in the near future.

What are General Mills's analysts' financial forecasts?

General Mills's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $19.98B (high $20.07B, low $19.84B), average EBITDA is $4.19B (high $4.21B, low $4.16B), average net income is $2.56B (high $2.57B, low $2.54B), average SG&A $3.41B (high $3.42B, low $3.38B), and average EPS is $4.56 (high $4.59, low $4.52). GIS's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $19.5B (high $19.59B, low $19.37B), average EBITDA is $4.09B (high $4.11B, low $4.06B), average net income is $2.7B (high $2.72B, low $2.68B), average SG&A $3.33B (high $3.34B, low $3.3B), and average EPS is $4.82 (high $4.85, low $4.78).

Did the GIS's actual financial results beat the analysts' financial forecasts?

Based on General Mills's last annual report (May 2023), the company's revenue was $20.09B, beating the average analysts forecast of $19.94B by 0.78%. Apple's EBITDA was $3.2B, missing the average prediction of $3.94B by -18.65%. The company's net income was $2.59B, beating the average estimation of $2.47B by 4.81%. Apple's SG&A was $3.5B, beating the average forecast of $3.4B by 2.91%. Lastly, the company's EPS was $4.36, missing the average prediction of $4.95 by -11.87%. In terms of the last quarterly report (Feb 2024), General Mills's revenue was $5.1B, beating the average analysts' forecast of $4.97B by 2.62%. The company's EBITDA was $910.7M, missing the average prediction of $1.16B by -21.65%. General Mills's net income was $13.2M, missing the average estimation of $706.68M by -98.13%. The company's SG&A was $790.9M, missing the average forecast of $839.26M by -5.76%. Lastly, the company's EPS was $1.18, beating the average prediction of $1.05 by 12.87%