General Mills (GIS) Stock Forecast, Price Target & Predictions
GIS Stock Forecast
General Mills stock forecast is as follows: an average price target of $74.40 (represents a -0.31% downside from GIS’s last price of $74.63) 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 $74.40 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $53.00. This represents a potential -0.31% downside from GIS's last price of $74.63.
GIS Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 16, 2024 | Thomas Palmer | Coker Palmer | $76.00 | $73.71 | 3.11% | 1.84% |
| Sep 13, 2024 | Chris Carey | Wells Fargo | $67.00 | $72.86 | -8.04% | -10.22% |
| Jul 05, 2024 | John Baumgartner | Mizuho Securities | $62.00 | $62.88 | -1.40% | -16.92% |
| Jun 27, 2024 | Matthew Smith | Stifel Nicolaus | $70.00 | $64.17 | 9.09% | -6.20% |
| Jun 21, 2024 | Nik Modi | RBC Capital | $70.00 | $67.56 | 3.61% | -6.20% |
| May 15, 2024 | Alexia Howard | Bernstein | $70.00 | $70.85 | -1.20% | -6.20% |
| Apr 05, 2024 | Taylor Conrad | Argus Research | $84.00 | $70.38 | 19.35% | 12.56% |
| Mar 21, 2024 | Alejandro Zamacona | HSBC | $72.00 | $68.78 | 4.67% | -3.52% |
| Mar 21, 2024 | Ken Goldman | J.P. Morgan | $70.00 | $68.78 | 1.77% | -6.20% |
| Mar 21, 2024 | Alejandro Zamacona | HSBC | $76.00 | $68.76 | 10.53% | 1.84% |
The latest General Mills stock forecast, released on Sep 16, 2024 by Thomas Palmer from Coker Palmer, set a price target of $76.00, which represents a 3.11% increase from the stock price at the time of the forecast ($73.71), and a 1.84% increase from GIS last price ($74.63).
General Mills Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 5 | 16 |
| Avg Price Target | $71.50 | $69.00 | $72.75 |
| Last Closing Price | $74.63 | $74.63 | $74.63 |
| Upside/Downside | -4.19% | -7.54% | -2.52% |
In the current month, the average price target of General Mills stock is $71.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -4.19% decrease as opposed to General Mills's last price of $74.63. This month's average price target is up 3.62% compared to last quarter, and down -1.72% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Citigroup | Neutral | Neutral | Hold |
| Sep 13, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Sep 13, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jun 27, 2024 | Canaccord Genuity | Buy | Buy | Hold |
| Jun 27, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Jun 27, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Jun 27, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jun 27, 2024 | Goldman Sachs | Sell | Sell | Hold |
| Jun 26, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jun 21, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
General Mills's last stock rating was published by Citigroup on Sep 16, 2024. The company gave GIS a "Neutral" rating, the same as its previous rate.
General Mills Financial Forecast
General Mills Revenue Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 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 | $4.87B | $5.16B | $5.14B | $4.78B | $5.01B | $5.20B | $5.18B | $4.83B | $4.84B | $5.16B | $5.13B | $4.79B | $4.85B | $4.97B | $5.35B | $4.88B | $5.18B | $4.97B | $5.19B | $4.37B | $4.80B | $4.54B | $4.84B | $4.30B | $4.36B | $4.45B | $4.65B | $4.22B | $4.98B | $4.21B |
| High Forecast | $4.87B | $5.16B | $5.14B | $4.78B | $5.01B | $5.20B | $5.18B | $4.83B | $4.84B | $5.16B | $5.13B | $4.84B | $4.85B | $4.97B | $5.43B | $4.88B | $5.18B | $4.97B | $5.19B | $5.24B | $5.77B | $4.60B | $4.90B | $4.36B | $4.42B | $4.51B | $4.71B | $4.27B | $5.05B | $4.26B |
| Low Forecast | $4.87B | $5.16B | $5.14B | $4.78B | $5.01B | $5.20B | $5.18B | $4.83B | $4.84B | $5.16B | $5.13B | $4.74B | $4.85B | $4.97B | $5.24B | $4.88B | $5.18B | $4.97B | $5.19B | $3.50B | $3.84B | $4.50B | $4.79B | $4.26B | $4.32B | $4.41B | $4.60B | $4.18B | $4.93B | $4.16B |
| # Analysts | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 10 | 5 | 5 | 10 | 5 | 5 | 9 | 14 | 18 | 11 | 4 | 5 | 5 | 5 | 6 | 6 | 3 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.96% | 1.00% | 0.97% | 1.03% | 1.01% | 1.08% | 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 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 10 | 5 | 5 | 10 | 5 | 5 | 9 | 14 | 18 | 11 | 4 | 5 | 5 | 5 | 6 | 6 | 3 | 3 | 3 |
| 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 | $970.99M | $1.03B | $1.02B | $953.86M | $998.55M | $1.04B | $1.03B | $963.07M | $964.29M | $1.03B | $1.02B | $954.88M | $967.55M | $1.16B | $1.07B | $973.47M | $1.03B | $1.06B | $1.04B | $906.39M | $977.52M | $960.65M | $777.00M | $823.99M | $605.87M | $938.94M | $931.53M | $812.98M | $869.50M | $711.51M |
| High Forecast | $970.99M | $1.03B | $1.02B | $953.86M | $998.55M | $1.04B | $1.03B | $963.07M | $964.29M | $1.03B | $1.02B | $964.87M | $967.55M | $1.39B | $1.08B | $973.47M | $1.03B | $1.27B | $1.04B | $1.09B | $1.17B | $1.15B | $932.40M | $988.78M | $727.05M | $1.13B | $1.12B | $975.58M | $1.04B | $853.82M |
| Low Forecast | $970.99M | $1.03B | $1.02B | $953.86M | $998.55M | $1.04B | $1.03B | $963.07M | $964.29M | $1.03B | $1.02B | $944.90M | $967.55M | $929.91M | $1.05B | $973.47M | $1.03B | $845.37M | $1.04B | $725.11M | $782.02M | $768.52M | $621.60M | $659.19M | $484.70M | $751.15M | $745.22M | $650.38M | $695.60M | $569.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.76% | 1.10% | 0.79% | 0.67% | 0.93% | 0.40% | 1.07% | 0.86% | 1.04% | 1.03% | 0.94% | 0.86% | 0.99% | 1.04% | 0.90% | 0.86% |
5 analysts predict GIS's average Quarter EBITDA for May 24 to be $967.55M, with a high of $967.55M and a low of $967.55M. This is 6.24% upper than General Mills's previous annual EBITDA (Feb 24) of $910.70M.
General Mills Net Income Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 10 | 5 | 5 | 10 | 5 | 5 | 9 | 14 | 18 | 11 | 4 | 5 | 5 | 5 | 6 | 6 | 3 | 3 | 3 |
| 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 | $683.66M | $720.53M | $769.34M | $666.07M | $650.68M | $692.52M | $729.10M | $633.33M | $603.39M | $661.78M | $699.02M | $602.49M | $566.52M | $706.68M | $659.13M | $617.06M | $607.80M | $642.43M | $607.60M | $603.49M | $733.19M | $584.03M | $608.91M | $548.63M | $376.63M | $609.88M | $624.53M | $543.43M | $602.09M | $448.13M |
| High Forecast | $683.66M | $720.53M | $769.34M | $666.07M | $650.68M | $692.52M | $729.10M | $633.33M | $603.39M | $661.78M | $699.02M | $619.70M | $566.52M | $848.01M | $676.32M | $617.06M | $607.80M | $770.92M | $607.60M | $724.18M | $879.83M | $700.84M | $730.70M | $658.35M | $451.95M | $731.86M | $749.43M | $652.12M | $722.51M | $537.75M |
| Low Forecast | $683.66M | $720.53M | $769.34M | $666.07M | $650.68M | $692.52M | $729.10M | $633.33M | $603.39M | $661.78M | $699.02M | $573.79M | $566.52M | $565.34M | $636.20M | $617.06M | $607.80M | $513.95M | $607.60M | $482.79M | $586.55M | $467.22M | $487.13M | $438.90M | $301.30M | $487.91M | $499.62M | $434.75M | $481.67M | $358.50M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.02% | 0.90% | 1.09% | 0.02% | 0.86% | 1.00% | 1.36% | 1.12% | 1.08% | 0.94% | 1.14% | 1.11% | 0.98% | 1.10% | 1.18% | 1.04% | 1.01% |
General Mills's average Quarter net income forecast for May 24 is $566.52M, with a range of $566.52M to $566.52M. GIS's average Quarter net income forecast represents a 4191.83% increase compared to the company's last Quarter net income of $13.20M (Feb 24).
General Mills SG&A Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 10 | 5 | 5 | 10 | 5 | 5 | 9 | 14 | 18 | 11 | 4 | 5 | 5 | 5 | 6 | 6 | 3 | 3 | 3 |
| 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 | $817.40M | $865.57M | $862.56M | $802.97M | $840.59M | $873.47M | $869.08M | $810.73M | $811.76M | $865.45M | $860.12M | $803.83M | $814.49M | $839.26M | $898.48M | $819.48M | $868.69M | $762.96M | $871.60M | $729.00M | $721.25M | $693.60M | $876.16M | $662.73M | $743.67M | $733.35M | $729.49M | $626.19M | $892.12M | $736.78M |
| High Forecast | $817.40M | $865.57M | $862.56M | $802.97M | $840.59M | $873.47M | $869.08M | $810.73M | $811.76M | $865.45M | $860.12M | $812.24M | $814.49M | $1.01B | $911.94M | $819.48M | $868.69M | $915.55M | $871.60M | $874.80M | $865.50M | $832.32M | $1.05B | $795.27M | $892.41M | $880.03M | $875.39M | $751.43M | $1.07B | $884.13M |
| Low Forecast | $817.40M | $865.57M | $862.56M | $802.97M | $840.59M | $873.47M | $869.08M | $810.73M | $811.76M | $865.45M | $860.12M | $795.43M | $814.49M | $671.40M | $879.97M | $819.48M | $868.69M | $610.37M | $871.60M | $583.20M | $577.00M | $554.88M | $700.93M | $530.18M | $594.94M | $586.68M | $583.59M | $500.95M | $713.69M | $589.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.92% | 1.02% | 1.00% | 1.24% | 1.03% | 1.09% | 1.12% | 1.08% | 0.95% | 1.14% | 1.11% | 0.98% | 1.10% | 1.18% | 1.04% | 1.01% |
General Mills's average Quarter SG&A projection for May 24 is $814.49M, based on 5 Wall Street analysts, with a range of $814.49M to $814.49M. The forecast indicates a 2.98% rise compared to GIS last annual SG&A of $790.90M (Feb 24).
General Mills EPS Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 10 | 5 | 5 | 10 | 5 | 5 | 9 | 14 | 18 | 11 | 4 | 5 | 5 | 5 | 6 | 6 | 3 | 3 | 3 |
| 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 | $1.20 | $1.26 | $1.35 | $1.17 | $1.14 | $1.21 | $1.28 | $1.11 | $1.06 | $1.16 | $1.23 | $1.06 | $0.99 | $1.05 | $1.16 | $1.08 | $1.07 | $0.92 | $1.07 | $1.27 | $1.15 | $0.78 | $1.05 | $0.89 | $0.85 | $0.84 | $0.97 | $0.88 | $1.06 | $0.76 |
| High Forecast | $1.20 | $1.26 | $1.35 | $1.17 | $1.14 | $1.21 | $1.28 | $1.11 | $1.06 | $1.16 | $1.23 | $1.09 | $0.99 | $1.05 | $1.19 | $1.08 | $1.07 | $0.92 | $1.07 | $1.27 | $1.18 | $0.80 | $1.07 | $0.90 | $0.86 | $0.85 | $0.99 | $0.89 | $1.08 | $0.77 |
| Low Forecast | $1.20 | $1.26 | $1.35 | $1.17 | $1.14 | $1.21 | $1.28 | $1.11 | $1.06 | $1.16 | $1.23 | $1.01 | $0.99 | $1.05 | $1.12 | $1.08 | $1.07 | $0.92 | $1.07 | $1.27 | $1.14 | $0.77 | $1.04 | $0.88 | $0.83 | $0.83 | $0.96 | $0.87 | $1.05 | $0.75 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 0.89% | 1.06% | 0.98% | 1.02% | 0.95% | 1.08% | 1.18% | 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LW | Lamb Weston | $64.76 | $109.60 | 69.24% | Buy |
| HRL | Hormel Foods | $32.53 | $45.33 | 39.35% | Hold |
| KHC | Kraft Heinz Company | $35.63 | $42.31 | 18.75% | Buy |
| SJM | J. M. Smucker Company | $120.88 | $135.23 | 11.87% | Hold |
| CAG | Conagra Brands | $32.60 | $35.53 | 8.99% | Hold |
| GIS | General Mills | $74.63 | $74.40 | -0.31% | Hold |
| CPB | Campbell Soup Company | $51.56 | $48.22 | -6.48% | Hold |
| K | Kellanova | $80.68 | $74.03 | -8.24% | Hold |
| MKC | McCormick & Company | $84.76 | $77.57 | -8.48% | Buy |
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 $74.4 with a range of $53 to $90, implying a -0.31% from its last price of $74.63. 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 down by -0.31% (from the last price of $74.63 to the average price target of $74.4), up by 20.59% based on the highest stock price target, and down by -28.98% based on the lowest stock price target.
Can General Mills stock reach $110?
GIS's average twelve months analyst stock price target of $74.4 does not support the claim that General Mills can reach $110 in the near future.
What is General Mills's current price target trend?
2 Wall Street analysts forecast a $71.5 price target for General Mills (GIS) this month, down -4.19% from its last price of $74.63. Compared to the last 3 and 12 months, the average price target decreased by -7.54% and decreased by -2.52%, respectively.
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 $20.22B (high $20.22B, low $20.22B), average EBITDA is $4.03B (high $4.03B, low $4.03B), average net income is $2.71B (high $2.71B, low $2.71B), average SG&A $3.39B (high $3.39B, low $3.39B), and average EPS is $4.74 (high $4.74, low $4.74). GIS's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $19.95B (high $19.95B, low $19.95B), average EBITDA is $3.98B (high $3.98B, low $3.98B), average net income is $2.84B (high $2.84B, low $2.84B), average SG&A $3.35B (high $3.35B, low $3.35B), and average EPS is $4.98 (high $4.98, low $4.98).
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 $19.71B by 1.95%. Apple's EBITDA was $3.2B, missing the average prediction of $4.03B by -20.51%. The company's net income was $2.59B, beating the average estimation of $2.46B by 5.39%. Apple's SG&A was $3.5B, beating the average forecast of $3.23B by 8.30%. Lastly, the company's EPS was $4.36, beating the average prediction of $4.33 by 0.76%. 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%