General Mills (GIS) Stock Forecast, Price Target & Predictions
GIS Stock Forecast
General Mills stock forecast is as follows: an average price target of $75.10 (represents a 17.71% upside from GIS’s last price of $63.80) 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 $75.10 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 17.71% upside from GIS's last price of $63.80.
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 20, 2024 | Andrew Lazar | Barclays | $74.00 | $74.90 | -1.20% | 15.99% |
| Sep 19, 2024 | Matthew Smith | Stifel Nicolaus | $82.00 | $74.43 | 10.17% | 28.53% |
| Sep 19, 2024 | Michael Lavery | Piper Sandler | $84.00 | $75.01 | 11.99% | 31.66% |
| Sep 18, 2024 | Thomas Palmer | Citigroup | $75.00 | $75.01 | -0.01% | 17.55% |
| Sep 17, 2024 | Bryan Spillane | Bank of America Securities | $78.00 | $74.74 | 4.36% | 22.26% |
| Sep 16, 2024 | Thomas Palmer | Coker Palmer | $76.00 | $73.71 | 3.11% | 19.12% |
| Sep 13, 2024 | Chris Carey | Wells Fargo | $67.00 | $72.86 | -8.04% | 5.02% |
| Jul 05, 2024 | John Baumgartner | Mizuho Securities | $62.00 | $62.88 | -1.40% | -2.82% |
| Jun 27, 2024 | Matthew Smith | Stifel Nicolaus | $70.00 | $64.17 | 9.09% | 9.72% |
| Jun 21, 2024 | Nik Modi | RBC Capital | $70.00 | $67.56 | 3.61% | 9.72% |
The latest General Mills stock forecast, released on Sep 20, 2024 by Andrew Lazar from Barclays, set a price target of $74.00, which represents a -1.20% decrease from the stock price at the time of the forecast ($74.90), and a 15.99% increase from GIS last price ($63.80).
General Mills Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 7 | 20 |
| Avg Price Target | - | $76.57 | $73.35 |
| Last Closing Price | $63.80 | $63.80 | $63.80 |
| Upside/Downside | -100.00% | 20.02% | 14.97% |
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 $63.80. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 20, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Sep 20, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Sep 19, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| 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 | Oppenheimer | Outperform | Outperform | Hold |
| Jun 27, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Jun 27, 2024 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Jun 27, 2024 | Canaccord Genuity | Buy | Buy | Hold |
General Mills's last stock rating was published by Cowen & Co. on Sep 20, 2024. The company gave GIS a "Hold" 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 | $4.72B | $5.02B | $5.02B | $4.73B | $4.96B | $5.13B | $5.11B | $4.81B | $4.86B | $5.15B | $5.14B | $4.80B | $4.85B | $4.97B | $5.35B | $4.88B | $5.18B | $4.97B | $5.19B | $4.72B | $4.80B | $4.54B | $4.84B | $4.30B | $4.36B | $4.45B | $4.65B | $4.22B | $4.98B | $4.21B |
| High Forecast | $4.77B | $5.08B | $5.08B | $4.78B | $5.02B | $5.19B | $5.17B | $4.87B | $4.91B | $5.19B | $5.19B | $4.81B | $4.85B | $4.97B | $5.43B | $4.94B | $5.23B | $5.02B | $5.25B | $4.76B | $4.85B | $4.59B | $4.88B | $4.34B | $4.40B | $4.49B | $4.69B | $4.26B | $5.03B | $4.24B |
| Low Forecast | $4.69B | $4.98B | $4.99B | $4.69B | $4.93B | $5.09B | $5.08B | $4.78B | $4.82B | $5.11B | $5.12B | $4.79B | $4.85B | $4.97B | $5.24B | $4.85B | $5.14B | $4.93B | $5.15B | $4.67B | $4.76B | $4.50B | $4.79B | $4.26B | $4.32B | $4.41B | $4.60B | $4.18B | $4.94B | $4.17B |
| # Analysts | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 5 | 5 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 6 | 3 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.96% | 1.00% | 0.97% | 1.03% | 1.01% | 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 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 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 5 | 5 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 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 | $990.37M | $1.05B | $1.05B | $991.39M | $1.04B | $1.08B | $1.07B | $1.01B | $1.02B | $1.08B | $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 | $1.00B | $1.06B | $1.07B | $1.00B | $1.05B | $1.09B | $1.08B | $1.02B | $1.03B | $1.09B | $1.09B | $1.01B | $1.02B | $1.39B | $1.14B | $1.04B | $1.10B | $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 | $982.84M | $1.05B | $1.05B | $983.85M | $1.03B | $1.07B | $1.06B | $1.00B | $1.01B | $1.07B | $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 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 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 5 | 5 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 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 | $663.15M | $707.75M | $755.10M | $662.50M | $643.21M | $670.62M | $711.75M | $626.80M | $602.99M | $650.48M | $685.95M | $597.08M | $559.97M | $706.68M | $651.50M | $609.92M | $600.76M | $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 | $672.48M | $717.72M | $765.74M | $671.83M | $652.26M | $680.06M | $721.77M | $635.62M | $611.48M | $661.89M | $702.82M | $599.05M | $560.02M | $848.01M | $668.49M | $618.51M | $609.22M | $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 | $656.59M | $700.75M | $747.63M | $655.95M | $636.85M | $663.99M | $704.70M | $620.60M | $597.02M | $639.07M | $674.70M | $595.10M | $559.91M | $565.34M | $628.84M | $603.89M | $594.82M | $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% | 0.91% | 1.10% | 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 $559.97M, with a range of $559.91M to $560.02M. GIS's average Quarter net income forecast represents a 4142.17% 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 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 5 | 5 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 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 | $801.54M | $852.39M | $852.97M | $802.37M | $842.70M | $871.56M | $868.29M | $817.15M | $825.37M | $875.08M | $872.59M | $815.12M | $823.98M | $839.26M | $908.95M | $829.03M | $878.81M | $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 | $810.22M | $861.63M | $862.21M | $811.06M | $851.83M | $881.00M | $877.70M | $826.00M | $834.31M | $881.85M | $881.05M | $817.07M | $823.98M | $1.01B | $922.56M | $838.01M | $888.33M | $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 | $795.44M | $845.91M | $846.48M | $796.26M | $836.29M | $864.93M | $861.69M | $810.94M | $819.09M | $868.31M | $869.21M | $813.17M | $823.98M | $671.40M | $890.22M | $822.72M | $872.13M | $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% | 0.99% | 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 $823.98M, based on 5 Wall Street analysts, with a range of $823.98M to $823.98M. The forecast indicates a 4.18% 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 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 9 | 9 | 4 | 5 | 5 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 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 | $1.18 | $1.26 | $1.34 | $1.18 | $1.14 | $1.19 | $1.26 | $1.11 | $1.07 | $1.15 | $1.22 | $1.06 | $0.99 | $1.05 | $1.16 | $1.08 | $1.07 | $0.92 | $1.07 | $1.00 | $1.01 | $0.78 | $1.05 | $0.89 | $0.85 | $0.84 | $0.97 | $0.88 | $1.06 | $0.76 |
| High Forecast | $1.19 | $1.27 | $1.36 | $1.19 | $1.16 | $1.21 | $1.28 | $1.13 | $1.08 | $1.17 | $1.25 | $1.06 | $0.99 | $1.05 | $1.19 | $1.10 | $1.08 | $0.94 | $1.08 | $1.01 | $1.02 | $0.79 | $1.06 | $0.90 | $0.86 | $0.85 | $0.98 | $0.89 | $1.08 | $0.77 |
| Low Forecast | $1.16 | $1.24 | $1.33 | $1.16 | $1.13 | $1.18 | $1.25 | $1.10 | $1.06 | $1.13 | $1.20 | $1.06 | $0.99 | $1.05 | $1.12 | $1.07 | $1.06 | $0.92 | $1.05 | $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% | 0.95% | 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HRL | Hormel Foods | $30.22 | $42.86 | 41.83% | Hold |
| KHC | Kraft Heinz Company | $30.88 | $40.44 | 30.96% | Buy |
| CAG | Conagra Brands | $27.12 | $35.25 | 29.98% | Hold |
| LW | Lamb Weston | $76.11 | $98.29 | 29.14% | Buy |
| SJM | J. M. Smucker Company | $112.08 | $134.85 | 20.32% | Hold |
| GIS | General Mills | $63.80 | $75.10 | 17.71% | Hold |
| CPB | Campbell Soup Company | $43.81 | $49.68 | 13.40% | Hold |
| MKC | McCormick & Company | $77.13 | $79.44 | 2.99% | Hold |
| K | Kellanova | $80.78 | $74.03 | -8.36% | Hold |