General Mills (NYSE:GIS) Stock Price Down 1.6% – What’s Next?

Posted by George Bondi on Oct 21st, 2026

Shares of General Mills, Inc. (NYSE:GIS – Get Free Report) fell 1.6% during mid-day trading on Monday. The company traded as low as $32.37 and last traded at $32.5860. 8,584,336 shares were traded during trading, a decline of 11% from the average daily volume of 9,606,604 shares. The stock had previously closed at $33.13.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GIS shares. BNP Paribas Exane increased their target price on General Mills from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Piper Sandler reiterated an “overweight” rating on shares of General Mills in a research report on Thursday, September 24th. Zacks Research upgraded General Mills from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $34.00 price objective (up from $33.00) on shares of General Mills in a report on Thursday, September 24th. Finally, UBS Group restated a “sell” rating on shares of General Mills in a research note on Wednesday, September 16th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $36.59.

Get Our Latest Analysis on General Mills

General Mills Stock Performance

The company’s fifty day simple moving average is $36.22 and its 200 day simple moving average is $35.60. The company has a current ratio of 0.70, a quick ratio of 0.39 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $17.86 billion, a P/E ratio of -20.12, a P/E/G ratio of 1.77 and a beta of 0.03.

General Mills (NYSE:GIS – Get Free Report) last released its quarterly earnings results on Wednesday, September 23rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. General Mills had a negative net margin of 4.89% and a positive return on equity of 21.86%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that General Mills, Inc. will post 3.08 earnings per share for the current fiscal year.

General Mills Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Tuesday, October 13th. General Mills’s dividend payout ratio is currently -146.99%.

Institutional Trading of General Mills

Institutional investors and hedge funds have recently modified their holdings of the business. Reflection Asset Management purchased a new stake in General Mills in the fourth quarter worth approximately $25,000. Brown Shipley& Co Ltd purchased a new stake in shares of General Mills in the 1st quarter worth $26,000. Silvant Capital Management LLC purchased a new stake in shares of General Mills in the 2nd quarter worth $26,000. Main Street Group LTD bought a new position in General Mills in the 1st quarter worth $27,000. Finally, CoreCap Advisors LLC raised its holdings in General Mills by 92.9% in the 2nd quarter. CoreCap Advisors LLC now owns 787 shares of the company’s stock worth $27,000 after purchasing an additional 379 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

General Mills Company Profile

(Get Free Report)

General Mills, Inc is a global food company that manufactures and markets branded consumer foods. Its portfolio includes cereal, snack foods, refrigerated and baking products, yogurt, soup, meals, and pet food. The company’s brands include Cheerios, Cinnamon Toast Crunch, Nature Valley, Betty Crocker, Pillsbury, Yoplait, Old El Paso, Progresso, Annie’s, Totino’s, Häagen-Dazs, and Blue Buffalo.

General Mills sells products through grocery stores, mass merchandisers, convenience stores, e-commerce channels, restaurants, and other foodservice outlets.