Balancing Solid Execution Against Earnings Headwinds and Promotional Risks: Maintaining a Hold on General Mills

TD Cowen analyst Robert Moskow has maintained their neutral stance on GIS stock, giving a Hold rating on March 30.

Robert Moskow has given his Hold rating due to a combination of factors related to General Mills’ growth outlook and earnings headwinds. He views management’s sales expectations as reasonable, with modest improvement in category growth and innovation, but he still anticipates EPS pressure from items like incentive compensation normalization, the lost 53rd week, and the partial loss of Yoplait.

Moskow also sees risk in the evolving “higher cost of volume” environment, where value-conscious shoppers concentrate purchases in promotional periods and competitors may intensify discounting. While he appreciates management’s disciplined stance on avoiding large, transformative deals and their focus on organic growth and productivity, these positives are balanced by sluggish volume trends and potential promotional pressures, supporting a neutral Hold stance on the stock.

In another report released on March 30, Deutsche Bank also maintained a Hold rating on the stock with a $32.00 price target.