Analyst Peter Galbo from Bank of America Securities maintained a Buy rating on General Mills (GIS – Research Report) and keeping the price target at $63.00.
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Peter Galbo has given his Buy rating due to a combination of factors including General Mills’ performance in the fourth quarter and its financial outlook for fiscal year 2026. The company reported an adjusted EPS of $0.74, which exceeded both Bank of America’s and Visible Alpha’s estimates, largely driven by improved gross margins. Despite a slight decline in organic sales, the overall results were in line with expectations, and the guidance for FY26 suggests a manageable decline in operating profit and EPS.
Additionally, the company’s strategic initiatives, such as inventory management in the Pet segment and price investments in North America Retail, have shown positive impacts. General Mills is also expected to benefit from transformation initiatives that could generate significant savings. The Buy rating is further supported by a favorable valuation, with a price objective of $63, reflecting a multiple that aligns with food industry peers and anticipates medium-term growth prospects despite current volume pressures.
In another report released today, RBC Capital also upgraded the stock to a Buy with a $63.00 price target.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GIS in relation to earlier this year.