tiprankstipranks
Trending News
More News >

General Mills: Mixed Financial Performance and Cautious Outlook Justify Hold Rating

General Mills: Mixed Financial Performance and Cautious Outlook Justify Hold Rating

Analyst Leah Jordan from Goldman Sachs maintained a Hold rating on General Mills (GISResearch Report) and keeping the price target at $58.00.

Don’t Miss TipRanks’ Half-Year Sale

Leah Jordan’s rating is based on a combination of factors impacting General Mills’ financial outlook. The company’s recent earnings per share slightly surpassed expectations, but its organic net sales fell short, particularly in the North American Retail and Foodservice segments. This mixed performance indicates some underlying challenges in maintaining sales momentum.
Furthermore, General Mills’ guidance for the fiscal year 2026 was below market expectations, with anticipated declines in both adjusted earnings per share and operating income. The company’s gross profit and margin also faced pressure from input cost inflation and unfavorable pricing dynamics. These factors, combined with increased SG&A expenses, suggest a cautious outlook, justifying the Hold rating as investors await further clarity on the company’s strategic initiatives and market conditions.

In another report released today, Barclays also maintained a Hold rating on the stock with a $60.00 price target.

Disclaimer & DisclosureReport an Issue

1