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Investing.com - Piper Sandler has reiterated its Overweight rating and $60.00 price target on General Mills (NYSE:GIS), currently trading at $48.58 near its 52-week low. According to InvestingPro analysis, the stock appears undervalued, trading at just 9.2x earnings while offering a substantial 5.02% dividend yield.
The research firm highlighted General Mills’ focus on understanding and meeting consumer needs, particularly in areas such as aging consumers, weight management, holistic health, and pet humanization.
Piper Sandler noted that the company is effectively pairing consumer insights with product analysis through its ’remarkable’ framework, making strategic investments in pricing, value, innovation, and marketing.
The firm pointed out that all of General Mills’ top 10 categories will feature product quality news in fiscal year 2026, a significant increase from just three categories last year.
Piper Sandler views General Mills as having the most attractive risk/reward profile among large-cap food companies in its coverage, noting the stock is trading approximately three times below its historical average valuation.
In other recent news, General Mills reported better-than-expected first quarter earnings, with a portion of the beat attributed to timing factors expected to reverse in the second quarter. Despite this, the company maintained its fiscal year 2026 guidance. The company also announced a multi-year initiative to enhance its supply chain competitiveness, which includes closing several manufacturing facilities, leading to approximately $82 million in restructuring charges. These actions will involve $64 million in asset write-offs and $18 million in other costs, such as severance.
Additionally, General Mills declared a quarterly dividend of $0.61 per share, which will be payable on November 3, 2025. In terms of analyst activity, UBS lowered its price target for General Mills to $47.00, maintaining a Sell rating due to growth concerns. Meanwhile, Bernstein reiterated its Market Perform rating with a price target of $54.00, noting advancements in digital technology but expressing concerns about North America Retail segment growth. Furthermore, at the company’s recent annual meeting, shareholders approved all board nominees and executive pay proposals.
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