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Investing.com - UBS maintained its Sell rating and $47.00 price target on General Mills (NYSE:GIS), with the stock currently trading near its 52-week low of $47.71 and down nearly 29% over the past year. According to InvestingPro, 15 analysts have recently revised their earnings estimates downward for the upcoming period.
UBS analyst Peter Grom noted that General Mills presented a "balanced" tone during the event, expressing confidence in its Accelerate strategy while acknowledging the "dynamic/difficult" current operating environment.
During the Investor Day, General Mills reaffirmed both its long-term growth targets and fiscal year 2026 guidance, suggesting management remains committed to its previously outlined financial objectives.
UBS expressed a "somewhat more constructive" view of the company’s plan to improve growth in the latter half of the year and into fiscal year 2027, but cautioned that much of this improvement depends on consumer health and category demand, areas where "visibility remains limited."
Despite recent share price pullbacks, UBS maintained its Sell recommendation, citing General Mills’ "healthy premium" valuation compared to center-store food peers despite similar growth rates, which UBS believes creates a downside-skewed risk/reward profile.
In other recent news, General Mills has confirmed its fiscal year 2026 guidance, emphasizing its commitment to achieving sustainable organic sales growth. This was highlighted during an investor day presentation by senior management, as reported by Stifel, which reiterated its Buy rating with a $56.00 price target on the company. Piper Sandler also maintained an Overweight rating with a $60.00 price target, citing the company’s strong positioning in meeting consumer needs, particularly in areas like holistic health and pet humanization. Meanwhile, Bernstein reiterated a Market Perform rating with a $54.00 price target, acknowledging advancements in digital technology but expressing concerns about growth trends in the North America Retail segment.
Additionally, General Mills announced a multi-year initiative to enhance its supply chain competitiveness, which involves closing several manufacturing facilities. This restructuring is expected to result in approximately $82 million in charges, including asset write-offs and severance costs. At the company’s 2025 annual meeting, all board nominees were elected, and executive pay was approved by shareholders. These developments reflect General Mills’ ongoing efforts to adapt and grow within the industry.
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