General Mills Stock: Is Wall Street Bullish or Bearish?

Core Insights - General Mills, Inc. is a global manufacturer and marketer of branded consumer foods with a market cap of nearly $24.7 billion and an extensive portfolio of over 100 brands [1] Financial Performance - General Mills has underperformed the broader market, with its stock price declining 27.3% year-to-date and 32.1% over the past 52 weeks, while the S&P 500 Index gained 15.6% year-to-date and 17.5% over the past year [2] - The company also lagged behind the Invesco Food & Beverage ETF, which saw a 6.4% decline in 2025 and an 8.4% dip over the past 52 weeks [3] - In Q2, net sales dropped 7% year-over-year to $4.5 billion, with a 4% decline attributed to divestitures and acquisitions and a 3% drop in organic net sales due to unfavorable pricing, although the topline figure exceeded expectations by 42 basis points [4] - Adjusted EPS for the quarter fell 19.6% year-over-year to $0.86, but surpassed consensus estimates by 6.2% [4] - For the full fiscal 2026, analysts expect adjusted EPS to be $3.65, down 13.3% year-over-year, but the company has a strong earnings surprise history, exceeding expectations in the past four quarters [5] Analyst Ratings - Among 20 analysts covering General Mills, the consensus rating is a "Hold," consisting of four "Strong Buys," one "Moderate Buy," 12 "Holds," and three "Strong Sells" [5] - Mizuho analyst John Baumgartner maintained a "Neutral" rating on General Mills but lowered the price target from $57 to $52 [7]