Fintel reports that on December 13, 2024, B of A Securities upgraded their outlook for General Mills (NYSE:GIS) from Neutral to Buy.
Analyst Price Forecast Suggests 14.41% Upside
As of December 4, 2024, the average one-year price target for General Mills is $75.60/share. The forecasts range from a low of $67.67 to a high of $88.20. The average price target represents an increase of 14.41% from its latest reported closing price of $66.08 / share.
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The projected annual revenue for General Mills is 20,502MM, an increase of 3.54%. The projected annual non-GAAP EPS is 4.63.
What is the Fund Sentiment?
There are 2,404 funds or institutions reporting positions in General Mills. This is an increase of 72 owner(s) or 3.09% in the last quarter. Average portfolio weight of all funds dedicated to GIS is 0.22%, an increase of 2.64%. Total shares owned by institutions increased in the last three months by 0.25% to 501,113K shares. 
The put/call ratio of GIS is 0.64, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 18,202K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 19,637K shares , representing a decrease of 7.88%. The firm increased its portfolio allocation in GIS by 2.50% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,667K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 17,861K shares , representing a decrease of 1.10%. The firm increased its portfolio allocation in GIS by 8.45% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,579K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 14,490K shares , representing an increase of 0.61%. The firm increased its portfolio allocation in GIS by 8.09% over the last quarter.
Geode Capital Management holds 14,352K shares representing 2.59% ownership of the company. In its prior filing, the firm reported owning 14,335K shares , representing an increase of 0.11%. The firm decreased its portfolio allocation in GIS by 43.54% over the last quarter.
AMRMX - AMERICAN MUTUAL FUND holds 12,645K shares representing 2.28% ownership of the company. In its prior filing, the firm reported owning 15,039K shares , representing a decrease of 18.94%. The firm decreased its portfolio allocation in GIS by 25.66% over the last quarter.
General Mills Background Information
(This description is provided by the company.)
General Mills is a leading global food company whose purpose is to make food the world loves. Its brands include Cheerios, Annie's, Yoplait, Nature Valley, Häagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki, BLUE and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2020 net sales of U.S. $17.6 billion. In addition, General Mills' share of non-consolidated joint venture net sales totaled U.S. $1.0 billion.
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