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Goldman Sachs has reaffirmed "buy" ratings for Colgate and General Mills, citing growth potential in the pet food sector despite consumer caution due to inflation and geopolitical issues. Colgate's Hill’s Pet Nutrition is expected to drive mid-single-digit organic sales growth, while General Mills aims for 2-3% growth by fiscal year 2027, bolstered by its recent acquisition of Whitebridge to enhance distribution in the pet specialty and e-commerce markets. Both companies are projected to achieve robust revenue growth and margin expansion in the long term.
Nwam LLC acquired a $240,000 stake in General Mills, while Cerity Partners LLC increased its holdings by 9.3%, now owning 261,461 shares valued at $19.3 million. Other firms, including Kingsview Wealth Management and Pitcairn Co., also raised their stakes, contributing to institutional investors owning 75.71% of the stock. General Mills has received mixed ratings from analysts, with a consensus "Hold" and a target price of $65.69, as the company reported a quarterly EPS of $1.00, beating estimates despite a revenue decline of 5.1% year-over-year.
Morgan Stanley has initiated coverage of U.S. packaged food stocks with a cautiously In-Line outlook, highlighting low earnings visibility and rising margin pressures. Among the sector, BellRing Brands is identified as a top pick due to its growth potential and recent pullback creating a favorable entry point. The firm remains Overweight on Mondelez, The J.M. Smucker Company, and Vital Farms, while being Underweight on Kraft Heinz, Kellogg’s, and General Mills due to concerns over weaker trends and earnings visibility.
Morgan Stanley analyst Megan Clapp has initiated coverage on General Mills (NYSE: GIS) with an Underweight rating. A price target has also been set, although specific details were not disclosed. This marks a significant move in the stock market for the company.
General Mills' CEO sold shares at an average price of $65.00, totaling $739,635, reducing their ownership by 3.12%. Institutional investors hold 75.71% of the stock, with recent changes including a 31.6% increase in holdings by Wealth Enhancement Advisory Services LLC. Analysts have lowered price targets for the stock, with a consensus rating of "Hold" and an average target price of $67.06.
An insider at General Mills has reduced their stake by 2.41%, now holding 42,117 shares valued at approximately $2.72 million. Hedge funds have increased their positions, with institutional investors owning 75.71% of the company. Analysts have lowered price targets, with a consensus rating of "Hold" and an average target price of $67.41.
Barclays has revised its price target for General Mills, Inc. to $60 from $65. The company is a global leader in the food industry, offering a wide range of products including cereals, prepared meals, frozen foods, and pet food, primarily under well-known brands such as Cheerios and Häagen-Dazs. The U.S. market represents over 80% of its net sales.
Barclays has lowered its price target for General Mills from $65 to $60 while maintaining an Equalweight rating, amid concerns over the company's increased trade and media spending aimed at enhancing consumer value. Despite a 2.62% revenue decline over the past year, General Mills continues to offer a healthy dividend yield of 4.05% and has sustained payments for 55 years. Analysts are closely watching the effectiveness of these investments in driving organic sales growth, as the company reported mixed third-quarter results, exceeding EPS expectations but falling short on revenue.
Barclays has lowered its price target for General Mills from $65 to $60 while maintaining an Equalweight rating, amid concerns over the company's increased trade and media spending aimed at enhancing consumer value. Despite a 2.62% revenue decline over the past year, General Mills continues to offer a healthy dividend yield of 4.05% and has sustained payments for 55 consecutive years. Analysts are closely watching the effectiveness of these investments in driving organic sales growth, as the company reported mixed third-quarter results, exceeding EPS expectations but falling short on revenue forecasts.
Deutsche Bank has lowered its price target for General Mills, Inc. to $57 from $62 while maintaining a hold rating. General Mills is a leading global food company, offering a wide range of products including cereals, prepared meals, frozen foods, and pet food, with the U.S. market representing 80.9% of its net sales.
General Mills, Inc.
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