BofA cuts General Mills stock target to USD 40.00

Published on 10/24/2026 at 21:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter sales fell 2.80 percent to USD 4.39 billion. General Mills stock costs EUR 30.76 on October 24, 2026, 0.20 percent above Tradegate.

Analyst target and reporting date

BofA Securities cut its General Mills target from USD 43.00 to USD 40.00 on September 24, 2026.
Fiscal first-quarter sales fell 2.80 percent to USD 4.39 billion for the period ended August 30, 2026.
General Mills stock costs EUR 30.76 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.20 percent above the Tradegate close of October 23, 2026.
General Mills is expected to report its next results on December 23, 2026.

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On September 24, 2026, BofA Securities cut its General Mills target from USD 43.00 to USD 40.00 while maintaining a Neutral rating, as Investing.com reported. The new target stands 16.31 percent above the USD 34.39 primary-exchange price on October 23, 2026. General Mills stock was trading at EUR 30.76 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.20 percent above the Tradegate close of October 23, 2026 at EUR 30.70.

Sales fell 2.80 percent

General Mills generated USD 4.39 billion in net sales in the first quarter of fiscal 2027, down 2.80 percent from USD 4.52 billion a year earlier. Adjusted diluted earnings per share fell 13.00 percent to USD 0.75 from USD 0.86, while the company reaffirmed adjusted full-year earnings guidance of USD 3.00 to USD 3.20, according to Food Business News on September 24, 2026. The quarter ended August 30, 2026, and the reported figures included a comparison with a prior-year divestiture gain.

Stock sits below its yearly high

The USD 34.39 NYSE price on October 23, 2026 stood between General Mills's 52-week low of USD 31.18 and high of USD 49.59. The company's market capitalization was USD 18.4 billion, and 6,186,679 shares changed hands in the latest US session. The stock's recent trading frame therefore remains materially below its yearly peak, while the euro quotation stayed near EUR 30.76 on October 24, 2026.

Valuation and next reporting date

General Mills carried a negative trailing price-to-earnings ratio of 20.72 on October 23, 2026, reflecting the latest earnings base. The next results are expected before the US market opens on December 23, 2026, according to Gekko. Analysts cited on the same page have a USD 37.00 average target from 14 firms, which is 7.59 percent above the USD 34.39 price.

Comparison with peers

General Mills: plus 0.20 percent versus the Tradegate close, trailing price-to-earnings ratio minus 20.72, market capitalization USD 18.4 billion.

The Coca-Cola Company (NYSE, USD): minus 2.76 percent, price-to-earnings ratio 27.84, market capitalization USD 398.9 billion.

The Hershey Company (NYSE, USD): minus 3.42 percent, price-to-earnings ratio 23.17, market capitalization USD 34.1 billion.

General Mills stock and the next date

For investors, the key tension is the gap between the lower reported sales base and the still-positive full-year adjusted earnings range. The December 23, 2026 report will provide the next dated test of whether the cost program can offset weaker volume.

The further course of trading is shown by the continuously updated real-time quote of General Mills stock.