General Mills stock holds after RBC keeps a $45 target

Published on 09/21/2026 at 21:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC Capital kept its Outperform rating on General Mills stock on September 21, 2026, with a $45 target. The shares closed at $36.32 on September 18, 2026.

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General Mills stock (ISIN US3703391032) closed at USD 36.32 on September 18, 2026, after RBC Capital kept an Outperform rating and a $45.00 target on September 21, 2026.

RBC keeps the target

According to TradingView on September 21, 2026, the price target implies 23.9 percent upside from the Sep 18 close of USD 36.32. The same note puts General Mills at a two-year forward P/E of about 11.4x, roughly 7 percent below the packaged-food peer average.

According to MarketBeat on September 21, 2026, RBC's target was also described as a 24.03 percent upside to the previous close. MarketBeat said the stock had a market capitalization of USD 19.40 billion and a 1-year range of USD 31.75 to USD 51.33.

Quarterly figures still matter

MarketBeat also said General Mills last reported earnings on July 1, 2026, with EPS of USD 0.95 versus a consensus of USD 0.80 and revenue of USD 4.61 billion versus USD 4.59 billion expected. Revenue was up 1.2 percent year over year, while the company set FY 2027 guidance at USD 3.00 to USD 3.20 EPS.

The next reporting date is September 23, 2026, according to the same General Mills calendar reference carried in ad-hoc-news coverage on September 21, 2026. For investors, that makes the guidance range and the July quarter the two numbers that frame the stock before the new update.

Stock near the lower half

On September 20, 2026, Robinhood showed General Mills at USD 36.46, with a market cap of USD 19.43 billion, intraday range of USD 36.29 to USD 36.95, volume of 16.39 million, and a 52-week band of USD 31.75 to USD 51.33. The shares ended September 18, 2026 at USD 36.32, about 21.9 percent below the start of 2026 price of USD 46.53.