From breadbasket to growth market: How Grupo Bimbo, Nestlé and General Mills are redrawing LATAM’s food map

Freedom Broker maintained a Hold rating on General Mills (GIS) but lowered its price target to $42 from $70. General Mills reported Q4 net sales of $4.61B, up 1% YoY, with adjusted EPS of $0.95. The company guided fiscal 2027 organic sales to range from -1.5% to +0.5% and adjusted earnings of $3.00-$3.20 per share. TD Cowen also reiterated a Hold rating, raising its target to $32. Other analysts adjusted targets following earnings.

Evercore ISI reduced its price target for General Mills (GIS) to $38 from $39, maintaining an In Line rating. The company recently reaffirmed its FY adjusted EPS guidance of $3.00-$3.20, below the consensus of $3.08, and completed the sale of its business in Brazil to 3coracoes.

General Mills Inc. executives discussed their strategy to lower base prices to improve competitiveness and stabilize volumes. CEO Jeffrey Harmening and COO Dana McNabb reported a 10% base volume decline in fiscal 2025, but a 2% increase going into fiscal 2027. The company also addressed slumping businesses and lowered fiscal 2026 guidance. Q4 net sales rose 1% to $4.61B, with mixed segment performance. General Mills reaffirmed its fiscal 2027 outlook, expecting adjusted EPS of $3-$3.20 and organ

General Mills (GIS) stock is poised for a second week of gains after strong Q4 results, with Jefferies raising its price target to $36. Revenue matched estimates at $4.6B, while adjusted earnings of $0.95 beat forecasts. Jefferies highlights cost-saving initiatives but maintains a Hold rating due to weak demand and margin pressures. GIS stock fell 0.6% overnight after a 7.7% gain. The company expects $3B in savings by 2030 and forecasts challenging consumer spending conditions.

Campbell's (CPB) is cutting 13% of its workforce and closing two snack plants to save $500M by FY2030, following a 33% drop in net income and a 12% Q4 snacks decline. FDA foreign food inspections dropped 35% from 2019 levels to 1,140 sites in FY2025. General Mills (GIS), Mars, and McKee Foods sued sugar suppliers United Sugar and ASR Group for alleged price-fixing from 2017 to 2024.

General Mills, Mars, and McKee Foods filed a lawsuit alleging U.S. sugar producers American Sugar Refining and United Sugar colluded to inflate prices. The companies claim the producers shared pricing data via Commodity Information, amplifying anti-competitive effects. American Sugar Refining denies the allegations, stating the claims are baseless. High U.S. sugar prices impact food manufacturing costs and consumer prices.