$GIS

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.

General Mills' Old El Paso brand introduces new broths and canned soups for autumn. The products include Birria Style Beef Broth, Chicken Tinga Style Broth, Chipotle Steak Burrito Style Soup, and Cheesy Beef Taco Style Soup, all gluten-free and with no artificial flavors. The company aims to expand its offerings beyond taco night, targeting busy weeknight dinners and lunch staples.

General Mills, Kellanova, Mars, and McKee Foods sued major US sugar producers and Commodity Information Inc. for alleged price-fixing from 2017 to 2024. The lawsuit claims producers shared sensitive pricing data to maintain high sugar prices. ASR Group denied the allegations. Sugar prices reportedly surged during the alleged conspiracy but dropped after the initial lawsuit in 2024.

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.

Jefferies lowered its price target on General Mills (GIS) from $36 to $35, maintaining a Hold rating. The stock has seen a 5-day change of -3.05%, a 1st Jan change of -8.41%, and a year-to-date change of -22.67%.

General Mills' COO and CEO discussed strategies at Barclays conference, highlighting innovation and cost cuts. The company plans $3B in cost reductions over four years, with $750M in fiscal 2027. They aim to avoid acquisitions and stock buybacks, focusing on debt reduction. Q1 earnings expected Sept. 23, with guidance for net sales decline of 1.5% to 0.5% and adjusted earnings of $3.00-$3.20 per share.

Grupo Bimbo, Nestlé, and General Mills are adjusting strategies in Latin America. Bimbo expanded regenerative agriculture to 500,000 hectares. Nestlé invested $384m in Brazilian nutrition. General Mills sold its Brazilian unit for $153m, citing margin improvement. Climate, currency, and infrastructure risks shape investments.