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Shares of General Mills Inc. (GIS) come with a low valuation and a high yield, but revenue has been falling due to softening demand for packaged food that has also affected competitors. Despite the overall sales drop, bright spots include international expansion and the company’s pet segment.
In this article, we’ll look at Wall Street sentiment, multiyear price forecasts, and the key factors that are playing a critical role in General Mills’ path going forward.
Current Stock Overview
Market Cap: $24.78 billion
Trailing P/E Ratio: 9.51
Forward P/E Ratio: 13.79
1-Year Return: -32%
2025 YTD: -27%
GIS has a consensus Hold rating from 23 analysts, according to Benzinga. The average price target is $60.18 per share, which suggests a moderate upside from current levels. The highest price target is $76, and the lowest is $45. The three most recent ratings suggest a near-term average target of $50.33, suggesting a 6.13% upside.
Quick Snapshot Table of Predictions & Methodology for Forecasting
Year | Bullish Prediction | Average Prediction | Bearish Prediction |
|---|---|---|---|
2025 | $48.81 | $46.05 | $44.26 |
2026 | $64.58 | $54.3 | $46.06 |
2027 | $66.65 | $55.45 | $45.63 |
2028 | $55.56 | $49.92 | $46.05 |
2029 | $48.88 | $39.18 | $32.74 |
2030 | $47.78 | $40.23 | $34.08 |
2031 | $49.31 | $40.98 | $33.76 |
2032 | $41.1 | $36.92 | $34.07 |
2033 | $36.16 | $28.95 | $24.23 |
2040 | $22.5 | $20.21 | $18.65 |
2050 | $10.6 | $8.98 | $7.56 |
The forecast range in this table is based on algorithmic projections provided by CoinCodex. These models use historical price trends, volatility patterns, and moving averages to estimate future stock prices over multiple time horizons.
Bull & Bear Case
General Mills is an iconic brand with a solid dividend history, but low revenue growth rates and a softening North American market are catching up to the stock price.
Bull Case
- The stock’s current valuation is sitting at a 10-year low with a 9.51 P/E ratio that’s lower than 80% of its rivals, suggesting that shares may be undervalued.
- General Mills has paid dividends for 127 consecutive years, including six consecutive years of hikes with a current quarterly payout of $0.61 per share and a yield of 5.26%.
- Pet snacks and international sales continue to grow, which can help offset softness in the company’s North American Retail segment.
Bear Case
- North American Retail segment sales have been dropping alongside an overall revenue decline amid an industry slowdown where rivals like Kraft Heinz (KHC) and Kellanova (K), the parent company of Kellogg’s, have also reported flat or declining revenue.
- Changing consumer tastes in the U.S. are moving away from packaged and processed foods, and General Mills has been challenged to adapt.
- During an economic downturn, consumers may look for cheaper alternatives if brand loyalty carries less weight.
Stock Price Prediction for 2025
CoinCodex projects very limited movement in General Mills stock for the rest of the year. The company operates in the packaged food industry, which doesn’t experience much volatility. The highest price target suggests a very slight upside, while the lowest price target presents a very slight decline. General Mills’ pet snacks segment is a catalyst, but declining overall sales can keep the stock price in place for the rest of the year.
Stock Price Prediction for 2026
CoinCodex suggests a moderate upside for General Mills stock in 2026. Rising pet snack sales and a rebound for the retail segment could give GIS a boost. Lower interest rates could help boost the economy and increase consumer spending, especially for name-brand products.
Stock Price Prediction for 2030
CoinCodex forecasts very little movement for GIS stock in 2030, with the highest price target suggesting a slight upside and the lowest pointing to a slight downside. General Mills is limited in its ability to accelerate revenue, and its sales trend indicates that high growth isn’t a likely part of the company’s future.
Investment Considerations
General Mills is a long-established packaged food maker with a long history of dividend distributions and a high yield.
However the company is struggling to adapt to changing consumer tastes and must find ways to innovate and make up for revenue declines in its North American Segment.
The stock may be a good option for value investors who are looking for steady income and a respectable yield.
