WallStSmart
GIS

General Mills Inc

NYSE: GIS · CONSUMER DEFENSIVE · PACKAGED FOODS

$34.47
-0.81% today

Updated 2026-04-29

Market cap
$18.40B
P/E ratio
8.43
P/S ratio
1.00x
EPS (TTM)
$4.09
Dividend yield
6.99%
52W range
$34 – $53
Volume
9.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

General Mills Inc (GIS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$34.47
Consensus
$42.75
+24.02%
2030 Target
$429.44
+1145.84%
DCF
$53.36
+8.15% MoS
16 analysts:
2 Buy8 Hold4 Sell

Management guidance

General Mills reaffirmed full-year FY2026 guidance (ending May 25, 2026) despite Q3 miss, maintaining prior revenue and profit forecasts. Management has not provided specific revenue targets for 2027-2030. The company is executing a multi-year restructuring plan with $82M in charges (St. Charles plant closure announced April 2026), focusing on margin expansion and portfolio optimization rather than aggressive top-line growth.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$711.96
$18.9B Rev × 20x P/S
Base case (2030)
$429.44
$18.9B Rev × 12x P/S
Bear case (2030)
$286.29
$18.9B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$20.1B$19.9B$19.5B$18.6B$18.4B$18.5B$18.7B$18.9B
Revenue growth—-1.2%-1.9%-4.5%-1.3%0.5%1.1%1.3%
EPS—$4.52$1.96$3.54$3.52$3.65$3.78$3.92
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$421.90$414.37$418.14$421.90$429.44

Catalysts & risks

Growth catalysts
+ Portfolio optimization: sale of Brazil business and Green Giant divestiture to improve margins
+ Clean label product reformulation (natural colorants in cereals) targeting health-conscious consumers
+ Supply chain consolidation and cost reduction (multi-year restructuring saving ~$30M+ on heat/power agreements)
+ Focus on high-margin categories (protein, fiber) to offset volume declines
+ Whitebridge Pet Brands integration and pet food segment growth
Key risks
- Continued volume/pricing pressure from GLP-1 drug adoption (Ozempic/Wegovy reducing packaged food consumption)
- Consumer shift to private label and cheaper alternatives amid economic uncertainty
- Input cost inflation (grains, ingredients) with limited pricing power in competitive market
- Geopolitical headwinds (Iran conflict, Middle East tensions) impacting commodity costs and forex
- Structural decline in breakfast cereals and packaged foods category (5-year CAGR only 2.0%)
- Recent analyst downgrades (Deutsche Bank $38→$32, Wells Fargo downgrade, JP Morgan maintains Sell) signal waning confidence

Methodology

General Mills Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 16 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.