General Mills (NYSE:GIS) Stock Performance: Jefferies Updates Rating Amid Strong Q4 Earnings

• Jefferies maintained a "Hold" rating for General Mills (NYSE:GIS) but raised its price target to $36.00 from $33.00.
• Despite the target increase, General Mills' stock was trading above the new target at $37.77, following an 8.53% daily gain.
• The company reported strong fourth-quarter results, with adjusted earnings of $0.95 per share, surpassing consensus estimates by nearly 16.5%.

General Mills (NYSE:GIS) is a major food company known for popular brands like Cheerios and Yoplait. The company operates in the consumer staples sector, producing and marketing branded consumer foods sold through retail stores. General Mills currently has a market capitalization of approximately $20.16 billion.

On July 1, 2026, the analyst firm Jefferies maintained its "Hold" rating for General Mills. A "Hold" rating suggests that analysts expect the stock to perform in line with the broader market. This indicates a neutral stance, advising investors to neither buy additional shares nor sell existing ones.

Alongside the rating, Jefferies increased its price target on the stock to $36.00 from $33.00. A price target is an analyst's projection of a stock's future price. At the time, General Mills was trading at $37.77, already above the new target, following a daily gain of 8.53%.

This stock price increase came after the company reported strong fourth-quarter results. As highlighted by Zacks, General Mills posted adjusted earnings of $0.95 per share, which was a 27% year-over-year increase. This figure surpassed the consensus estimate of $0.82 per share by nearly 16.5%.

The company's revenues for the quarter reached $4.61 billion, slightly beating estimates. While net sales rose by 1%, organic sales, which exclude effects from acquisitions or currency changes, were flat. Looking ahead, General Mills projects its fiscal 2027 organic sales to range from a 1.5% decline to 0.5% growth.