These Analysts Increase Their Forecasts On General Mills After Upbeat Q4 Results

General Mills Inc. (NYSE: GIS ) on Wednesday reported upbeat fiscal fourth- quarter results.

The company reported fourth-quarter net sales of $4.610 billion, up 1% from a year earlier and ahead of the analyst consensus estimate of $4.595 billion.

Organic net sales were flat.

Adjusted earnings came in at 95 cents per share, up 27% in constant currency and above the Street estimate of 80 cents.

General Mills expects fiscal 2027 organic sales to range from a decline of 1.5% to growth of 0.5%.

The company forecast adjusted earnings of $3.00 to $3.20 per share, compared with analysts’ estimate of $3.13.

It also expects adjusted operating profit to decline 8% to 13% in constant currency.

General Mills shares fell 0.1% to $37.72 in pre-market trading.

These analysts made changes to their price targets on General Mills following earnings announcement.

Jefferies analyst Scott Marks maintained General Mills with a Hold and raised the price target from $33 to $36.

Wells Fargo analyst Chris Carey maintained the stock with an Underweight rating and raised the price target from $30 to $33.

B of A Securities analyst Peter Galbo maintained the stock with a Neutral and raised the price target from $36 to $39.

Considering buying GIS stock? Here’s what analysts think: Photo via Shutterstock