Goldman Sachs Maintains Sell Rating for General Mills: Here's What You Need To Know

Goldman Sachs has decided to maintain its Sell rating of General Mills GIS and raise its price target from $64.00 to $71.00.

Shares of General Mills are trading up 1.25% over the last 24 hours, at $76.29 per share.

A move to $71.00 would account for a 6.93% decrease from the current share price.

About General Mills

General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2022, 77% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.