Evercore ISI cuts target for General Mills stock to USD 38.00

Published on 10/15/2026 at 22:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The next earnings date is December 23, 2026. General Mills stock costs EUR 29.38 on October 15, 2026, down 1.80 percent versus the Xetra close.

Analyst view and trading dates

Evercore ISI lowered its General Mills target to USD 38.00 on October 8, 2026.
TradingView lists December 23, 2026 as the next earnings date.
General Mills stock traded at EUR 29.38 at 10:25 p.m. CEST at Lang & Schwarz on October 15, 2026, 1.80 percent below the Xetra close of October 15, 2026.
General Mills had a USD 17.6 billion market capitalization on October 15, 2026.

Extreme Makro-Nahaufnahme von Hafer- und Weizenkörnern mit weichem goldenem Bokeh-Hintergrund — General Mills US3703391032 extreme Makroaufnahme von Hafer- und Weizenkörnern mit goldener Textur, Illustration mit AI erstellt.

Evercore ISI cut its General Mills target from USD 39.00 to USD 38.00 on October 8, 2026, according to Yahoo Finance. The new target is 15.57 percent above the NYSE price of USD 32.88 last traded on October 15, 2026 at 4:00 p.m. ET. General Mills stock was trading at EUR 29.38 at Lang & Schwarz on October 15, 2026 at 10:25 p.m. CEST, down 1.80 percent versus the Xetra close of October 15, 2026 at EUR 29.92.

December date sets the next marker

The next scheduled earnings date is December 23, 2026. TradingView lists that date for the next report. The calendar matters because the latest fiscal quarter ended on August 30, 2026, leaving the December release as the next scheduled test of demand, margins and the full-year outlook.

Stock stays near its yearly low

The NYSE quote of USD 32.88 stood 5.45 percent above the 52-week low of USD 31.18 and 33.86 percent below the 52-week high of USD 49.71 on October 15, 2026. General Mills therefore sits much nearer the lower end of its annual range than the upper end. On October 7, 2026, Boerse Express reported that Dana McNabb would become chief executive officer on January 1, 2027, while Jeff Harmening would become executive chair.

Valuation and market scale

General Mills had a market capitalization of USD 17.6 billion on October 15, 2026. Its trailing price-to-earnings ratio was negative 19.81, so the ratio does not provide a useful positive valuation comparison. The quarterly dividend yield was 0.07 percent in the same quote, below the 0.10 percent threshold used for this report.

Comparison with peers

General Mills (NYSE, USD): minus 1.80 percent, market capitalization USD 17.6 billion
Kellanova (NYSE, USD): minus 0.01 percent, P/E 48.23, market capitalization USD 29.0 billion
Conagra Brands (NYSE, USD): plus 2.46 percent, P/E negative 3.56, market capitalization USD 6.8 billion

Euro quote after the Xetra close

The euro quotation placed General Mills below the Xetra close after the regular German session. At Lang & Schwarz, the stock was trading at EUR 29.38 on October 15, 2026 at 10:25 p.m. CEST, down 1.80 percent versus the Xetra close of October 15, 2026 at EUR 29.92. The further course of trading is shown by the continuously updated real-time quote of General Mills stock.