10 Stocks On Jim Cramer’s Mind & His Thoughts On Enterprise AI

3. General Mills, Inc. (NYSE:GIS)

Number of Hedge Fund Holdings: 48

General Mills, Inc. (NYSE:GIS) is one of the largest consumer food products companies in America. Its shares are down by 26% over the past year and by 2.4% year-to-date. The firm provided an update to its fiscal year 2026 estimates earlier this week. The update wasn’t comforting for investors as it saw General Mills, Inc. (NYSE:GIS) increase its annual sales drop guidance to 1.5% to 2% from an earlier range of a 1% drop to a 1% growth. The firm also expects its operating profit and earnings per share to drop between 16% to 20% from an earlier 10% to 15%. Following the update, Bank of America reduced General Mills, Inc. (NYSE:GIS)’s share price target to $55 from $61 and set a Buy rating. BofA commented that the current valuation is an adequate reflection of the short-term pressures on the North American retail market. In mid-January, Bernstein had cut General Mills, Inc. (NYSE:GIS)’s share price target to $53 from $54 and kept a Market Perform rating. Cramer briefly commented on the update and recalled a past where the firm was different:

“General Mills which by the way reported a, they did a preannouncement, you don’t want to be there, that the benchmark of bad, but that’s at 12 times earnings.

“General Mills used to be, remember, General Mills used to be the best there is.”