12 Cash-Rich Stocks to Buy Right Now

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

Operating Cash Flow (TTM): $2.23 Billion

On June 5, Morgan Stanley lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $32 from $37. It reiterated an Underweight rating on the shares. The analyst said attention is shifting toward fiscal 2027 outlooks as several packaged food companies prepare to report off-cycle earnings in the coming weeks. Morgan Stanley also noted that it is lowering estimates “again,” primarily to reflect additional cost inflation.

On June 3, JPMorgan reduced its price goal on General Mills to $31 from $36. It kept an Underweight rating on the stock as part of its fiscal Q4 earnings preview. The firm said inflation and continued volume pressure could weigh on the company’s fiscal 2027 outlook.

General Mills, Inc. (NYSE:GIS) is a global manufacturer and marketer of branded consumer food products. The company operates through four segments: North America Retail, International, North America Pet, and North America Foodservice.