13 Best Blue Chip Stocks to Buy Under $50

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

Number of Hedge Fund Holders: 48

Share Price as of the Close of December 10: $45.7

General Mills, Inc. (NYSE:GIS) is one of the best blue-chip stocks to invest in.

On December 11, Jefferies analyst Scott Marks cut his price target on General Mills, Inc. (NYSE:GIS) to $47 from $50 and maintained a Hold rating. He said US tracked channel data shows the company’s recent price investments are “working,” since both retail sales and volumes have started to pick up. The firm sees room for the trend to continue improving and credits management for taking steps like lowering prices to spark growth. Even so, Jefferies noted that “there remains more work to be done” and still expects some near-term pressure.

In its third-quarter 2025 earnings update, CEO Jeffrey Harmening highlighted that General Mills, Inc. (NYSE:GIS) is working through a major period of change. He pointed to the Yoplait divestiture and the Whitebridge acquisition as two key moves, while reaffirming that the company remains committed to profitable organic growth. Harmening also said new product activity has ramped up meaningfully, with volumes already up 25%. He added that more new items are lined up for the second quarter and that the company has strong plans in baking and soup, which are especially important as fall and winter approach.

General Mills, Inc. (NYSE:GIS) is a leading global food company that sells and markets more than 100 well-known consumer food brands.