Barclays Lowers General Mills (GIS) Target, Notes Limited Sales Progress

General Mills, Inc. (NYSE:GIS) is included among the 15 Best Safe Dividend Stocks for 2026.

On March 16, Barclays lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $43 from $46. It reiterated an Equal Weight rating on the shares. The firm said the company’s pricing investments have helped slow volume declines and made its products more competitive. Even so, recent data have not yet shown enough improvement to push overall sales back into growth.

Earlier, on March 12, Wells Fargo downgraded General Mills to Underweight from Equal Weight and reduced its price target to $35 from $45.The firm lowered ratings on three food companies, pointing to higher leverage levels and elevated dividend payout ratios. Analysts also flagged earnings risk as a concern. In a research note, the analyst wrote that the “convergence” of earnings risk, higher leverage, and “tight” dividends will likely drive share underperformance relative to peers. Wells Fargo also said it sees negative profit catalysts ahead for General Mills.

General Mills, Inc. (NYSE:GIS) operates as a global manufacturer and marketer of branded consumer foods. The company runs four main segments: North America Retail, International, North America Pet, and North America Foodservice. The North America Retail segment includes sales through grocery stores, mass merchandisers, membership clubs, natural food chains, drug stores, dollar and discount retailers, convenience stores, and online grocery platforms.

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