Deutsche Bank Keeps a Hold Rating on General Mills, Inc. (GIS)

General Mills, Inc. (NYSE:GIS) is among the 12 Best Food Stocks to Buy in 2026.

On December 18, 2025, TheFly reported that Deutsche Bank boosted its price objective for General Mills, Inc. (NYSE:GIS) from $50 to $51 while keeping a Hold rating. The firm revised its model in response to the company’s fiscal second-quarter earnings announcement.

Separately, Reuters reported that General Mills, Inc. (NYSE:GIS)’ second-quarter earnings on December 17, 2025, surpassed analyst estimates. Customers continued to eat at home instead of dining out, which supported consumer interest in breakfast cereals and pantry basics, and the company exceeded sales and profit projections. For the quarter that concluded on November 23, net sales fell 7% to $4.86 billion, surpassing analysts’ projections of $4.78 billion. The $1.10 per share adjusted results exceeded the $1.03 forecast. The firm confirmed its yearly forecast, predicting a 10% to 15% drop in profit and organic net sales ranging from a 1% gain to a 1% drop.

Jeff Harmening, the CEO of General Mills, Inc. (NYSE:GIS), noted better momentum in the first half of the fiscal year. However, he defined the quarter as a turbulent operating environment.

General Mills, Inc. (NYSE:GIS) is a multinational food packaging corporation.