Wall Street Analysts See Low Double-Digit Upside for General Mills Stock

The consumer staples giant has lagged the broader market over the past year, but analysts expect modest gains ahead.

Published on Feb. 9, 2026

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General Mills, the global food manufacturer behind brands like Cheerios, Annies, and Blue Buffalo, has seen its stock underperform the broader market over the past year. However, Wall Street analysts anticipate a low double-digit upside potential for the company's shares based on their average price target.

Why it matters

As a defensive consumer staples stock, General Mills is often seen as a safe haven for investors looking to weather market volatility. However, the company's recent financial performance, including declining sales and flat revenue expectations, have dampened enthusiasm for the stock among some analysts.

The details

General Mills, which has a market cap of $25.5 billion, operates through North America Retail, International, North America Pet, and North America Foodservice segments. The company's shares have declined 19.9% over the past 52 weeks, underperforming the S&P 500's 14% gain. For the fiscal year ending in May 2026, analysts expect General Mills to report a 13.3% year-over-year decline in adjusted EPS to $3.65, though the company has a history of beating earnings estimates.

  • General Mills was founded in 1866 in Minneapolis, Minnesota.
  • The company's shares have declined 19.9% over the past 52 weeks.

The players

General Mills, Inc.

A global manufacturer and marketer of branded consumer foods sold through retail stores, operating through North America Retail, International, North America Pet, and North America Foodservice segments.

Christopher Carey

An analyst at Wells Fargo who maintained a 'Hold' rating on General Mills stock and lowered the price target from $51 to $49.

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The takeaway

While General Mills has struggled to keep pace with the broader market in recent years, Wall Street analysts see modest upside potential for the stock based on their average price target. However, the company's declining sales and flat revenue expectations have dampened enthusiasm for the stock among some investors, highlighting the challenges facing the consumer staples giant.