General Mills, Inc. (NYSE:GIS) is a leading global food company known for its popular brands like Cheerios and Yoplait. The company operates in the consumer packaged goods industry, competing with other giants like Kellogg's and Nestlé. Recently, Scott Marks from Jefferies set a new price target for GIS at $47, down from a previous target of $50, as reported by TheFly.

At the time of the announcement, GIS was trading at $46.32, showing a slight difference of 1.47% from the new target. Currently, the stock is priced at $46.24, reflecting a 1.15% increase today, or $0.53. The stock has fluctuated between $45.82 and $46.70 during the day's trading.

Analysts expect General Mills to report a decline in earnings and revenues for the quarter ending November 2025. This outlook is crucial for assessing the company's future performance. The upcoming earnings report, set for December 17, could significantly influence the stock's price, depending on whether the results meet or exceed expectations.

General Mills' management will address business conditions during the earnings call, which will be key in evaluating the sustainability of any immediate price changes. Investors are particularly interested in any signs of a positive earnings per share (EPS) surprise, which could boost the stock's performance.

The stock has a market capitalization of approximately $25.42 billion and a trading volume of 4,693,176 shares. Over the past year, GIS has seen a high of $67.35 and a low of $45.15, indicating significant volatility. The upcoming earnings report will be closely watched by investors and analysts alike.