General Mills (GIS) is the Benchmark of Bad, Says Jim Cramer

SelfRugger · 2026-02-23T15:24:35+00:00

Jim Cramer labels General Mills (GIS) as a "benchmark of bad," citing a significant decline in shares and unfavorable fiscal updates. Analysts have revised down price targets amid concerns over sales and profit drops, favoring AI stocks for potential returns.

SelfRugger

2026-02-23 15:24:35

Abstract generation in progress

General Mills (GIS) is the Benchmark of Bad, Says Jim Cramer

Ramish Cheema

Mon, February 23, 2026 at 2:05 AM GMT+9 2 min read

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GIS

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We recently published 10 Stocks On Jim Cramer’s Mind & His Thoughts On Enterprise AI. General Mills, Inc. (NYSE:GIS) is one of the stocks on Jim Cramer’s mind.

General Mills, Inc. (NYSE:GIS) is one of the largest consumer food products companies in America. Its shares are down by 26% over the past year and by 2.4% year-to-date. The firm provided an update to its fiscal year 2026 estimates earlier this week. The update wasn’t comforting for investors as it saw General Mills, Inc. (NYSE:GIS) increase its annual sales drop guidance to 1.5% to 2% from an earlier range of a 1% drop to a 1% growth. The firm also expects its operating profit and earnings per share to drop between 16% to 20% from an earlier 10% to 15%. Following the update, Bank of America reduced General Mills, Inc. (NYSE:GIS)’s share price target to $55 from $61 and set a Buy rating. BofA commented that the current valuation is an adequate reflection of the short-term pressures on the North American retail market. In mid-January, Bernstein had cut General Mills, Inc. (NYSE:GIS)’s share price target to $53 from $54 and kept a Market Perform rating. Cramer briefly commented on the update and recalled a past where the firm was different:

General Mills (GIS) is the Benchmark of Bad, Says Jim Cramer

“General Mills which by the way reported a, they did a preannouncement, you don’t want to be there, that the benchmark of bad, but that’s at 12 times earnings.

While we acknowledge the potential of GIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

**READ NEXT: 30 Stocks That Should Double in 3 Years and **11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey****.****

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