PREVIEW: General Mills seen reporting decline in rev in results due Wednesday

Shares of General Mills GIS.N ended off 0.1% on Tues, with the cereal and other consumer food co seen reporting a decline in yr/yr rev in quarterly results, due before the bell on Wed

Analysts expect Q2 rev of $4.78 bln vs $5.24 bln in the yr-ago period and adj EPS of $1.03 vs $1.40 a yr ago, according to LSEG

Investors may be keen for comments on consumer spending and price trends

In September, GIS maintained its annual sales and profit forecasts, with the co seeing quarterly volumes in its North America segment declining compared with a year earlier

Analyst recommendations on the stock include four "strong buy" or "buy" ratings, 15 "hold" ratings and three "sell" ratings, per LSEG

The median PT on GIS is $52; the stock last at $47.02

Earlier this week, TD Cowen cut its PT on GIS to $45 from $48 and Bernstein raised its PT to $55 from $54

GIS is down 26.3% YTD compared with a 15.6% gain in the S&P 500 .SPX in that period