×

Goldman: Sell General Mills as sales set to slump

Customers shop near a display of General Mills Cheerios cereal at a Costco Wholesale store in Louisville, Kentucky.
Luke Sharrett | Bloomberg | Getty Images
Customers shop near a display of General Mills Cheerios cereal at a Costco Wholesale store in Louisville, Kentucky.

Investors should sell shares of General Mills because of weakening sales, declining profit margins and elevated valuation, according to Goldman Sachs.

"The top line is under pressure and U.S. Retail, which drives nearly three-quarters of the company's operating profit, is witnessing weakness and share losses across categories," Goldman Sachs' Jason English wrote in a note to clients late Monday.



Contact Investing

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.