General Mills (NYSE:GIS) shares slid to a 52-week low of $50.13, underscoring the hurdles the company has encountered over the past year. The stock currently trades with a P/E ratio of 12.4 and offers a dividend yield of 4.8%, maintaining a remarkable streak of 55 consecutive years of dividend payments. Despite this, the share price has declined nearly 19% over the last 12 months, reflecting ongoing pressures within the competitive food sector. Investors remain attentive to how General Mills plans to address these challenges and revive growth moving forward.
In recent developments, General Mills finalized the sale of its U.S. yogurt portfolio, including well-known brands such as Yoplait and Go-Gurt, to Lactalis. This divestiture contributed roughly $1.2 billion to its fiscal 2025 net sales, which totaled $19 billion alongside an additional $1 billion from non-consolidated joint ventures.
Analyst sentiment has turned cautious, with UBS lowering its price target to $49 due to a softer-than-anticipated fiscal 2026 earnings outlook. Bernstein cut its target to $55, citing challenges from category headwinds and the influence of weight loss medications on consumer buying patterns. Evercore ISI adjusted its target to $54 while maintaining an “In Line” rating, forecasting flat sales year-over-year for fiscal 2026. Stifel reduced its price target to $56, noting a 3% dip in organic sales and a 27% decline in Q4 earnings per share, though it continues to hold a Buy rating based on the need for greater investment to drive volume gains.
These analyst updates highlight a cautious market stance amid a tough operating environment for General Mills.
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