General Mills (NYSE:GIS) stock closed at a new 52-week low of $49.61, marking a 23% decline over the past year. Despite the drop, the company continues to offer a solid dividend yield of 4.87% and has maintained dividend payments for 55 consecutive years. The recent decline underscores the ongoing competitive pressures General Mills faces in the consumer goods sector.
Investors are closely monitoring the company’s strategies as it navigates this challenging environment. While the stock’s low price may present a value opportunity for some, market volatility calls for cautious optimism.
In fiscal 2025, General Mills reported net sales of $19 billion, plus an additional $1 billion from non-consolidated joint ventures. The company completed the sale of its U.S. yogurt business to Lactalis, adding roughly $1.2 billion to its net sales for the year. Proceeds from the sale are earmarked for share buybacks and debt reduction.
Analyst opinions on General Mills’ outlook remain mixed. Stifel reaffirmed a Buy rating with a $56 price target, citing progress in volume improvements. Meanwhile, UBS downgraded its price target to $49 and kept a Sell rating, following weaker-than-expected fiscal 2026 guidance. Bernstein also lowered its target to $55 due to category headwinds and concerns about the impact of weight loss medications. Evercore ISI adjusted its target to $54 with an “In Line” rating, noting challenges in organic sales growth.
These varied views highlight the uncertainty surrounding General Mills’ near-term performance and strategic direction.
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