General Mills stock hits 52-week low at $48.29

General Mills stock reached a 52-week low, touching $48.29, reflecting a challenging period for the $25.79 billion food manufacturer. According to InvestingPro analysis, the stock appears undervalued, currently trading at an attractive P/E ratio of 9.2x with a substantial dividend yield of 4.95%. Over the past year, the stock has experienced a significant decline, with a 1-year change of -31.55%. Despite these challenges, InvestingPro data reveals the company’s impressive 55-year streak of maintaining dividend payments, demonstrating long-term financial resilience. This downturn highlights the pressures and market conditions affecting General Mills, as it navigates through a competitive landscape and evolving consumer preferences. The stock’s performance is a stark contrast to its previous highs and underscores the volatility and challenges in the food manufacturing sector. Investors are closely watching how General Mills will strategize to regain momentum and address these financial headwinds. For deeper insights into General Mills’ valuation and prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, General Mills reported first-quarter fiscal 2026 earnings per share of $0.86, surpassing analyst estimates by $0.05. Despite this earnings beat, the company maintained its fiscal year 2026 guidance. UBS subsequently lowered its price target for General Mills to $47, maintaining a Sell rating, citing growth concerns. Meanwhile, TD Cowen held its $48 price target with a Hold rating, noting that the company’s organic sales declined by 3% in the quarter, aligning with expectations.

General Mills also announced significant organizational changes aimed at enhancing its supply chain competitiveness. This initiative involves closing several manufacturing facilities, including the North America Foodservice pizza crust facility in St. Charles, Missouri, and two pet manufacturing facilities in Joplin, Missouri. These actions are expected to result in approximately $82 million in restructuring charges. Additionally, the company declared a quarterly dividend of $0.61 per share, payable on November 3, 2025, to shareholders of record as of October 10, 2025. Lastly, General Mills held its 2025 annual meeting, where shareholders approved all board nominees and executive pay proposals.

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