FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
General Mills (NYSE:GIS) stock has reached a new 52-week low, closing at 49.61 USD. This milestone marks a significant downturn for the company, reflecting a 23% decrease over the past year. The company maintains a robust 4.87% dividend yield and has consistently paid dividends for 55 consecutive years, according to InvestingPro data. The decline in General Mills’ stock price highlights ongoing challenges the company faces in a competitive market environment. Investors are closely watching the company’s performance and strategic moves as it navigates through these difficulties. The recent low could signal potential opportunities for value investors, although caution remains paramount given the volatile market conditions. InvestingPro’s Fair Value analysis suggests the stock is slightly undervalued at current levels, with additional insights available in the comprehensive Pro Research Report.
In other recent news, General Mills reported total fiscal 2025 net sales of $19 billion, with an additional $1 billion from non-consolidated joint venture net sales. The company completed the sale of its U.S. yogurt business to Lactalis, a move that contributed approximately $1.2 billion to its fiscal 2025 net sales. Proceeds from the sale are planned for share repurchases and debt reduction. Stifel reiterated its Buy rating with a $56 price target, citing encouraging progress in General Mills’ investments to improve volumes. Conversely, UBS lowered its price target to $49, maintaining a Sell rating due to a weaker-than-expected fiscal 2026 guidance. Bernstein also reduced its price target to $55, citing ongoing category headwinds and potential impacts from weight loss medications. Evercore ISI adjusted its target to $54, maintaining an "In Line" rating while acknowledging challenges in organic sales growth. These developments reflect varied analyst perspectives on General Mills’ financial outlook and strategic moves.
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