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General Mills (NYSE:GIS) stock reached a 52-week low, touching 50.13 USD, reflecting the challenges the company has faced over the past year. Trading at a P/E ratio of 12.4 with a notable dividend yield of 4.8%, the company has maintained dividend payments for 55 consecutive years. This decline marks a significant downturn, with the stock experiencing a 1-year change of -18.95%. The drop comes amid various market pressures and competitive dynamics that have impacted the food industry as a whole. Investors are closely watching how General Mills navigates these challenges and what strategies it might employ to regain momentum in the coming months. According to InvestingPro data, 11 analysts have recently revised their earnings expectations downward, though the company’s current valuation suggests it may be undervalued relative to its Fair Value.
In other recent news, General Mills has completed the sale of its U.S. yogurt business to Lactalis, including brands like Yoplait and Go-Gurt, contributing approximately $1.2 billion to its fiscal 2025 net sales. The company reported total fiscal 2025 net sales of $19 billion, with an additional $1 billion from non-consolidated joint ventures. UBS has lowered its price target for General Mills to $49, citing a weaker-than-expected fiscal 2026 earnings outlook. Bernstein also reduced its price target to $55, pointing to category headwinds and the impact of weight loss medications on consumer behavior. Evercore ISI adjusted its target to $54, maintaining an "In Line" rating while projecting flat year-over-year sales for fiscal 2026. Stifel lowered its price target to $56, highlighting a 3% decline in organic sales and a 27% drop in earnings per share in the fourth quarter. Despite these challenges, Stifel maintains a Buy rating, emphasizing the necessity of increased investment spending to enhance volume performance. These developments reflect a cautious outlook from analysts amid a challenging market environment for General Mills.
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