Overview
- General Mills shares sit near a 15‑year low after a recent 52‑week trough put fresh pressure on the stock.
- The slide has pushed the dividend yield to about 6.6%, ranking among the S&P 500’s higher payouts despite 127 years of uninterrupted dividends.
- Management still guides for fiscal 2026 organic net sales to fall 1.5% to 2% and adjusted earnings per share to drop 16% to 20%.
- The company is reshaping its portfolio with the sale of its Brazil business and earlier disposals of yogurt and pet food brands to focus on higher‑margin lines.
- Leaders say a multiyear overhaul is boosting productivity and aims to restore price‑mix growth, and free cash flow continues to cover the dividend as the stock trades near 10.7 times expected earnings.