Overview
- The shares trade near a 15‑year low with a roughly 6.6% dividend yield and a forward price‑to‑earnings ratio near 10.7.
- With one quarter left in fiscal 2026, the company guides organic net sales down 1.5% to 2% and adjusted earnings per share down 16% to 20%.
- Management points to a multiyear overhaul that lifts productivity and shifts sales toward higher‑margin items.
- The portfolio reset includes the sale of the Brazil business and earlier exits from yogurt and select pet food brands.
- Despite weaker results, free cash flow still covers a dividend that has not been cut in 127 years.