News about General Mills

General Mills shares are down around 30% over the past year, while the average consumer staples stock is up nearly 10%, and Bank of America and Evercore ISI cut their price targets after fiscal first-quarter 2027 results. Sales fell 3% and organic sales were flat, an improvement from the 5% drop and 2% organic decline a year earlier, with food service and international businesses growing. The article says the company is adjusting after cutting prices in fiscal 2026, but the dividend is a risk: adjusted EPS of $0.75 against a $0.61 dividend implies a payout ratio of roughly 80%. With a 7.3% yield, investors are paid while they wait for a turnaround, and a 27-year company veteran becomes CEO at the start of 2027.