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General Mills Stock Plummets, Yields High but Fundamentals Weak

Published 1 day, 1 hour ago
Description

General Mills stock has plummeted, with a 23% drop this year and a 38% decline over the past year. The companys earnings are expected to fall double digits, and sales have slipped, particularly in North American retail. Despite a high dividend yield of 6.53%, its mostly due to the falling share price. Analysts are cautious, with most recommending hold and an average target price of $42.11, indicating an 18% upside. However, rising oil prices could exacerbate cost issues. Income seekers might be tempted by the yield, but investors should monitor fundamentals before investing.

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