ING Groep NV, Private Advisor Group LLC, and Principal Financial Group Inc. have increased their General Mills, Inc. stakes while the food manufacturing company has reached a 52-week low at $56.7. Despite market uncertainties, General Mills remains an attractive high-dividend and cash-rich investment. It has recently unveiled impressive growth rates, returning $11B to shareholders and boasting nine billion-dollar brands. Various institutional investors like Handelsbanken Fonder AB and MOKAN Wealth Management Inc have purchased more General Mills shares, proving its attractiveness as a buy-and-hold dividend stock. However, financial advisory firms and banks have lowered General Mills' price targets, being pessimistic about the stock price. As part of its 'Accelerate Strategy,' the firm is attempting to shape its prospects for long-term growth. General Mills' future seems intriguing as it intends to increase its media investment by fiscal 2025. Despite selling off its yogurt business and facing rising debt costs, General Mills is still reshaping its portfolio and advancing its strategy. However, its quarterly dividend has been declared, and it extends its 126-year dividend streak, offering shareholders a $0.60 per share payout.
General Mills GIS News Analytics from Thu, 22 Aug 2024 07:00:00 GMT to Sat, 22 Feb 2025 10:02:42 GMT -
Rating -3
- Innovation 2
- Information 7
- Rumor 3
