# General Mills Stock Drops 30% as Analysts Cut Targets

> Wall Street analysts keep cutting General Mills price targets despite the food giant's dividend history.
- Title: General Mills Stock Drops 30% as Analysts Cut Targets
- Summary: Wall Street analysts keep cutting General Mills price targets despite the food giant's dividend history. General Mills stock fell 30% over the past year as…
- Keywords: general mills, wall street, price targets, dividend, consumer staples, fiscal 2027, fiscal 2026, finance, money, General, Mills, Stock
- Source: The Motley Fool — https://fool.com/investing/2026/10/20/general-mills-stock-is-down-30-and-wall-street-ana
- Author: Reuben Gregg Brewer
- Published: 2026-10-20T18:15:00+00:00
- Read time: 1 min
- Topics: general mills, wall street, price targets, dividend, consumer staples, fiscal 2027, fiscal 2026, finance, money
## General Mills Stock Down 30%
Shares of General Mills are down around 30% over the past year, worse than the average consumer staples stock which is up nearly 10%.
## Wall Street Analysts Cut Targets
Only three analysts rate General Mills a buy despite no rating cuts after fiscal first-quarter 2027 earnings.
## Consumer Staples Challenges
General Mills faces changing consumer habits, inflation, and rising costs as it struggles with sales falling 3% in fiscal 2027.
## Dividend Stability
General Mills has held its dividend steady during past downturns, with a 7.10% yield and a payout ratio of 80%.
## Fiscal 2026 Transition
General Mills cut prices in fiscal 2026 to align with consumer spending levels, resulting in a weak financial year.
## Long-Term Dividend Focus
The company plans to reduce leverage and modernize brands while maintaining its dividend commitment.
## Key takeaway

General Mills stock fell 30% over the past year as Wall Street analysts cut price targets, but its long history of dividend stability suggests it may recover.