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Updated · MarketWatch · May 1General Mills shares slip 1.67% and underperform competitors
11 articles · Updated · MarketWatch · May 1
- The stock closed at $34.72 on Friday as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
- General Mills ended 37.92% below its 52-week high of $55.93, reached on 2 May.
- Among peers, Mondelez fell 0.11% to $61.37, Kraft Heinz dropped 0.75% to $22.49, and Hershey declined 1.83% to $182.34.
With its stock cheap but sales falling, is General Mills a brilliant value buy or a classic investment trap? Is General Mills' huge bet on pet food a path to recovery or a massive financial risk waiting to unravel? As weight-loss drugs shrink appetites, can General Mills innovate beyond just smaller portions to actually thrive?