General Mills shares slid yesterday as the company faced a broader selloff across the packaged foods sector, with peers like Conagra Brands and Lamb Weston also experiencing significant declines of 4.7% and 3.7% respectively.
While the company announced at its annual meeting that it is targeting $3 billion in savings to map out its fiscal 2027 growth plan, the stock struggled to find support amid negative sentiment toward traditional dividend-paying stocks. The downward pressure occurred despite the company declaring its regular quarterly d