Piper Sandler downgrades General Mills to Neutral, warning of dividend cut risk
FROM THE WIRE · SEEKINGALPHA.COM
[General Mills Corporate Headquarters and Sign] Wolterk Piper Sandler lowered its rating on General Mills (GIS [https://seekingalpha.com/symbol/GIS]) to Neutral from Overweight to Neutral as it warned about ongoing operating pressures and a heightened risk of a dividend cut.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRisk of a dividend cut can weigh on the shares of a large food company.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Piper Sandler lowered its rating from Overweight to Neutral.
- 02The dividend payout ratio is about 80%, versus a historical average of 50%.
- 03The analyst estimates a 35% dividend cut in FY28.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets