5 Best Food Stocks with Highest Dividends

4. General Mills, Inc. (NYSE:GIS)

Dividend Yield as of April 24: 6.88%

On April 21, Stifel lowered its price recommendation on General Mills, Inc. (NYSE:GIS) to $40 from $44. It reiterated a Buy rating on the shares. The analyst said food group earnings remain under pressure. Weak volume growth is weighing on results. Reinvestment needs are also compressing margins, and sales growth may stay slower even after those investments are absorbed.

On April 14, BTIG initiated coverage of General Mills with a Neutral rating and no price target. The firm said the company’s growth fundamentals appear pressured. It also pointed to uncertainty around outcomes from the Remarkability playbook, a levered balance sheet, and a valuation that is not deeply discounted relative to U.S. food peers. The analyst added that growth reversion could support upside, though category positioning remains a concern.

General Mills, Inc. (NYSE:GIS) is a global manufacturer and marketer of branded consumer foods. Its segments include North America Retail, International, North America Pet, and North America Foodservice.