What Is the Highest General Mills Stock Has Ever Been?

General Mills (NYSE: GIS) is a large packaged-food maker, operating a portfolio of brands that make it a vital partner to grocery stores around the world. It has the marketing, innovation, and distribution chops to stand toe to toe with any of its competitors. The highest price the stock has ever reached was in 2023, when the stock hit $90.61 per share. That peak was driven, at least partly, by the spike in inflation following the coronavirus pandemic, which allowed consumer staples makers to aggressively raise prices.The shares have now tumbled from that high-water mark by roughly 45%. A steep price decline like that can be a worrying sign, but in this case, it is likely an opportunity. General Mills is a well run and financially strong company with a long history of reliably paying dividends.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool