Target, General Mills, and PepsiCo Face Stock Declines Amid Economic Pressures
As of October 2023, Target’s stock has decreased by 66%, General Mills by 40%, and PepsiCo by 25%, despite the S&P 500 hovering near all-time highs. Target reported a 1.9% drop in same-store sales for Q2 2025, with an overall sales decline of 0.9%. General Mills experienced a 7% decrease in fiscal first-quarter sales; the company is prioritizing investments in innovation and advertising for fiscal 2026. PepsiCo saw organic sales growth of only 2.1% in Q2 2025, trailing behind Coca-Cola’s 5% growth, prompting shifts in its brand portfolio to adapt to consumer tastes.
All three companies are recognized for their reliable dividend payments, with yields currently at 5.2% for Target, 4.8% for General Mills, and 4% for PepsiCo. Investors looking to capitalize on these historically high yields may see these declines as opportunities for future recovery as these companies have previously navigated tough market conditions.
