General Mills, Inc. (NYSE: GIS): Analyst View Points To Future Growth

General Mills, Inc. (GIS) concluded trading on Wednesday at a closing price of $68.99, with 4.38 million shares of worth about $302.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.24% during that period and on April 3, 2024 the price saw a loss of about -2.23%. Currently the company’s common shares owned by public are about 586.60M shares, out of which, 562.73M shares are available for trading.

Stock saw a price change of 0.95% in past 5 days and over the past one month there was a price change of 7.18%. Year-to-date (YTD), GIS shares are showing a performance of 5.91% which decreased to -19.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $60.33 but also hit the highest price of $90.89 during that period. The average intraday trading volume for General Mills, Inc. shares is 4.31 million. The stock is currently trading 2.17% above its 20-day simple moving average (SMA20), while that difference is up 5.26% for SMA50 and it goes to 2.14% higher than SMA200.

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General Mills, Inc. (NYSE: GIS) currently have 586.60M outstanding shares and institutions hold larger chunk of about 79.12% of that.

The stock has a current market capitalization of $38.95B and its 3Y-monthly beta is at 0.14. PE ratio of stock for trailing 12 months is 15.83, while it has posted earnings per share of $4.36 in the same period. Its PEG reads 2.12 and has Quick Ratio of 0.40 while making debt-to-equity ratio of 1.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GIS, volatility over the week remained 1.44% while standing at 1.95% over the month.

Analysts are in expectations that General Mills, Inc. (GIS) stock would likely to be making an EPS of $1 in the current quarter, while forecast for next quarter EPS is $1.15 and it is $4.68 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.97 which is $1.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.66% while it is estimated to increase by 4.02% in next year. EPS is likely to grow at an annualized rate of 7.46% for next 5-years, compared to annual growth of 3.46% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on February 01, 2024 offering a Neutral rating for the stock and assigned a target price of $67 to it. Coverage by RBC Capital Mkts stated General Mills, Inc. (GIS) stock as a Sector perform in their note to investors on December 21, 2023, suggesting a price target of $72 for the stock. On September 22, 2023, HSBC Securities Initiated their recommendations, while on September 18, 2023, Piper Sandler Reiterated their ratings for the stock with a price target of $77. Stock get a Neutral rating from JP Morgan on September 18, 2023.

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