General Mills, Inc. (NYSE: GIS) Has Another Chance To Impress You

Currently, there are 586.60M common shares owned by the public and among those 562.72M shares have been available to trade.

The company’s stock has a 5-day price change of -3.33% and 7.97% over the past three months. GIS shares are trading 4.14% year to date (YTD), with the 12-month market performance down to -21.63% lower. It has a 12-month low price of $60.33 and touched a high of $90.89 over the same period. GIS has an average intraday trading volume of 4.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.69%, 2.29%, and 1.23% respectively.

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Institutional ownership of General Mills, Inc. (NYSE: GIS) shares accounts for 80.30% of the company’s 586.60M shares outstanding.

It has a market capitalization of $38.30B and a beta (3y monthly) value of 0.15. The stock’s trailing 12-month PE ratio is 15.57, while the earnings-per-share (ttm) stands at $4.36. The company has a PEG of 2.09 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 1.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.13% over the week and 2.05% over the month.

Analysts forecast that General Mills, Inc. (GIS) will achieve an EPS of $Goldman Sachs Group, Inc. (The) for the current quarter, $396.86 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Genius Group Limited while analysts give the company a high EPS estimate of $Gap, Inc. (The). Comparatively, EPS for the current quarter was $General Mills, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 4.66%, and 4.03% over the next financial year. EPS should grow at an annualized rate of 7.46% over the next five years, compared to 3.46% over the past 5-year period.

Looking at the support for the GIS, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on February 01, 2024, with the firm’s price target at $67. RBC Capital Mkts coverage for the General Mills, Inc. (GIS) stock in a research note released on December 21, 2023 offered a Sector Perform rating with a price target of $72. HSBC Securities was of a view on September 22, 2023 that the stock is Hold, while Piper Sandler gave the stock Overweight rating on September 18, 2023, issuing a price target of $88- $77. JP Morgan on their part issued Neutral rating on September 18, 2023.

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