Some Investing Thoughts On General Mills, Inc. (NYSE: GIS)

General Mills, Inc. (GIS) concluded trading on Wednesday at a closing price of $65.51, with 3.62 million shares of worth about $237.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.17% during that period and on July 24, 2024 the price saw a gain of about 2.38%. Currently the company’s common shares owned by public are about 559.10M shares, out of which, 555.96M shares are available for trading.

Stock saw a price change of 0.26% in past 5 days and over the past one month there was a price change of -3.76%. Year-to-date (YTD), GIS shares are showing a performance of 0.57% which decreased to -15.20% 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 $77.63 during that period. The average intraday trading volume for General Mills, Inc. shares is 3.89 million. The stock is currently trading 2.80% above its 20-day simple moving average (SMA20), while that difference is down -1.36% for SMA50 and it goes to -0.68% lower than SMA200.

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General Mills, Inc. (NYSE: GIS) currently have 559.10M outstanding shares and institutions hold larger chunk of about 79.91% of that.

The stock has a current market capitalization of $36.56B and its 3Y-monthly beta is at 0.09. PE ratio of stock for trailing 12 months is 15.21, while it has posted earnings per share of $4.31 in the same period. Its PEG reads 4.79 and has Quick Ratio of 0.38 while making debt-to-equity ratio of 1.42. 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 2.50% while standing at 1.92% over the month.

Stock’s fiscal year EPS is expected to drop by -0.48% while it is estimated to increase by 5.12% in next year. EPS is likely to shrink at an annualized rate of 3.17% for next 5-years, compared to annual growth of 8.24% made by the stock over the past 5-years.

Coverage by Bernstein stated General Mills, Inc. (GIS) stock as a Mkt perform in their note to investors on May 15, 2024, suggesting a price target of $70 for the stock. On February 01, 2024, Citigroup Initiated their recommendations, while on December 21, 2023, RBC Capital Mkts Reiterated their ratings for the stock with a price target of $72. Stock get a Hold rating from HSBC Securities on September 22, 2023.

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