General Mills, Inc. (GIS) concluded trading on Wednesday at a closing price of $68.58, with 3.38 million shares of worth about $232.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.23% during that period and on October 23, 2024 the price saw a loss of about -0.72%. Currently the company’s common shares owned by public are about 559.10M shares, out of which, 552.94M shares are available for trading.
Stock saw a price change of -3.41% in past 5 days and over the past one month there was a price change of -7.04%. Year-to-date (YTD), GIS shares are showing a performance of 5.28% which increased to 8.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $61.47 but also hit the highest price of $75.90 during that period. The average intraday trading volume for General Mills, Inc. shares is 3.47 million. The stock is currently trading -4.50% below its 20-day simple moving average (SMA20), while that difference is down -5.13% for SMA50 and it goes to 0.73% higher than SMA200.
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General Mills, Inc. (NYSE: GIS) currently have 559.10M outstanding shares and institutions hold larger chunk of about 80.18% of that.
The stock has a current market capitalization of $38.07B and its 3Y-monthly beta is at 0.09. PE ratio of stock for trailing 12 months is 16.34, while it has posted earnings per share of $4.20 in the same period. Its PEG reads 5.50 and has Quick Ratio of 0.39 while making debt-to-equity ratio of 1.44. 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 1.28% while standing at 1.40% over the month.
Stock’s fiscal year EPS is expected to drop by -0.10% while it is estimated to increase by 4.20% in next year. EPS is likely to shrink at an annualized rate of 2.97% for next 5-years, compared to annual growth of 8.24% 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 Goldman on August 12, 2024 offering a Buy rating for the stock and assigned a target price of $76 to it. On May 15, 2024, Bernstein Upgrade their recommendations, while on February 01, 2024, Citigroup Initiated their ratings for the stock with a price target of $67. Stock get a Sector perform rating from RBC Capital Mkts on December 21, 2023.
