General Mills Inc. (GIS): Here Are Some Research Recommendations

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General Mills Inc. (NYSE:GIS) finished Thursday with an addition of $1.06 to close at $80.78, an upside of 1.33 percent. An average of 7,112,820 shares of common stock have been traded in the last five days. There was a gain of $5.71 in the past week, and it reached a new high 47 times over the past 12 months. The last 20 days have seen an average of 4,426,935 shares traded, while the 50-day average volume stands at 3,746,024.

GIS stock has increased by 3.74% in the last month. The company shares reached their 1-month lowest point of $73.78 on 09/15/22. With the stock rallying to its 52-week high on 09/22/22, shares of the company touched a low of $58.70 and a high of $81.04 in 52 weeks. It has reached a new high 28 times so far this year and achieved 19.89% or $13.40 in price. In spite of this, the price is down -0.32% from the 52-week high.


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Insider Transactions

2 days have passed since General Mills Inc. (GIS) last reported insider trading activity. HARMENING JEFFREY L, who is CEO, most recently acquired $37,895 shares at $80.00 per share on Sep 21. In this transaction, the insider spent $3,031,600. Chief Innovation Officer, Benson Jodi J, disposed of 15,685 shares at a price of $75.25 on Aug 04. The insider now owns more than $1,180,296 worth of shares. Prior to that, Chief S&G Officer McNabb Dana M went on to Sale 10,993 shares at $76.16 each on Jul 06. An amount of $837,174 was transacted.

Valuation Metrics

General Mills Inc. (GIS) has a trailing price-to-earnings (P/E) ratio of 18.27. The stock’s beta is 0.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.53, the price-to-book (PB) ratio at 4.63, and the price-to-cash flow ratio at 31.94.

The company has a payout ratio of 45.80%. The company’s most recent quarterly dividend payment was $0.54 a share, without any change from last year. Its latest increase dividend $0.03 reported on Wednesday June 29 2022.

Financial Health

The quick ratio of General Mills Inc. for the three months ended August 30 was 0.40, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 1.10 for the quarter ending August 30. Its gross profit as reported stood at $6.4 billion compared to revenue of $18.99 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, General Mills Inc.’s return on assets was 8.50%.

Earnings Surprise

For the three-month period that ended August 30, General Mills Inc. had $8.47 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $820.0 million in the quarter, while revenues of $822.8 million were grew 23.54%. The analyst consensus anticipated General Mills Inc.’s latest quarter earnings to come in at $1 per share, but it turned out to be $1.11, a 11.00% surprise. For the quarter, EBITDA amounted to $1.22 billion. Shareholders own equity worth $593.54 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at General Mills Inc. (GIS) price momentum. RSI 9-day as of the close on 22 September was 75.43%, suggesting the stock is Overbought, with historical volatility in this time frame at 31.19%.

As of today, GIS’s price is $77.40 +7.61% or $5.71 from its 5-day moving average. GIS is currently trading +2.97% higher than its 20-day SMA and +14.21% higher than its 100-day SMA. However, the stock’s current price level is +5.69% above the SMA50 and +25.36% above the SMA200.

The stochastic %K and %D were 70.31% and 53.76%, respectively, and the average true range (ATR) was 1.80. With the 14-day stochastic at 93.83% and the average true range at 1.63, the RSI (14) stands at 69.28%. The stock has reached 2.31 on the 9-day MACD Oscillator while the 14-day reading was at 2.44.

Analyst Ratings

UBS launched coverage on General Mills Inc. (NYSE: GIS) in its analyst report released on March 30, 2022. The firm assigned the stock a Neutral rating. The consensus rating for General Mills Inc. (GIS) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell GIS, while 15 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is GIS’s price target for the next 12 months?

Analysts predict a range of price targets between $63.00 and $88.00, with a median target of $77.00. Taking a look at these predictions, the average price target given by analysts for General Mills Inc. (GIS) stock is $76.88.

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