General Mills Inc. (GIS) Reached A New High 5 times During The Past Five Days


At the last check on Friday, General Mills Inc.’s (NYSE:GIS) stock was up $0.08, moving up 0.09 percent to $82.86. The average number of shares traded per day over the past five days has been 2,370,621 shares. 5 times new highs have been achieved over the past 5 days, with a $3.13 gain in that time frame. In the last twenty days, the average volume was 3,643,810, while in the previous 50 days, it was 3,943,692.

Since last month, GIS stock rose 5.72%. Shares of the company fell to $75.77 on 11/11/22, the lowest level in the past month. A 52-week high of $82.97 was reached on 11/25/22 after having rallying from a 52-week low of $61.41. Since the beginning of this year, GIS’s stock price has risen by 22.86% or $15.52, and marked a new high 33 times. However, the stock has declined by -0.14% since its 52-week high.

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GIS stock investors should be aware that General Mills Inc. (GIS) stock had its last reported insider trading activity 3 days ago on Nov 22. OGrady Shawn P, the Group President of the company, disposed of 20,019 shares for $82.50 on Nov 22. It resulted in a $1,651,568 divestment by the insider. Cordani David sold 26,100 shares at an average price of $76.18 on Nov 11. The insider now owns 15,976 shares following the transaction. On Nov 09, Group President OGrady Shawn P sold 32,114 shares at $80.50 apiece. The transaction was valued at $2,585,177.

Valuation Metrics

Right now, General Mills Inc. (GIS) has a P/E ratio of about 17.41. The stock’s beta is 0.31. Besides these, the trailing price-to-sales (P/S) ratio of 2.52, the price-to-book (PB) ratio of 4.70, and the price-to-cash flow ratio of 31.77 may also be considered.

The latest dividend of $0.54 per share was paid out, remained unchanged from last year’s $0.54. On Wednesday June 29 2022, a $0.03 dividend increase was announced.

Financial Health

In the three months ended August 30, General Mills Inc.’s quick ratio stood at 0.40, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending August 30 was 0.80, and the total debt-to-equity ratio was 1.09. On the profitability front, the trailing twelve-month gross margin is 32.60% percent. In the year ended August 30, operating margins totaled 19.90%. Based on annual data, GIS earned $6.4 billion in gross profit and brought in $18.99 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.50%. Return on equity (ROE) for the past 12 months was 28.70%.

In General Mills Inc.’s quarter-end financial report for August 30, it reported total debt of $8.47 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GIS’s revenue rose 3.77% to $4.89 billion during the quarter, while net income inched up to $4.72 billion. While analysts expected General Mills Inc. to report $1 quarterly earnings, the actual figure was $1.11 per share, beating the consensus estimate by 11.00%. During the quarter, the company generated $1.22 billion in EBITDA. The liabilities of General Mills Inc. were 20.28 billion at the end of its most recent quarter ended August 30, and its total debt was $11.56 billion. The value of shareholders’ equity is $593.54 million.

Technical Picture

This quick technical analysis looks at General Mills Inc.’s (GIS) price momentum. With a historical volatility rate of 9.19%, the RSI 9-day stood at 72.27% on 23 November.

With respect to its five-day moving average, the current General Mills Inc. price is up by +3.92% percent or $3.13. At present, GIS shares trade +3.79% above its 20-day simple moving average and +8.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.43% above its SMA50 and +21.61% above its SMA200.

Stochastic coefficient K was 95.26% and Stochastic coefficient D was 95.25%, while ATR was 1.51. Given the Stochastic reading of 91.06% for the 14-day period, the RSI (14) reading has been calculated as 66.17%. As of today, the MACD Oscillator reading stands at 2.16, while the 14-day reading stands at 2.62.

Analyst Ratings

Exane BNP Paribas launched its rating on General Mills Inc. (NYSE: GIS) to an Outperform in a note to investors on November 15, 2022. General Mills Inc. (GIS) has been rated Hold by analysts. According to 2 brokerage firms, GIS is a sell, and 14 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate General Mills Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $80.00, the current consensus forecast for the stock is $63.00 – $90.00. Based on these forecasts, analysts predict General Mills Inc. (GIS) will achieve an average price target of $78.61.


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