The stock of General Mills Inc. (NYSE:GIS) decreased by -$0.77 on Tuesday to $71.50, down -1.07 percent. The last five days have seen an average of 2,549,060 shares of common stock traded. 18 times new highs were reached in the current year, with a fall of -$12.25. The average number of shares traded over the last 20 days was 3,087,425, while the average volume over the last 50 days totaled 3,682,672.
GIS stock dropped -3.78% since last month. On 08/08/23, the company’s shares reached a one-month low of $71.20. The stock touched a high of $90.89 on 05/15/23, after rallying from a low of $71.20 in 52 weeks. The price of GIS stock has declined by -14.73% or -$12.25 this year, reaching a new high 18 times. Still, the stock price is down -21.33% from the 52-week high.
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Insider Transactions
GIS stock investors should be aware that General Mills Inc. (GIS) stock had its last reported insider trading activity 90 days ago on May 17. On May 17, Director Cordani David sold 8,675 shares at $89.55 each. This transaction resulted in the insider making $776,847. On May 16, Pallot Mark A sold 4,081 shares at a price of US$90.32. After the transaction, the insider now owns 13,121 shares. Chief Innovation Officer Benson Jodi J had earlier sold 3,009 shares on May 12 for $90.59 a share. The transaction was completed for $272,600.
Valuation Metrics
General Mills Inc. (GIS) has a trailing price-to-earnings (P/E) ratio of 16.58. Beta for the stock is 0.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.07, the price-to-book (PB) ratio of 4.04, and the price-to-cash flow ratio of 19.95.
Company paid $0.59 per share in dividends, an increase of 9.26% from $0.54 last year. A $0.05 dividend increase was reported on Wednesday June 28 2023.
Financial Health
For the three months ended May 30, General Mills Inc.’s quick ratio was 0.40, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.95, and the total debt to equity ratio is 1.12. As far as profitability goes, gross margin for the trailing twelve months is 32.60% percent. General Mills Inc.’s EBITDA margin for the year ended May 30 was 19.47%, whereas its operating margin stood at 17.50% for the same period. Based on annual data, it had gross profit of $6.55 billion and revenue of $20.09 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GIS’s return on assets (ROA) during the last 12 months has been 8.30%. There was a 13.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.10%.
Earnings Surprise
According to General Mills Inc.’s quarterly financial report for the quarter that ended May 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.03 billion, while revenues rose by 2.76% to $5.13 billion. It was predicted that General Mills Inc.’s quarterly earnings would be $1.12, but it ended up being $1.07, beating the consensus by 4.70%. EBITDA was $953.8 million for the quarter. At the end of General Mills Inc.’s most recent quarter ended May 30, its liabilities totaled 20.75 billion, while its total debt was $12.06 billion. Equity owned by shareholders amounts to $585.18 million.
Technical Picture
Here’s a quick look at General Mills Inc.’s (GIS) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 30.74%, suggesting the stock is Neutral, with a 17.04% historical volatility rate.
The stochastic %K and %D were 16.66% and 18.58% respectively, while the average true range (ATR) was 1.07. Based on the 14-day stochastic reading of 8.08%, the RSI (14) reading is 32.07%. On the 9-day MACD Oscillator, the stock is at -0.49, and the 14-day reading is at -1.32.
Analyst Ratings
In its most recent analyst report, Argus raised its rating on General Mills Inc. (NYSE: GIS) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned General Mills Inc. (GIS) an Hold rating. GIS is a stock that is recommended for selling by 2 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is GIS’s price target for the next 12 months?
The current consensus forecast for the stock is between $69.00 and $91.00, with a median target price of $82.00. In analyzing these forecasts, the average price target given by analysts for General Mills Inc. (GIS) is $81.06.
