General Mills Inc. (NYSE:GIS) saw a downside of -2.08% to close Monday at $68.75 after subtracting -$1.46 on the day. The 5-day average trading volume is 4,182,960 shares of the company’s common stock. It has gained $72.10 in the past week and touched a new high 1 time within the past 5 days. An average of 3,448,350 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,823,928.
GIS’s 1-month performance is -10.71% or -$8.25 on its low of $68.19 reached on 08/21/23. The company’s shares have touched a 52-week low of $70.09 and high of $90.89, with the stock’s rally to the 52-week high happening on 05/15/23. YTD, GIS has lost -18.01% or -$15.10 and has reached a new high 18 times. However, the current price is down -24.36% from the 52-week high price.
Insider Transactions
GIS stock investors last saw insider trading activity on May 17.Cordani David (Director) most recently sold 8,675 shares at $89.55 per share on May 17. This transaction cost the insider $776,847. Chief Accounting Officer, Pallot Mark A, sold 4,081 shares at a price of $90.32 on May 16. Then, on May 12, Chief Innovation Officer Benson Jodi J sold 3,009 shares at a price of $90.59 per share. This transaction amounted to $272,600.
Valuation Metrics
GIS stock has a beta of 0.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.99 while the price-to-book (PB) in the most recent quarter is 3.89, with the price to cash flow ratio at 19.15.
General Mills Inc.’s quick ratio for the period ended May 30 was 0.40, with the current ratio over the same period at 0.70. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.95, while the total debt to equity was 1.12. In terms of profitability, the gross margin trailing 12 months is 32.60%. The firm’s gross profit as reported stood at $6.55 billion against revenue of $20.09 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -33.81% to $614.9 million, while revenue of $553.1 million was 10.05% off the previous quarter. Analysts expected GIS to announce $1.07 per share in earnings in its latest quarter, but it posted $1.12, representing a 4.70% surprise. EBITDA for the quarter stood at more than $953.8 million. GIS stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 20.75 billion, with total debt at $12.06 billion. Shareholders hold equity totaling $585.18 million.
Let’s look briefly at General Mills Inc. (GIS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 18.21% to suggest the stock is trending oversold, with historical volatility in this time period at 14.35%.
The stock’s 5-day moving average is $70.46, reflecting a -4.87% or -$3.52 change from its current price. GIS is currently trading -11.00% above its 20-day SMA, -18.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.82% and SMA200 by-14.37%.
Stochastic %K and %D was 3.28% and 3.32% and the average true range (ATR) pointed at 1.15. The RSI (14) points at 23.15%, while the 14-day stochastic is at 7.22% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at -1.56 and -2.40 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for General Mills Inc. (NYSE: GIS), Argus upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for GIS stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate GIS as a “sell,”, while 11 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is GIS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $69.00 and a high of $91.00, with their median price target at $82.00. Looking at these predictions, the average price target given by analysts is for General Mills Inc. (GIS) stock is $80.29.
