As of Wednesday close, General Mills Inc.’s (NYSE:GIS) stock was down -$0.21, moving down -0.31 percent to $68.28. The average number of shares traded per day over the past five days has been 3,120,680 shares. 4 times new highs have been achieved over the past 5 days, with a $0.14 gain in that time frame. In the last twenty days, the average volume was 3,480,680, while in the previous 50 days, it was 3,733,890.
Since last month, GIS stock retreated -8.15%. Shares of the company fell to $67.78 on 08/24/23, the lowest level in the past month. A 52-week high of $90.89 was reached on 05/15/23 after having rallying from a 52-week low of $67.78. Since the beginning of this year, GIS’s stock price has dropped by -18.57% or -$15.57, and marked a new high 18 times. However, the stock has declined by -24.88% since its 52-week high.
GIS stock investors should be aware that General Mills Inc. (GIS) stock had its last reported insider trading activity 106 days ago on May 17. Cordani David, the Director of the company, disposed of 8,675 shares for $89.55 on May 17. It resulted in a $776,847 divestment by the insider. Pallot Mark A sold 4,081 shares at an average price of $90.32 on May 16. The insider now owns 13,121 shares following the transaction. On May 12, Chief Innovation Officer Benson Jodi J sold 3,009 shares at $90.59 apiece. The transaction was valued at $272,600.
Valuation Metrics
Right now, General Mills Inc. (GIS) has a P/E ratio of about 15.83. The stock’s beta is 0.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.96, the price-to-book (PB) ratio of 3.86, and the price-to-cash flow ratio of 18.90 may also be considered.
The latest dividend of $0.59 per share was paid out, which is 9.26% more than last year’s $0.54. On Wednesday June 28 2023, a $0.05 dividend increase was announced.
Financial Health
In the three months ended May 30, General Mills Inc.’s quick ratio stood at 0.40, while its current ratio was 0.70, 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 May 30 was 0.95, and the total debt-to-equity ratio was 1.12. On the profitability front, the trailing twelve-month gross margin is 32.60% percent. In the year ended May 30, EBITDA margin amounted to 19.47%, whereas operating margins totaled 17.50%. Based on annual data, GIS earned $6.55 billion in gross profit and brought in $20.09 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 13.10%. Return on equity (ROE) for the past 12 months was 25.10%.
In General Mills Inc.’s quarter-end financial report for May 30, it reported total debt of $9.97 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 2.76% to $5.13 billion during the quarter, while net income inched up to $5.03 billion. While analysts expected General Mills Inc. to report $1.07 quarterly earnings, the actual figure was $1.12 per share, beating the consensus estimate by 4.70%. During the quarter, the company generated $953.8 million in EBITDA. The liabilities of General Mills Inc. were 20.75 billion at the end of its most recent quarter ended May 30, and its total debt was $12.06 billion. The value of shareholders’ equity is $585.18 million.
Technical Picture
This quick technical analysis looks at General Mills Inc.’s (GIS) price momentum. With a historical volatility rate of 10.75%, the RSI 9-day stood at 23.53% on 30 August.
With respect to its five-day moving average, the current General Mills Inc. price is up by +0.21% percent or $0.14. At present, GIS shares trade -9.50% below its 20-day simple moving average and -21.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.33% below its SMA50 and -14.20% below its SMA200.
Stochastic coefficient K was 12.80% and Stochastic coefficient D was 11.80%, while ATR was 1.00. Given the Stochastic reading of 9.72% for the 14-day period, the RSI (14) reading has been calculated as 25.52%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -1.24.
Analyst Ratings
BofA Securities reiterated its a Neutral rating on General Mills Inc. (NYSE: GIS) in a note to investors. The analysts firm has however raised their price target to $72, representing a possible 16.73% increase in the stock price. General Mills Inc. (GIS) has been rated Hold by analysts. According to 2 brokerage firms, GIS is a sell, and 11 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate General Mills Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $80.00, the current consensus forecast for the stock is $69.00 – $91.00. Based on these forecasts, analysts predict General Mills Inc. (GIS) will achieve an average price target of $79.24.
