General Mills Inc. (NYSE:GIS) finished Thursday with an addition of $0.06 to close at $64.11, an upside of 0.09 percent. An average of 5,306,800 shares of common stock have been traded in the last five days. There was a fall of -$1.37 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 4,941,310 shares traded, while the 50-day average volume stands at 4,022,208.
GIS stock has decreased by -6.40% in the last month. The company shares reached their 1-month lowest point of $63.63 on 09/28/23. With the stock rallying to its 52-week high on 05/15/23, shares of the company touched a low of $63.70 and a high of $90.89 in 52 weeks. It has reached a new high 18 times so far this year and lost -23.54% or -$19.74 in price. In spite of this, the price is down -29.46% 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 135 days ago on May 17. In this transaction, the insider spent $776,847. Chief Accounting Officer, Pallot Mark A, disposed of 4,081 shares at a price of $90.32 on May 16. The insider now owns more than $368,591 worth of shares. Prior to that, Chief Innovation Officer Benson Jodi J went on to Sale 3,009 shares at $90.59 each on May 12. An amount of $272,600 was transacted.
Valuation Metrics
General Mills Inc. (GIS) has a trailing price-to-earnings (P/E) ratio of 15.65. The stock’s beta is 0.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.84, the price-to-book (PB) ratio at 3.63, and the price-to-cash flow ratio at 18.38.
Financial Health
The quick ratio of General Mills Inc. for the three months ended August 30 was 0.41, and the current ratio was 0.72, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.03 and a total debt to equity ratio of 1.20 for the quarter ending August 30. General Mills Inc.’s EBITDA margin for the year ending August 30 is 19.47%, while its operating margin for the same period stands at 16.34%. Its gross profit as reported stood at $6.55 billion compared to revenue of $20.09 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 7.84%.
Earnings Surprise
For the three-month period that ended August 30, General Mills Inc. had $10.52 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 $673.5 million in the quarter, while revenues of $614.9 million were shrunk -21.75%. The analyst consensus anticipated General Mills Inc.’s latest quarter earnings to come in at $1.08 per share, but it turned out to be $1.09, a 0.90% surprise. For the quarter, EBITDA amounted to $1.07 billion. Shareholders own equity worth $581.28 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 28 September was 28.37%, suggesting the stock is oversold, with historical volatility in this time frame at 11.07%.
As of today, GIS’s price is $64.60 -2.09% or -$1.37 from its 5-day moving average. GIS is currently trading -6.11% lower than its 20-day SMA and -28.62% lower than its 100-day SMA. However, the stock’s current price level is -14.76% below the SMA50 and -25.31% below the SMA200.
The stochastic %K and %D were 23.30% and 25.34%, respectively, and the average true range (ATR) was 1.14. With the 14-day stochastic at 15.43% and the average true range at 1.14, the RSI (14) stands at 28.77%. The stock has reached -0.69 on the 9-day MACD Oscillator while the 14-day reading was at -0.91.
Analyst Ratings
HSBC Securities launched coverage on General Mills Inc. (NYSE: GIS) in its analyst report released on September 22, 2023. The firm assigned the stock a Hold rating.
