The price-to-earnings ratio for General Mills Inc. (NYSE: GIS) is above average at 16.81x, while the 36-month beta value is 0.24.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 12 as “hold,” and 2 as “sell.”
The average price point forecasted by analysts for General Mills Inc. (GIS) is $81.44, which is $2.12 above the current market price. The public float for GIS is 584.30M, and currently, short sellers hold a 2.15% ratio of that floaft. The average trading volume of GIS on March 17, 2023 was 3.43M shares.
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GIS) stock’s latest price update
General Mills Inc. (NYSE: GIS)’s stock price has decreased by -1.32 compared to its previous closing price of 80.47. Despite this, the company has seen a gain of 1.13% in its stock price over the last five trading days. Barron’s reported on 02/21/23 that General Mills Stock Gains on Forecast for More Profit Growth
GIS’s Market Performance
General Mills Inc. (GIS) has experienced a 1.13% rise in stock performance for the past week, with a 5.72% rise in the past month, and a -9.07% drop in the past quarter. The volatility ratio for the week is 2.00%, and the volatility levels for the past 30 days are at 1.71% for GIS. The simple moving average for the last 20 days is 0.08% for GIS stock, with a simple moving average of 2.03% for the last 200 days.
Analysts’ Opinion of GIS
Many brokerage firms have already submitted their reports for GIS stocks, with Mizuho repeating the rating for GIS by listing it as a “Neutral.” The predicted price for GIS in the upcoming period, according to Mizuho is $75 based on the research report published on February 01st of the current year 2023.
UBS, on the other hand, stated in their research note that they expect to see GIS reach a price target of $88, previously predicting the price at $85. The rating they have provided for GIS stocks is “Buy” according to the report published on January 27th, 2023.
GIS Trading at 0.40% from the 50-Day Moving Average
After a stumble in the market that brought GIS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.11% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares surge +5.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.22% lower at present.
During the last 5 trading sessions, GIS rose by +1.26%, which changed the moving average for the period of 200-days by +13.83% in comparison to the 20-day moving average, which settled at $79.57. In addition, General Mills Inc. saw -5.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GIS starting from Nudi Jonathon, who sale 10,894 shares at the price of $84.49 back on Jan 11. After this action, Nudi Jonathon now owns 82,784 shares of General Mills Inc., valued at $920,479 using the latest closing price.
Walker Sean N, the Group President of General Mills Inc., sale 27,157 shares at $84.87 during a trade that took place back on Jan 09, which means that Walker Sean N is holding 90,975 shares at $2,304,733 based on the most recent closing price.
Stock Fundamentals for GIS
Current profitability levels for the company are sitting at:
- +16.73 for the present operating margin
- +33.08 for the gross margin
The net margin for General Mills Inc. stands at +14.25. Equity return is now at value 28.30, with 9.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
In a nutshell, General Mills Inc. (GIS) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
